and a solid savings rate, so CDs fit in within a strong lineup of accounts. » COMPARE: See the best CD rates NerdWallet's take: Discover® Bank’s CD rates don’t lead the pack of online banks ...

Discover’s CD rates are also significantly higher than the national average CD rates. For example, according to the FDIC, the national average rate for a 12-month CD is 1.78% as of March 2025.

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Open a new bank account today and earn a top interest rate. Our experts have researched the best rates on checking, savings, and CD accounts to help you maximize your earnings.

CD rates tend to track the federal funds rate. When the fed rate goes down, CD rates decline, and vice versa. The Federal Reserve held the federal funds rate steady for nearly a year but made its ...

Dates of collection were Jan. 26, 2024, and Sept. 19, 2024. CD rate trend 2025: higher short-term CDs The trend of shorter-term CD rates being higher than longer-term CD rates continues into 2025 ...

you'll have to open a Raise Your Rate CD — Ally doesn't have a standard 2-year CD. Ally CD Pros and Cons Ally CD Alternatives Discover® requires an opening deposit of $0, similar to Ally.

She frequently writes for financial publications and brands such as USA Today, SoFi, Charles Schwab, Discover ... a CD term with American Express, as the term affects your interest rate.

You can earn a better interest rate if you invest the $25,000 in a 12-month CD and either allow it to auto-renew or put it into another CD term at maturity, depending on the APY. Discover Bank’s ...