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.

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 ...

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 ...

To create this list, Forbes Advisor considered 142 CD accounts across 84 financial institutions, including traditional banks, online banks and credit unions. For the star rating, we ranked each ...

Open a new bank account today and earn a top interest rate. Our experts have researched the best rates on checking, savings, ...

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.

Why it stands out: You can make your deposit now or later when you apply to open a CD at Discover Bank. The minimum balance requirement is $2,500. Rate: 2.15% on a 3-year CD, minimum $2,500 balance.