High CD Rate

Discover Bank has best CD rates on 3 year CDs and 4 year CDs.

• Three year CD interest rate: 3.20% APR | 3.25% APY
• Four year CD interest rate: 3.40% APR | 3.45% APY
• Minimum Deposit: $2500

With these high CD rates the minimum deposit of $2500 in a 3 year CD would earn about $251 dollars in interest and a 4 year CD would earn about $363 dollars in interest. This certificate of deposit is a risk free investment since Discover Bank is FDIC insured. An early withdrawal penalty applies if withdrawal is made before CD maturity.

Discover Bank has been in business for over 95 years. They’re well known for their credit cards since they give very generous cash rewards. There is also a dedicated Discover gas credit card that earns 5% cash back at any gas station plus cash back for regular purchases.