Discover 12-Month Certificate of Deposit

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About Discover CD Rates & Fixed Deposits

The Discover 12-Month Certificate of Deposit from Discover is one of the top-rated CD Rates & Fixed Deposits options evaluated on MoneyCompared, earning an overall product score of 9.6/10. Reliable 1-year CD with $0 minimum deposit requirement and terms spanning from 3 months all the way to 10 years.

Key highlights include 4.10% APY (12-Month Fixed Term), a fee structure of $0 Account Maintenance Fee, and CD Terms Available from 3 Months to 10 Years. Accounts are backed by FDIC Insured up to $250,000 and supported by Discover's 4.9 / 5.0-rated digital banking experience.

Features

Annual Fee $0 Account Maintenance Fee
Regular APR / Rate 4.10% APY (12-Month Fixed Term)
Intro Offer / Welcome Bonus CD Terms Available from 3 Months to 10 Years
Savings APY / AER 4.10% APY Compounded Daily
Minimum Deposit $0 Minimum Deposit to Open
Foreign Transaction Fee 3 Months Simple Interest Early Withdrawal Penalty
Deposit Insurance FDIC Insured up to $250,000
Mobile App Rating 4.9 / 5.0
Overall Rating 9.6 / 10

About Product

  • Annual / Monthly Fee: $0 Account Maintenance Fee
  • APR / APY Rate: 4.10% APY (12-Month Fixed Term)
  • Intro Offer / Bonus: CD Terms Available from 3 Months to 10 Years
  • Key Benefits: 4.10% APY Compounded Daily
  • Minimum Requirement: $0 Minimum Deposit to Open
  • Foreign Transaction Fee: 3 Months Simple Interest Early Withdrawal Penalty
  • Protection: FDIC Insured up to $250,000

Pros

  • Rate / APR / APY: 4.10% APY (12-Month Fixed Term)
  • Fee Structure: $0 Account Maintenance Fee
  • Welcome Offer / Benefit: CD Terms Available from 3 Months to 10 Years
  • Rewards & Highlights: 4.10% APY Compounded Daily

Cons

  • Minimum Requirement: $0 Minimum Deposit to Open
  • Subject to Discover eligibility and account terms

Ready to check your rate for Discover 12-Month Certificate of Deposit?

Visit the official Discover website to view current terms, eligibility, and apply online.

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