To put Discover Bank’s CD Rates in perspective, the current national average for a 12 month and a 60 month CD sit at just 1.72% APY and 1.37% APY, respectively, according to recent FDIC data. All CD accounts are federally insured by the FDIC up to the applicable limits.
Discover Bank CDs require a minimum deposit of $2,500 to open an account.
