Discover Bank

Discover Bank
Deposit Rates APY Vs.Others
Savings 3.60% 6.25% →
1-Year CD 4.50% 5.20% →
2-Year CD 4.30% 5.10% →
3-Year CD 4.30% 4.60% →
4-Year CD 4.10% 4.54% →
5-Year CD 4.10% 4.50% →

2023 Overview

General Online Bank Information

Money that you deposit is held by Discover Bank. Discover Bank is an FDIC insured institution founded in 1911. It has approximately $113.03 billion in assets.

Deposits FDIC Insured Yes
Insured Bank Discover Bank
FDIC Certificate # 5649
Date Established 1911
Assets $113.03 billion
Loans $97.84 billion
Deposits $87.17 billion
Capital $11.75 billion

For a more detailed analysis of Discover Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - March 25, 2023

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Online Savings Account
3.60% $0 - Learn More
Online CD Rates
Online CD Rates APY MIN MAX
6 Mo CD
3.40% $2,500 - Learn More
12 Mo CD
4.50% $2,500 - Learn More
18 Mo CD
4.75% $2,500 - Learn More
24 Mo CD
4.30% $2,500 - Learn More
36 Mo CD
4.30% $2,500 - Learn More
48 Mo CD
4.10% $2,500 - Learn More
60 Mo CD
4.10% $2,500 - Learn More


Bank Offers

Discover Bank Lowers Online Savings Rate to 1.25% APY
May 14, 2020

Discover Bank has lowered its online savings rate from 1.40% APY to 1.25% APY this morning.

Discover Bank's Online Savings Rate is Now 1.15% APY
May 26, 2020

Discover Bank's online savings rate is now 1.15% APY.

Climate Initiatives

Discover Bank is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.

Customer Reviews for Discover Bank

  • September 14, 2020 |

    Online Savings Rates

    two thumbs up

  • May 3, 2020

    Online Savings Rates

    I opened a Discover account on April 6, 2020. Deposit accepted on 10th of April. Four days after deposit, $200 bonus was credited to my account. Only issue, the dividend rate dropped from 1.5% to 1.4%, but with what's going in the world, I guess it should have been expected. Anyway, so far so good.

  • April 13, 2020 |

    Online CDs 12 Month Rates

    i have had cds at Discover Bank for 6 or 7 years. I can almost always find a little better rate but in the end the reason I stay at Discover is the phone is answered within the first 3 or 4 rings EVERY time i have called for all those years and the individual who answers IS the IRA specialist who takes care of my need then and there. never have i been put on hold or transferred to someone else.

  • September 23, 2019 |

    I have had CDs with Discover Bank for 10 yrs. I have used mail, phone and email to work out new investments and cashing in of CDs with no difficulty. While you don't get the pleasure of face-to-face service that you get from a local credit union or small bank, I found investing with them easy and fast

  • March 21, 2018 |

    Online Savings Rates

    Application for savings account left in limbo for a week. Told that bank was not permitted to communicate either by email or phone to inform customer of need for additional document !!!
    Not logical or confidence inspiring.

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