How to Open Discover Bank Certificate of Deposit Account

Considering that a Discover Bank’s CD  is the safest way to grow your money and still get an incredible rate, it’s popularity has grown for those out there looking for a CD account.

Dependability is key for most individuals these days and if you have money that you do not need for a period of time, then CDs can definitely live up to the potential. Flexible terms on a low-risk/high-yield FDIC-insured accounts is hard to come by as it is, and all you need is a $2,500 deposit to jump-start your growth! Be sure to read on if you’re interested in how to open a Discover Bank CD.

Discover Bank CD Information:

• Apply Now
• Account Type: Certificate of Deposit
• Availability: Nationwide
• Expiration Date: None
• Monthly Fee: $0.
• Additional Advice: Choose a longer IRA CD term to earn more money!
• Closing Account Fee: None

• Get started and open a Discover® CD in 3 easy steps. • Available nationwide online • Discover offers CDs with some of the highest and most competitive rates! • Select terms as short as 3 months up to 120 months • Rates ranging from 2.00% APY up to 4.00% APY. • Opening a Discover Bank Certificate of Deposit is extremely quick and easy. • Funds on deposit are FDIC-insured up to the maximum allowed by law. Apply Now at Discover

How To Open A Discover Bank CD:

1. Go to Discover Bank’s Online Landing Page.
2. Hover your mouse over to the ‘Open an Account’ button on the top-right portion.
3. The 2nd option they give you is ‘CD’. Be sure to click on CD
4. Select your term and deposit amount
   1. Minimum deposit of $2,500.00 is required
5. Provide all the necessary information:
   1. Your social security number.
   2. Your driver’s license or other photo I.D. like a passport.
   3. Your bank account information — your bank’s routing number and your bank account number.
   4. Your employment information — your employer’s name and address.
6. You can choose whether or not you want to set up automatic investment plan. (I’d advise it considering this is a effective tool for you to keep consistency with your deposit)

Discover CD Rates

Conclusion:

Opening a Discover Bank CD can be as easy as 6 steps or less. when you open a CD account with Discover Bank, all you really need is a minimum deposit of $2,500. Keep in mind that the longer the term, the better your rate will be. It is recommended that you keep a consistent deposit within your CD account. Flexible terms on a low-risk/high-yield FDIC-insured accounts is hard to come by as it is, which is one of the biggest reasons why we recommend a CD account with Discover. Be sure to also check out our full list of Best CD Rates!

The Chase Sapphire Reserve offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase TravelSM. You'll earn • 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel immediately after the first $300 is spent on travel purchases annually. • 3x points on other travel and dining • 1 point per $1 spent on all other purchases Get 50% more value when you redeem your points for travel through Chase Travel. This card does carry a $550 annual fee and there are no foreign transaction fees. However, you're able to earn a $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year & up to $120 application fee credit for Global Entry or TSA Pre✓®. Member FDIC Learn More About This Card Here