Discover Bank offers 12 terms of traditional CDs that range from three months to 10 years, making it easy to build a CD ladder. Each of the CDs pays a competitive yield. The minimum deposit to open a CD is $2,500.
The bank is very upfront with information about its early withdrawal penalties, which vary depending on the CD term. For example, the penalty for CDs maturing in one to four years is six months of simple interest.
Discover’s CDs all pay competitive yields.
The wide range of terms available makes it easy to ladder CDs.
The bank makes it easy to find info about early withdrawal penalties.