You can also unfreeze your card via the app. Using the mobile app, customers can deposit checks, locate ATMs, pay bills, transfer money between accounts, and even temporarily freeze a debit card when needed, such as after losing the card or if there’s a security concern. The Discover Bank platform and customer supportĭiscover Bank features a mobile app and online platform. Financial education: Discover Bank publishes the Modern Money blog, which provides education and guidance on everything from saving, budgeting, and family finances to retirement and banking 101.The APRs on these products range from 5.99% to 7.24%. Home loans: The home loan products available from Discover include home equity loans and mortgage refinances.Interest rates range from 6.99% to 24.99%. Personal loans: Personal loans of up to $35,000 are available from Discover to cover a variety of needs including home renovations, medical costs, and debt consolidation.Student loans: Discover offers variable and fixed-rate student loans with rates ranging from 5.49% to 15.12%.Retirement accounts: Discover offers traditional and Roth IRA accounts as well as IRA CDs.Other services Discover Bank offersĭiscover Bank also offers a variety of additional financial services.

While the minimum deposit for Discover CDs is higher than many of its competitors, the rates offered by the bank are more than 19 times the average national savings rate. The APY on Discover CDs is locked in and is not impacted by the fluctuations of the market.

7 to 10 years: 24 months simple interest.

5 years to 7 years: 18 months simple interest.

4 years to 5 years: 9 months simple interest.

1 year to 4 years: 6 months simple interest.

Less than 1 year: 3 months simple interest.

Early withdrawal penalty: Varies depending on CD term.

Certain withdrawals and transfers from money market accounts are limited to a combined total of six per month-though the bank says it is not currently enforcing the monthly limit. Money market withdrawals can be made at more than 60,000 ATMs across the country. Balances that exceed $100,000 are eligible for the 3.25% APY. Those with balances of $100,000 or lower earn an APY of 3.20%.

Expedited delivery for debit card replacement: $0.

To see how that stacks up against other offers, see the current best savings accounts. The APY on Discover’s savings account is five times the national savings average.

Discover online savings bonus