DFSDigital Bank
Latest Discover Bank Interest Rates - September 2026
Discover Bank
1-Year CD: 4% Prime Rate: 6.75%
Interest Rate Summary
Discover Bank Interest Rates & Retail Products Overview
Quick Summary: Official interest rates and consumer financing products published by Discover Bank (DFS) nationwide:
Key Benchmark & Deposit Rates:
- Reference Prime Rate: Standing at 6.75%, indexing variable-rate card purchase APRs and revolving credit lines.
- Online Savings & CDs: The flagship Discover Online Savings Account yields a variable 3.75% APY with $0 monthly maintenance fees and no minimum deposit requirement. Discover Certificates of Deposit (CDs) offer fixed yields of 2.00% APY (3-month), 3.70% APY (6-month), 4.00% APY (9-month and 12-month), 3.80% APY (18-month and 24-month), and 3.50% APY (36-month) with no minimum balance required to open.
Consumer Loans & Retail Financing:
- Mortgage & Home Equity: Discover no longer accepts applications for new residential mortgages, home equity loans, or mortgage refinance products.
- Unsecured Personal Loans: Fixed APRs range from 6.99% to 24.99% for borrowing amounts between $2,500 and $40,000 with repayment terms from 36 to 84 months and zero origination or prepayment fees.
- Auto Financing: Discover Bank does not offer direct consumer automobile loans.
- Credit Cards: Flagship consumer cards (such as the Discover it® Cash Back card) provide an introductory 0% APR on purchases and balance transfers for 15 months, followed by a variable purchase APR starting at 17.49% (scaling to 26.49% based on creditworthiness) with a 25-day grace period.
💡 Financial Tip: Online savings yields are variable and adjust over time, whereas Certificates of Deposit lock in guaranteed APYs for the entirety of the selected maturity term. Review all terms directly on Discover.com prior to applying.
CD & Savings Interest Rates - DFS
Unit: %/year| Term / Maturity | Branch APY | Online / Digital APY 📱 |
|---|---|---|
| Standard Savings | 3.75% | 3.75% |
| 1 Month | - | 0% |
| 3 Months | 2% | 2% |
| 6 Months | 3.7% | 3.7% |
| 12 Months (Benchmark ⭐) | 4% | 4% |
| 24 Months | 3.8% | 3.8% |
| 36 Months | 3.5% | 3.5% |
Featured Loan Products - DFS
Loan Guide & Terms →mortgageDFS
5.5% /yr
- • Promo period: 12 months
- • Max loan term: 25 years
- • Max borrowing limit: 80% of value
auto loanDFS
7% /yr
- • Max loan term: 8 years
- • Max borrowing limit: 80% of value
personal loanDFS
6.99% /yr
- • Max loan term: 5 years
student loanDFS
6.5% /yr
- • Max loan term: 15 years
Advanced Loan Calculator
Calculate Loan Payments for Discover Bank
Simulate monthly principal and interest payments at 6.75%/yr APR for DFS with detailed amortization schedule and Excel export.
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