Latest Discover Bank Interest Rates - September 2026
Discover Bank
Discover Bank Interest Rates & Loan Products Overview
Quick Summary: Key benchmark reference rates, online high-yield savings APYs, and consumer lending products offered by Discover Bank (DFS):
Featured Rates & Products:
- Deposit Accounts & CDs: The Discover Online Savings Account earns a high-yield variable 3.00% APY with no minimum balance and zero monthly maintenance fees. Certificates of Deposit (CDs) offer yields ranging from 2.00% APY (3-month) to 3.85% APY (12-month) and 3.60% APY (24- to 36-month terms) with a $0 minimum opening balance.
- Personal Loans: Unsecured personal installment loans are available from $2,500 to $40,000 with fixed APRs from 7.99% to 24.99%, terms of 36 to 84 months, fast next-day funding, and zero origination or prepayment fees.
- Mortgage & Auto Loans: Discover does not originate purchase residential first mortgages or direct purchase vehicle loans (consumer home borrowing is offered via fixed-rate Home Equity Loans ranging from $35,000 to $300,000).
- Credit Cards: The flagship Discover it® Cash Back card features an introductory 0% APR for 15 months on purchases and balance transfers, followed by a standard variable purchase APR starting from 17.49% to 26.49% with a 25-day grace period and no annual fee.
- Benchmark Index: The reference Wall Street Journal / Discover Prime Lending Rate stands at 6.75%.
💡 Financial Tip: Discover personal loans carry no origination fees and no prepayment penalties, making them an effective tool for high-interest credit card debt consolidation.
CD & Savings Interest Rates - DFS
Unit: %/year| Term / Maturity | Branch APY | Online / Digital APY 📱 |
|---|---|---|
| Standard Savings | 3% | 3% |
| 1 Month | - | 0% |
| 3 Months | 2% | 2% |
| 6 Months | 3.5% | 3.5% |
| 12 Months (Benchmark ⭐) | 3.85% | 3.85% |
| 24 Months | 3.6% | 3.6% |
| 36 Months | 3.6% | 3.6% |
Featured Loan Products - DFS
Loan Guide & Terms →5.5% /yr
- • Promo period: 12 months
- • Max loan term: 25 years
- • Max borrowing limit: 80% of value
7% /yr
- • Max loan term: 8 years
- • Max borrowing limit: 80% of value
7.99% /yr
- • Max loan term: 5 years
6.5% /yr
- • Max loan term: 15 years
Calculate Loan Payments for Discover Bank
Simulate monthly principal and interest payments at 6.75% APR for DFS with detailed amortization schedule and Excel export.
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