This may be a little high, especially when compared to other banks’ minimum deposit requirements of around $500 or even $0.
You will have to have at least $2,500 to open a Discover CD.
While some other banks do offer more options, Discover Bank still allows you to open certificate of deposit (CD) accounts to save for short-term as well as longer-term goals like a down payment on a house. Discover Bank offers 12 certificate of deposit terms ranging from three months to 10 years.
