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Written by
Bestmoney Staff
The BestMoney editorial team is composed of writers and experts covering a full range of financial services. Our mission is to simplify the process of selecting the right provider for every need, leveraging our extensive industry knowledge to deliver clear, reliable advice.

November 13, 2025

0 min

discover-ira-retirement-accounts

Discover® IRA Retirement Accounts Pros & Cons

Pros

No minimum deposit required for IRA Savings and CD Accounts
Competitive interest rates on IRA CD
FDIC-insured for up to $250,000 per depositor

Cons

No stock, bond, or mutual fund investment options
Early withdrawal penalties apply to IRA CDs
discover-ira-retirement-accounts

Discover® IRA Retirement Accounts at a glance

9.6
Editorial score

Years in Business

Been in business since 1985
10.0

Minimum Investment

No minimum requirement
10.0

Diversification

Fewer than 3 investment vehicles; only offers IRA CDs and IRA savings accounts
8.0

Customer Service

24/7 support available
10.0

Online Experience

Highly informative website with a clear breakdown of offerings; also offers highly-rated mobile app
10.0
Written byBestmoney Staff

The BestMoney editorial team is composed of writers and experts covering a full range of financial services. Our mission is to simplify the process of selecting the right provider for every need, leveraging our extensive industry knowledge to deliver clear, reliable advice.

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