Savings, CD & Money Market Accounts

NEA® Certificate of Deposit Account

Nurture your nest egg over time with this secure investment tool

Sign In to Check Eligibility

In partnership with


Patience brings savings rewards

Certificates of Deposit (CDs) are a secure way to let your money grow over time. Choose the maturity date that’s right for you and watch your nest egg grow thanks to rates that have consistently exceeded the national average.1

  • Choose flexible terms from three months to 10 years
  • The safety of FDIC insurance, up to the maximum allowed by law
  • As an NEA member, you’ll receive a $20 new-account bonus2
  • Open an account with a $2,500 minimum balance
  • Get convenient renewal options at maturity. Reinvest the interest or transfer money to another Discover Bank account
  • Access 24/7, U.S.-based customer service support on your schedule

how it helps

Simple, secure, low-maintenance saving

Dependable returns

CDs have a fixed interest rate, so no matter what happens in the stock market or with federal interest rates, your APY is locked in. They're a popular way to diversify your stock investments—such as 401(k)s, 403(b)s and IRAs—by adding dependable returns to your portfolio.

Set it and forget it

Longer terms earn higher interest rates—and the NEA Certificate of Deposit Account earns consistently higher rates than the national average.1 If you’re saving for an expense that's more than a few months in the future, certificates of deposit can be a great way to park some seed money with no need to think about it again until the CD matures.

The NEA Certificate of Deposit Account through Discover Bank automatically renews at maturity unless you make a deposit or withdrawal or change the terms of your CD during a nine-day grace period.

Safe and secure

Enjoy the safety of FDIC insurance, up to the maximum allowed by law.

How It Works

Choose your CD term and get started

Apply online

  1. Make sure you’re logged in to your NEA Member Benefits account.
  2. Click “Open a CD Now” above to access the NEA Certificate of Deposit Account online application page and other helpful information. From there, click “Open an Account.”

Apply by phone

  1. Make sure you’re logged in to your NEA Member Benefits account.
  2. Call the phone number above, and be sure to mention that you’re an NEA member.


Get access for family members

Family members are eligible, but they must be registered with NEA Member Benefits first. For help, call our Member Advocacy Center at 1-800-637-4636.

Current Promotions

Get a bonus for saving

$20 Bonus2 for members who open and fund a new NEA Certificate of Deposit Account with an initial minimum deposit of $2,500 or more.
Transparent Discover Card Logo - NEA Member Benefits Partner

Discover Bank helps educators and supports schools nationwide.

We’ve partnered with Discover because of their innovative banking programs and their support of educators and public education.


In addition to being a sponsor of the NEA Foundation’s Annual Salute to Excellence in Education Gala, they adopt schools in their local communities, award grants that bring financial education to high schools, and for over 15 years Discover has provided funds and volunteer teaching support to deliver financial education to K-8 classrooms nationwide.


Learn more about how we select our partners 

More ways to save

Terms & Conditions

1. National CD Average APY is based on specified product types of top 50 U.S. banks (ranked by total deposits) provided by Informa Research Services, Inc. as of 7/18/2018.

2. To qualify for the $20 bonus offer, the applicant must: (i) be an Eligible NEA Member (an individual who is an NEA member as of the account application date, or any of the following individuals who is related to and is registered by such an NEA member as of the account application date: parent, spouse, domestic partner, son, daughter, parent of the spouse/domestic partner), and (ii) open either an NEA CD or Money Market account through Discover Bank with an initial minimum deposit of $2,500. While the NEA Online Savings Account through Discover Bank does not require a minimum opening deposit, you must make an initial minimum deposit of $500 to receive the bonus. NEA affiliation subject to verification. Bonus limited to one per Eligible NEA Member, per product, per calendar year. IRA CDs are not eligible for this offer. Bonus will be awarded via account credit within 60 days following the end of the month in which the account is funded and will be reported on IRS Form 1099-INT. Account must be opened at time of account credit. Offer may be withdrawn or modified at any time without notice.

3. Annual Percentage Yield (APY) is accurate as of 7/18/2018 and subject to change daily without notice. This offer applies to personal accounts only. A penalty may be charged for early withdrawal. Fees could reduce earnings on the account. Minimum opening deposit is $2,500.

Deposit accounts offered by Discover Bank, Member FDIC.