We have a lower IRA rate alert on the 5 year IRA CD rate at Discover Bank. The new 5 year IRA CD rate is now at 1.83 percent with a yield of 1.85 percent. The old 5 year IRA CD rate was 1.98 percent with a yield of 2.00 percent. View a history of rate changes to this 60 month IRA CD at Discover Bank 5 Year IRA CD Rates. (continued below)