Discover Bank CD Rates Review
It has been a little while since we here at Highest CD Rates Info looked at the latest in Discover Bank CD rates. We thought we would check and see how Discover CD rates have improved and found that there are some good, competitive options available.
*Editor’s Note: this is an older article, and we have recently updated our research about current Discover Bank CD Rates. For our latest article on Discover CD Rates, please see the following page: Discover Bank CD Rates
Currently, Discover’s highest CD rates are on their 5 year term offer, which they are promoting at 2.95% annual percentage yield (APY) with a $2,500 minimum deposit requirement. This is a competitive option against the current CD rates on national average at a full percentage point lower.
Terms on standard Discover Bank CD rates start at 3 months with a 0.65% APY, then go to 6 or 9 months at 1.15% APY and then to 12 months at 1.50% APY. These are competitive for short-term savers.
At 18 months, the rate goes up to 1.60% APY and at 2 years it jumps to 1.90% APY. Those aren’t the best available, but they are competitive.
30 months gives 2.05% APY and 3 years gives 2.25% APY. Four years goes up to 2.45% APY and 7 years jumps to 3.25% APY while 10 years yields 3.50% APY.
Definitely the 5-year term at 2.95% APY is the current best offer in Discover Bank certificate of deposit rates. The 12 month rate is also good compared to most others which are closer to 1%.
Discover Bank is fully FDIC insured and protected. Be sure to consult a financial adviser before making a decision. Check current rates, as they can change at any time.
[...] CD Rates we are constantly looking to bring you the latest information with today’s update being Discover Bank CD rates. This type of service became available by this well known credit card company in [...]
[...] of these Discover CD rates were posted on February 8, 2011 but are subject to change without [...]