Highest CD Rates Info

Although almost everyone knows about Discover credit cards, most people don’t know of the wide variety of other banking services provided by Discover Bank.  So, most folks would not think to consider Discover Bank CD rates when searching for the highest CD rates.  We recently took a look at CD rates at Discover Bank, and were pleasantly surprised with what we found.

*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

The most interesting rates were the Discover Bank long term CD rates:

The Discover Bank 5 Year CD earns an interest rate of 3.73 percent, translating to an Annual Percentage Yield (APY) of 3.80 percent. A minimum deposit of $2,500 is required to be eligible for these Discover CD rates.

For those interested in a really long term certificate of deposit, the Discover Bank 7 Year CD earns an interest rate of 3.93 percent, corresponding to an APY of 4.00 percent. Once again, a minimum investment of $2,500 is required to be eligible for these Discover Bank CD rates.

So, if you are shopping for a long term certificate of deposit, be sure to check out the CD rates at Discover Bank.  Remember to look at the Discover bank online banking site to be certain of the current rates and terms available in your area, because CD rates can change daily and may differ by location.