Discover Bank CD Rates
March 25, 2009
Discover does more than just credit cards. We here at Top-CD Rates thought we should look over what they have to offer for Discover Bank CD rates and bring you the newest information. There are some offers that will likely be of interest to you. Especially the 3.5% annual percentage yield they’ve been offering.
That 3.5% APY is on a five year term with a $2,500 minimum deposit. That would beat the national average return by nearly $200 over that term. Definitely worth considering when looking at certificate of deposit rates. For reference the national average annual percentage yield right now is 2.08%.
Other terms are available from 3 months to 10 years with some good Discover CD rates offers in the mix. The three month term Discover CD rates out only 1.25% APY, but a jump to six months pushes that up to 1.74% APY. Nine moths nets 1.99% APY while a year is at 2.33%. The three year term CD rates at Discover Bank pull in 2.86% APY currently wile a full ten years will get 3.73% APY. Definitely worth a look for that IRA portfolio.
All Discover CD rates require a minimum $2,500 deposit and all Discover Bank accounts are FDIC insured. If you’re looking for a CD, you should definitely have a look at Discover Bank CD rates and see what they can offer you. Check those Discover CD rates often, though, as they can change quickly with the market or vary by location.
Posted in Discover CD rates
April 2nd, 2009 at 11:24 am
Discover Bank is now offering IRA CD products.
You can transfer funds from a traditional IRA or rollover funds from a 401K to an IRA CD.
– Enjoy contribution limits of up to $5,000 for people under 50, and $6,000 for those over 50.
– Choose flexible terms from 3 months to 10 years.
– Rest easy with FDIC protection for up to $250,000 per account.
– Calculate your savings growth with online tools.
– Select between a Roth or Traditional IRA CD.
February 3rd, 2010 at 10:14 am
[...] our readers the best CD rates available out there in the market today. Today we shall focus on Discover Bank CD rates especially since after an in depth analysis, we found that Discover CD rates are very high in both [...]