Discover Bank CD Rates

 Discover Bank has something for everyone. The financial services bank offers some of the best credit card deals, as well as some of the best savings deals. Not many banks cater to both savers and borrowers as well as Discover Bank. A very sharp and easy-to-use online banking platform makes Discover Bank a great option for those who like to bank online. However for people who still like to talk to a human being, Discover Bank is quick to point out that their customer service representatives are based in the United States. The flagship product at Discover Bank is the bank’s certificates of deposit. For several years the rates paid at Discover Bank on certificates of deposit have been among the rate leaders nationally. Today’s rates include:

Discover Bank CD Rates:

• 3 Months 1.25% APY
• 6 Months 1.75% APY
• 9 Months 1.90% APY
• 12 Months 2.35% APY
• 18 Months 2.50% APY
• 24 Months 2.75% APY
• 30 Months 2.75% APY
• 3 Years 3.10% APY
• 4 Years 3.30% APY
• 5 Years 3.60% APY
• 7 Years 3.64% 3.70%
• 10 Years 3.93% 4.00%

The minimum deposit for a CD at Discover Bank is $2,500. Depositors can open a IRA account or ROTH account or work with a Discover Bank customer service specialist to rollover an existing 401K or IRA to a Discover Bank IRA. Like most CDs, penalties will be applied to the early withdrawal of funds. Finally, and most importantly, accounts are FDIC-insured up to $250,000 per depositor.

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