Discover Bank CD Rates
Most people know about Discover credit cards, and yet many people do not realize that there are many other services provided by Discover Bank — therefore it wouldn’t even cross their minds to look at Discover Bank CD Rates when looking for the best CD rates. While searching the internet for the highest CD rates, we recently learned that Discover Bank has some pretty competitive rates on certificates of deposit.
We were pretty pleased with many of the CD rates at Discover Bank, and here we will review a couple that particularly seem attractive:
The Discover 2 Year CD has an interest rate of 4.05 percent, which comes out to an Annual Percentage Yield (APY) of 4.13 percent. This certificate of deposit requires a minimum deposit of $2,500 to start the Discover Bank CD account.
The other one of the Discover CD Rates that got our attention is the Discover 5 Year CD. This CD earns an interest rate of 4.78 percent, and an APY of 4.89 percent. To open an account with these Discoverbank CD rates requires a minimum investment of at least $2,500.
These rates seem pretty good to us, and you get the added benefit of having an FDIC insured cd account. Please be sure to check out the Discover bank online banking site to confirm the current rates and terms available in your area, as CD rates often change quickly and vary by location.
[...] we looked at Discover CD Rates back in December, they had some extremely competitive offers. Those offers have expired now and [...]