Discover Bank CD Rates
It has been a little while since we here at Best CD Rates Info had a look at the latest in Discover Bank CD rates. So we thought we would check and see how Discover CD rates have changed. There are some good, competitive options available.
Currently, Discover’s best CD rates are on their five year term, which they’re promoting at 2.95% annual percentage yield (APY) with a $2,500 minimum deposit requirement. This is a good and competitive option, with the national average being 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. Consult a financial adviser before making a decision and check current rates as they can change at any time. Some geographic areas may not have these rates available and all Discover Bank CD rates are subject to account opening, approval, and minimum balance requirements.
