CD Rates at Discover Bank
Whether you’re a short or a long term investor, the new Discover Bank CD rates (as of April 14) are definitely worth looking at. Our job here at Online Banks Blog is to find you the best online banking rates and offers. Right now, some great offers are to be had at Discover.
For the short-term investor, the CD rates at Discover Bank start at 1.25% annual percentage yield (APY) for 3 month terms while certificates of deposit for six months gain 1.75% and for 9 months, 1.90% APY.
Discover CD rates for one year terms are at a special 2.35% APY as are their 18 month terms. For a two year term, you’ll get a 2.75% APY and the 3% barrier is broken at the three year term when the Discover Bank CD garners 3.10% APY.
Discover CD rates keep going up and the real show stopper is the ten year term Discover Bank CD rates which are yielding 4.0% APY. That’s over $4,800 over ten years on a $10,000 initial deposit.
All CD rates at Discover Bank are based on a $2,500 minimum deposit and all deposits are FDIC insured to the fullest extent of the law. These yields may change soon, so if any of these Discover CD rates appeal to you, get on board quickly. In our opinion, these Discover Bank CD specials are definitely worth looking into.
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