Discover Bank CD rates change weekly like every other company that offers certificate of deposits so this will be a page that constantly chases the rates and updates for your convenience.
What I like about Discover CDs is the company has a different rate for many different time frames, which maximizes the chances that I can get a higher rate. For example, if I want to open a 4-year CD, I will get the 3-year CD rate in other companies but Discover will give me the 4-year rate which is usually higher.
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Discover CD Rates (Updated July 2009)
As usual, CD rates are in APY.
3 Month – 1.00%
6 Month – 1.25%
9 Month – 1.50%
1 Year – 2.10%
18 Months – 2.15%
2 Years – 2.25%
3 Year – 2.75%
4 Year – 3.25%
5 Year – 3.25%
7 Year – 3.50%
10 Year – 3.75%
Discover, as we all know, is a specialty credit card company that have recently ventured into the banking space in order to help the capital ratio of its firm. The rates, especially the CD rates, aren’t bad at all as you can see.
Click Here to Open a Discover CD or Learn More about Discover Bank