Discover Bank is offering competitive CD rates on durations from three months to five years. Current CD rates are as follows:
- 3 month CD - 0.65% APY
- 6 month CD - 0.90% APY
- 9 month CD - 1.00% APY
- 12 month CD - 1.60% APY
- 18 month CD - 1.80% APY
- 24 month CD - 2.05% APY
- 30 month CD - 2.20% APY
- 3 year CD - 2.40% APY
- 4 year CD - 2.55% APY
- 5 year CD - 3.10% APY
- 7 year CD - 3.40% APY
- 10 year CD - 3.70% APY
The minimum to open an account is $2,500. Interest from the advertised CD rates is accumulated daily and credited monthly.
Discover Bank is FDIC insured and your deposits are covered up to $250,000.
More Products to Consider
If you are planning for retirement, consider a fixed annuity fixed annuity instead of a CD. Both products earn similar interest rates right now, but with the fixed annuity, you'll get the benefit of tax deferral. Visit these articles for two competitive fixed annuities you might consider purchasing:
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