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

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BankFriends researched current money market rates to bring you to the best Annual Percentage Yields (APY) without having to do the work yourself. We have the top five money market rates listed here for several different deposit amounts.

If you invest less than $1,500, the top money market rates are:
(Bank, APY, Minimum Deposit)

1. Ally Bank, 1.70%, $0
2. Bank of Internet, 1.70%, $100
3. Corus Bank, 1.49%, $100
4. Amegy Bank of Texas, 1.35%, $1,000
5. Umbrella Bank, 1.35%, $1,000

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A recent review of CD rates shows a slight decrease in Annual Percentage Yield (APY) for certain CD term lengths. Most changes were seen in CDs of 18 month terms or longer. The following are rate changes for five banks with top yielding products.

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