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Discover Bank CD

Discover Bank CD is also an important financial product offered by the bank. Apart from the money market, CD offers good interest rates and APY. These Certificates of Deposit accounts are FDIC insured and provide extra guaranty for your financial stability.

You can open the account via online or by phone at 1-800-347-7000. In addition the registered customers can also login into their account to manage and access the account information and many more.

Discover Bank CD Rates

One can say that the Discover Bank offers CDs with attractive and competitive rates. A minimum of 0.60% APY and same interest rate for a term of 3 months and the interest rate of 2.96% and 3.00% APY at the maximum for 10 years are available with the CDs offered by the bank. The following is the details of the CD rates available on the bank website as of 9th November 2010.
Term Interest Rate APY
3 Months 0.60% 0.60%
6 Months 1.00% 1.00%
9 Months 1.09% 1.10%
12 Months 1.34% 1.35%
18 Months 1.39% 1.40%
24 Months 1.64% 1.65%
30 Months 1.73% 1.75%
3 Years 1.88% 1.90%
4 Years 2.13% 2.15%
5 Years 2.57% 2.60%
7 Years 2.71% 2.75%
10 Years 2.96% 3.00%

Additionally you can visit the following link for latest information and reviews on the updated CD rates and the rating system.

Discover Bank CD IRA

Discover Bank IRA CDs are basically retirement savings account which offers great interest rates as well as the attractive APY. The following types of IRAs are available in Discover Bank.

1. Traditional
2. Roth
3. Rollover
4. Transfer

Amongst the IRAs mentioned above the first two i.e. Traditional and Roth are the best option for those who expect lower and higher tax rate respectively. These IRA CDs are available with a variety of terms, interest rates and APY. The bank offers such IRAs for a minimum term of 3 months and 10 years at maximum. The details of terms, rates and APY of IRAs are available at the following link.

In addition one can use the online calculator to calculate the retirement savings on every IRAs (individual retirement accounts) offered by the bank. The following link will show you the page of IRA CD calculator.

Moreover there is no early withdrawal penalty on every withdrawal made within nine days after the maturity of your IRA accounts.

For further information on Discover Bank CDs, offer code, promotion and bonus, you can refer the FAQs available on website given below.



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