RateAPY

Discover Bank’s 5-Year CD at 3.35% APY

Posted by: RateAPY Bank Rates News
December 1st, 2009

The gift of guaranteed returns comes with every investment in a certificate of deposit (CD), but consumers should carefully compare rates and terms to find the best deal for their needs.

Besides checking the interest rate on a CD, investors should make sure the interest is compounded daily and compare bank deals to find out which offers the best rate for the term you need.

Discover Bank’s 5-year CD is currently at 3.35% APY. This bank allows accumulated interest to remain in your CD or to be transferred to another account.

Discover Bank’s CD Rates

Each of the following accounts is FDIC-insured and requires a minimum balance of $2,500 to earn the APY.

• 3-month CD: 0.75% (0.75% APY)
• 6-month CD: 1.00% (1.00% APY)
• 9-month CD: 1.24% (1.25% APY)
• 1-year CD: 1.88% (1.90% APY)
• 1.5-year CD: 1.93% (1.95% APY)
• 2-year CD: 2.23% (2.25% APY)
• 2.5-year CD: 2.23% (2.25% APY)
• 3-year CD: 2.57% (2.60% APY)
• 4-year CD: 2.71% (2.75% APY)
• 5-year CD: 3.30% (3.35% APY)
• 7-year CD: 3.39% (3.45% APY)