RateAPY

Discover Bank’s 5-Year Jumbo CD at 3.40% APY

Posted by: RateAPY Bank Rates News
November 2nd, 2009

Finding the right balance of risk and return challenges every investor in every market, but during volatile economic times, many savers choose to compare interest rates on certificates of deposit (CDs). Like savings accounts, CD principal is protected, and CDs offer slightly higher rates than savings accounts.

Check Rates and Terms

When comparing CD interest rates, consumers need to also evaluate the length of the CD term.

All of Discover Bank’s CDs are FDIC-insured up to $250,000 per person through 2013, with interest compounded daily to maximize returns. Savers with $2,500 or more to invest in a CD can take advantage of the higher interest rates listed below.

Discover Bank CD Rates

The following are CD products offered by Discover Bank, along with their interest rates and APY:

• 3-month CD: 1.00% (1.00% APY)
• 6-month CD: 1.35% (1.35% APY)
• 9-month CD: 1.49% (1.50% APY)
• 1-year CD: 1.99% (2.00% APY)
• 1.5-year CD: 2.03% (2.05% APY)
• 2-year CD: 2.33% (2.35% APY)
• 3-year CD: 2.72% (2.75% APY)
• 4-year CD: 2.91% (2.95% APY)
• 5-year CD: 3.35% (3.40% APY)
• 7-year CD: 3.49% (3.55% APY)