RateAPY

Discover Bank 5-year CD pays 2.35 percent APY

Posted by: RateAPY Bank Rates News
July 25th, 2011

While a savings account or money market account might be the better choice if you need access to your funds, a certificate of deposit (CD) can be a great way to safely earn a high interest rate for a specific timeframe.

Discover Bank offers a variety of accounts and terms, each requiring a minimum deposit of $2,500. Customers have the option of transferring interest payments to another account or accumulating the interest in the Discover CD. All accounts are FDIC insured to the limit of $250,000. As with all CDs, early withdrawal penalties apply.

Discover Bank CD rates

Term / APY

6 months CD / 0.90%

9 months CD / 1.00%

12 months CD / 1.20%

18 months CD / 1.30%

24 months CD / 1.40%

30 months CD / 1.50%

3 years CD / 1.75%

4 years CD / 2.00%

5 years CD / 2.35%

7 years CD / 2.60%

10 years CD / 3.00%

Compare CD rates and terms online to find the account that best meets your needs.