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Discover Bank Five-Year Certificate of Deposit at 2.95% APY
Posted by: RateAPY Bank Rates News
June 4th, 2010
Certificates of Deposit (CDs) have become a popular savings product for individuals who want the security of knowing exactly how much interest they will earn within a specific time. CDs are perfect for saving for a planned vacation or for a tuition payment deadline.
Discover Bank offers a variety of CD rates and terms, each with a minimum deposit requirement of $2,500. Interest is compounded daily and credited monthly to each CD. As with all CDs, there is a penalty for early withdrawal.
Discover Bank CD Rates and Terms as of June 2, 2010
Term/Interest Rate/APY
3-Month CD/0.65%/0.65% APY
6-Month CD/1.14%/1.15% APY
9-Month CD/1.14%/1.15% APY
12-Month CD/1.49%/1.50% APY
18-Month CD/1.59%/1.60% APY
24-Month CD/1.88%/1.90% APY
30-Month CD/2.03%/2.05% APY
3-Year CD/2.23%/2.25% APY
4-Year CD/2.42%/2.45% APY
5-Year CD/2.91%/2.95% APY
7-Year CD/3.20%/3.25% APY
10-Year CD/3.44%/3.50% APY
Comparing CD rates and terms online is the fastest way to find the highest interest rate for the for the term and minimum deposit that meets your needs.
- Posted in Bank Deals | Bank News | CD Rates | Interest Rates | Savings
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