Discover Bank CD Rates

Discover Bank, the banking division of the credit card company Discover, is advertising some of the best CD rates available these days. The bank has certificate of deposit terms ranging from 3 months to 10 years. The minimum deposit to open a certificate of deposit at Discover Bank is $2,500.In addition to regular certificates of deposit Discover Bank is also offering a 12 month Penalty-free CD with a current annual percentage yield of 1.84%. If you lose your job involuntary you can withdraw the principal and any interest earned penalty free.This penalty free deal is only for 12 month certificates of deposit and 12-month IRA certificates of deposit. If you're interested in the Penalty-free CD you better hurry because you have to open a CD account before December 31, 2009.

Discover Bank CD rates and CD yields

• 3 Months 0.75% 0.75%
• 6 Months 1.00% 1.00%
• 9 Months 1.20% 1.20%
• 12 Months 1.84% 1.85%
• 18 Months 1.88% 1.90%
• 24 Months 2.23% 2.25%
• 30 Months 2.23% 2.25%
• 3 Years 2.57% 2.60%
• 4 Years 2.81% 2.85%
• 5 Years 3.25% 3.30%
• 7 Years 3.39% 3.45%
• 10 Years 3.63% 3.70%

Find certificate of deposit rates in your zip code by using our CD rate tables.