Quantcast Discover Bank 12 Month CD Rate @ Compare Highest CD Rates @ Best CD Rates - CD Rate Table, Bank CD Reviews

Find Certificate of Deposit - CD Rates in Your Area

CD Type
Zip Code
 

This is an old post - click for current rates

12 month cd rateDiscover Bank is offering a 12 month CD Rate of 3.70% with an annual percentage yield of 3.76%. The minimum deposit on the 12 month certificate of deposit and all CDs at Discover Bank is $2,500.  All deposits are temporarily insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per account. The new FDIC limits were raised, from $100,000 to $250,000, on October 3rd, 2008 to help ease run on banks. The new limits will be in place until December 31st, 2009.

As with all CD accounts there is an early withdrawal penalty, the penalty for a certificate of deposit with a term of 1 year to 5 years is 6 months of simple interest, so be sure you won’t need access to your funds if you decide to invest in a 1 year CD.

What is simple interest? Interest that is calculated on a sum that does not include previous interest earnings.

Discover Bank Certificate of Deposit Application

 
Author: Lisa Graham
December 6th, 2008
Posted in: CD Rates

MBR In the Press

Twitter


Powered by CD Rates @ MBR
 
Get this Free Widget for Your Website


Powered by Mortgage Rates @ MBR
 
Get this Free Widget for Your Website


Bank Review Archives

Bank Reviews & Deals
Best CD Rates
Online Savings Accounts
Online Checking Accounts
Best Credit Cards
Personal Finance
Mortgages
Insurance
Auto Loans

Certificate of Deposit Calculators

CD Ladder Calculator
Certificate of Deposit Calculator

Mortgage Calculators

Mortgage Calculator

Debt Calculators

Debt Consolidation Calculator
Credit Card Payoff Calculator