Discover Bank 12 Month CD Rate
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
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