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• Discover Bank Certificate of Deposit Rates for January 2012

  Below are Discover Bank Certificate of Deposit rates effective January 25, 2012. If you are looking for a better certificate of deposit rates, check this out. You may find that this is the best certificate of deposit rate offered around.

  Certificate of Deposit                    APY                                  APY Change

  3 months                                         0.40%

  6 months                                         0.75%

  9 months                                         0.80%                                 (0.05%)

  12 months                                      1.00%

  18 months                                      1.05%                                   (0.05%)

  24 months                                      1.15%                                    (0.05%)

  30 months                                      1.20%                                   (0.05%)

  36 months                                      1.35%                                    (0.05%)

  48 months                                      1.55%                                    (0.05%)

  60 months                                      1.75%                                   (0.05%)

  84 months                                      2.00%                                   (0.05%)

  120 months                                    2.45%                                   (0.05%)

  All other rates remain the same. However, you can make a comparison by comparing the above certificate of deposit rates with what was being offered by Discover Bank in December 2011. Discover Bank 12 month certificate of deposit rate ranked 3rd in the highest certificate of deposit rates for January.

  Discover Bank has a five (5) star or superior rating according to bankrate.com’s Safe and Sound Rating System for commercial banks, savings institutions and credit unions.

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• Highest 12 month certificate of deposit rates for January 2012

  If you are looking for a short term certificate of deposit say, 12 months, below are the financial institutions offering the highest certificate of deposit rates for January 2012.

  1. Alliant Credit Union 12 month CD – 1.00%APY with $1,000 minimum required to open

  2. First Internet Bank 12 month CD – 1.00%APY. Also $1,000 minimum required to open

  3. Discover Bank 12 month CD accounts – 1.00%APY. Discover Bank requires a higher minimum amount to open the CD account of $2,500. You can view previous months certificate of deposit rates of the bank here.

  4. GoldWater Bank 12 month CD – 1.00%APY. Requires a much higher amount of $5,000 minimum to open

  The rest of the certificate of deposit rates offered are way below 1.00%APY.

  For example, Ally Bank offers 0.99%APY for a 12 month CD, but it has no minimum balance requirement. Ally Bank also offers a No Penalty CD, an 11 month term CD, with no minimum amount required to open at a rate of 0.91%APY. Please note that Ally Bank is an online bank and is ideal only for those who are comfortable banking online.

  You can compare the above certificate of deposit rates with what was offered in November 2011.

   

   

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• Discover Bank IRA CD Rates December 2011

  Discover updated its bank IRA CD rates effective December 1, 2011. The IRA CD terms are 3 months and up to 10 years. Whatever IRA CD term you feel is right for you, Discover has it. You can compare the current IRA CD rates of Discover from its previous offer for the past six months.

  Here are the current IRA CD rates offer of Discover Bank:

  • 3 months – 0.40%APY
  • 6 months – 0.75%APY
  • 9 months – 0.85%APY
  • 12 months – 1.00%APY
  • 18 months – 1.10%APY
  • 24 months – 1.20%APY
  • 30 months – 1.30%APY
  • 3 years – 1.45%APY
  • 4 years – 1.65%APY
  • 5 years – 1.90%APY
  • 7 years – 2.10%APY
  • 10 years – 2.50%APY

  The above IRA CD rates offer applies to personal accounts only and are based on a $2,500 minimum balance. Thus, not applicable for business accounts and for account balances that falls below the minimum balance requirement. Also, if you make an early withdrawal, you  may be charged a penalty. The above rates may change daily so it’s best to check back more often for updates.

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