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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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• 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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• Best Bank 12 month CD Rate for November 2011

  If you are serious about building your IRA CD or CD portfolio, you  may have been searching the net all the while only to find out your efforts are going to waste. Finding the best IRA CD rate or the best CD rate can be time consuming, unless you are loyal to your bank to which you will just accept any IRA CD rate or CD rate offer they may have.  However, if you are someone that will never settle for the second best, then you have come to the right place.  Check and compare with the best IRA CD rates for October 2011.

  For November 2011, the best IRA CD rate or the best CD rate comes from banks who offer online banking.

  Here are the banks that offer the best 12 month IRA CD rate or the best 12 month CD rate offer for November 2011:

  • MidFirst Direct High Yield Online CD at 1.10%APY. The rate applies to CDs opened online. The rate structure is fixed and interest is compounded daily. The bank requires $1,000 minimum amount to open, but note that there is a penalty for early withdrawal. MidFirst Direct also offers a 6 month high yield online CD at0.90%APY with $1,000 minimum requirement.

  • Ascencia, a division of PBI Bank, CD at 1.04%APY. $500 minimum is required to open. Interest for this CD is fixed and compounded monthly.

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