Discover Bank CD Rates for September 2011

Update September 22, 2011:

Below are updated Discover Bank CD Rates.

3 months  – 0.40%APY

6 months  –  0.80%APY

9 months – 0.90%APY

12 months – 1.10%APY

18 months – 1.20%APY

24 months – 1.30%APY

30 months – 1.40%APY

36 months/3 years – 1.60%

48 months/4 years – 1.75%APY

60 months/5 years – 2.15%APY

84 months/7 years – 2.25%APY

120 months/10 years – 2.50%APY

The 3 months, 6 months, 9 months and 3 years CD rates are down by 0.10%. The 12, 18, 24 and 30 months as well as the 4 and 5 years CD rates are down by 0.05%. The 7 year term CD rate is also down by 0.20%. The biggest drop is on the 10 year term CD, which dropped 0.50%.

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Discover Bank, which is a bankrate.com Top Tier Quarterly Winner in Q2 2010 for high yields, is offering yet another high yield CDs for September 2011. The offered CD rates below apply to personal accounts only for terms from 3 months to 10 years and are based on a $2,500 minimum balance. However, before we delve into Discover Bank’s CD rates, let’s check the bank’s fee schedule for CD accounts. Herein below are the fees which may be imposed by the bank to your account:

  • Both domestic and international wire transfers are FREE
  • Outgoing domestic wire is $20
  • Outgoing international wire is $40
  • If you want to request copy of your statement or check deposit item, the fee is $5
  • Returned deposit item is $15
  • Withdrawal by official bank check is $5. Note that the fee is per check.

Discover Bank CD rates are competitive and are above the national average. Please see below rate schedule of Discover Bank’s CD rates for September 211. These CD rates are effective as of September 13, 2011.

3 months  – 0.50%APY

6 months  –  0.90%APY

9 months – 1.00%APY

12 months – 1.15%APY

18 months – 1.25%APY

24 months – 1.35%APY

30 months – 1.45%APY

3 years – 1.70%APY

4 years – 1.80%APY

5 years – 2.20%APY

7 years – 2.45%APY

10 years – 3.00%APY

If you are contemplating of preparing for retirement, you may want to check Discover Bank’s IRA CD rates. Or, if you are looking for a long term IRA CD, you can check the best 7 year IRA CD rates for September 2011. Please note that these bank IRA CD rates changes often so check directly with the respective banks before account opening.

 

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