Discover Bank IRA CD Rate March 2011

Discover Bank recently updated its IRA CD rate sheet. The bank’s highest IRA CD rate offer is a 10 year term IRA CD at 3.00% APY.

The following IRA CD rates are effective as of March 8, 2011. Please note that this offer applies to personal accounts only. IRA CD rate is based on a $2,500 minimum balance and applies to a 10-year term.

Term Interest Rate APY6
3 Months 0.55% 0.55%
6 Months 0.90% 0.90%
9 Months 1.00% 1.00%
12 Months 1.19% 1.20%
18 Months 1.29% 1.30%
24 Months 1.39% 1.40%
30 Months 1.49% 1.50%
3 Years 1.73% 1.75%
4 Years 1.98% 2.00%
5 Years 2.27% 2.30%
7 Years 2.57% 2.60%
10 Years 2.96% 3.00%

For comparison, please check Discover Bank’s February 2011 IRA CD rates.

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