Discover Bank IRA CD Rates

Discover Bank offers competitive IRA CD rates applicable to personal accounts of interested customers only. A minimum deposit of $2,500 is required to avail of the banks’ IRA CD rates. Interested customers can choose terms of 3 months to 10 years with 10 year IRA CD rate being the highest at 4.00%APY.

Incoming domestic wire and international wire are free however there is an outgoing domestic wire fee of $20 and outgoing international wire fee of $40.

Update: Discover Bank IRA CD rates effective June 9, 2009

  • 3 months – 1.25%APY
  • 6 months – 1.70%APY
  • 9 months – 1.85%APY
  • 12 months – 2.30%APY
  • 18 months – 2.45%APY
  • 24 months and 30 months – 2.80%APY
  • 3 years – 3.10%APY
  • 4 years – 3.25%APY
  • 5 years – 3.50%APY
  • 7 years – 3.75%APY

Update February 16, 2010:  According to its rate chart, Discover Bank IRA CD rates as of February 16, 2010 are as follows:

  • 3 months – 0.75%APY
  • 6 months – 1.00%APY
  • 9 months – 1.10%APY
  • 12 months – 1.70%APY
  • 18 months – 1.80%APY
  • 24 months – 2.15%APY
  • 30 months – 2.20%APY
  • 3 years – 2.50%APY
  • 4 years – 2.65%APY
  • 5 years – 3.20%APY
  • 7 years – 3.40%APY
  • 10 years – 3.70%APY

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