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• 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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• Best IRA CD Rate March 2011

  An Individual Retirement Account (IRA) is a tax free investment. It is a good retirement strategy if you stash away even a few hundred dollars each month and invest it in an IRA CD. Many banks, brokerage and even insurance companies are offering this type of investment. However finding which bank offers the best IRA CD rate is time consuming. We have provided the best IRA CD rate for March 2011 below for reference. The IRA CD rate only applies to a 12 month IRA.

  • Transportation Alliance Bank offers 1.26%APY. Minimum amount to open is $1,000.
  • Nationwide Bank offers 1.25%APY. Minimum amount to open is $500.

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• State Farm Bank IRA CD Rates December 2009

  State Farm Bank IRA CD Rates for December 2009 are down.  State Farm IRA CD rates during the last four to five months showed a continuing decline though very minimal. At the very least the difference is just about $0.10 to $0.15 more or less.

  According to its December 2009 rate sheet, State Farm Bank IRA CD rates are as follows:

  For less than $100,000 deposits, the APYs are:

  • 1 year – 1.14%APY
  • 2 years – 1.42%APY
  • 3 years – 1.68%APY
  • 4 years – 1.78%APY
  • 5 years – 2.80%APY

  Deposits with over $100,000, earn the following APYs:

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