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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 Certificate of Deposit Best Rates

  If you like investing your money in a certificate of deposit, perhaps you are among those individuals who are always searching for banks that offer the best certificate of deposit rates. There are so many banks offering certificate of deposits with rates they consider to be the best in the market, but it is up to you, as the depositor, to make a comparison. The key is to compare which among these banks is offering the best certificate of deposit rate.

  Investing in a certificate of deposit is a good investment strategy because certificate of deposits are safe investments. Here is why a certificate of deposit is a good way of accumulating wealth:

  • The bank will return you money anytime you need it;
  • The value of your investment is sure to never go down;
  • The money is guaranteed to earn you a decent interest income; and
  • The return of your investment is guaranteed.

  Discover Bank, for example, is offering certificate of deposits with terms from 3 months to 120 months. In its rate sheet, updated as of October 22, 2011, Discover Bank certificate of deposit best rates are as follows:

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