CDs up to 4.96% at Discover Bank

Discover Bank (i.e. the bank wing of Discover Card) doesn’t have any local branches — their one and only branch is in Delaware — but since they’re headquarted in Riverwoods, I thought I’d mention their CD rates, which are pretty competitive across terms:

  • 1-year CDs: 3.76% APY
  • 18-month CDs: 4.02% APY
  • 2-year CDs: 4.23% APY
  • 30-month CDs: 4.34% APY
  • 3-year CDs: 4.44% APY
  • 4-year CDs: 4.70% APY
  • 5-year CDs: 4.96% APY

The CDs have a minimum of $2500.  They can be opened online at discoverbank.com or by calling 800-347-7000.

(Thanks to the reader who e-mailed this to me.)

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