[Please note: This page is part of the Chicago CD Rates archive. Most of these deals on this page are not current and no longer available. Please check the date of the post before getting too excited and driving to a bank an hour away. If you have any doubts whether the deal is available, contact the bank or credit union. For a list of more current rates, visit our homepage.]

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.)