With Discover Bank running a bank bonus promotion that adds $25.00 to new CD accounts with terms of 12 months or longer, reviewing the current Discover Bank CD rates seems appropriate. For more information on the Discover CD bank bonus please see Bank Deals section. The bank CD bonus is for a limited time and is due to expire at October 31, 2010.

Discover Bank continues to off very competitive bank CD rates throughout the year. The CD interest rates may not always be the highest CD rates but they are often among the top ten best CD rates available nationally. More importantly, Discover Bank CD rates are consistently among the top ten highest rates in the nation across a wide assortment of terms or maturities.

Discover Bank offers certificates of deposit accounts with terms running from 3 months to 10 years. CD interest paid on these accounts is compounded daily. Earned interest in the bank CD account can remain on the account or be transferred to another bank account. All Discover Bank CDs are FDIC insured up to the FDIC limits.

Current CD rates offered by Discover Bank include the following rates and terms:

Three month Discover Bank CD rate is 0.70 percent.
Six month Discover CD rate is 1.00 percent.
Nine month CD interest rate 1.10 percent.
One year CD rate is 1.35 percent.
18 month bank CD interest rate 1.50 percent.
Two year CD rate is 1.75 percent.
30 months Discover CD rate 1.85 percent.
Three year Discover Bank CD rate is 2.00 percent.
Four year CD interest rate is at 2.25 percent.
Five year CD rate is 2.75 percent.
Seven year bank CD rate is 2.90 percent.
Ten year bank rate is 3.00 percent.

All listed bank CD rates are fixed rate and fixed term accounts. A penalty may be charged for early withdrawal from the bank CD accounts listed. Fees could reduce earnings on the account. All advertised rates shown believed to be accurate but are not guaranteed. Bank CD Rates are verified as of October 12, 2010. Bank CD interest rates might change at any time by the bank without notice.

Discover Bank is part of Discover Financial Services which is best known for its portfolio of credit cards. Discover Bank offers certificates of deposit, online savings accounts, bank money market accounts as well as bank IRA CDs. Compare the savings account rates of Discover at best online savings account as well as CD rates to other bank’s rates by CD term at three month CD rates, six month CD rates, one year CD rates, two year CD rates and five year CD rates, so you can find the highest bank rates available. For more on Discover Bank IRA CD rates please see IRA CD rates.

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