Some of the highest CD rates can be found at Discover Bank. Whether your looking for a short term investment or a long term investment Discover Bank has certificates of deposits will terms as short as 3 months and as long as 10 years with some of the best CD rates.
Discover Bank’s 12 month bank CD rates 1.19 percent with an APY of 1.20 percent. Most 12 month CD rates at banks and CD rates at credit unions are less than Discover’s 12 month rate. Many banks offer lower CD rates, probably around half the rate.
Speaking of CD rates half the rate of 1.19 percent, Discover’s 3 month bank CD rates are at 0.55 percent with an APY of 0.55 percent. Bank of America offers a 3 month rate that will well below Discover’s 3 month CD interest rate. You’ll have a hard time finding higher CD rates.
A little longer term certificate of deposit, 6 month bank CD rates are 0.90 percent with an APY of 0.90 percent. That rate is a very high CD rate right now for a 6 month certificate of deposit.
Highest CD Rates Discover Bank
3 Months Rate 0.55% Yield 0.55%
6 Months Rate 0.90% Yield 0.90%
9 Months Rate 1.00% Yield 1.00%
12 Months Rate 1.19% Yield 1.20%
18 Months Rate 1.29% Yield 1.30%
24 Months Rate 1.39% Yield 1.40%
30 Months Rate 1.49% Yield 1.50%
3 Years Rate 1.73% Yield 1.75%
4 Years Rate 1.98% 2.00%
5 Years Rate 2.27% Yield 2.30%
7 Years Rate 2.57% Yield 2.60%
10 Years Rate 2.96% Yield 3.00%
Author: