Author: Cindy Lewis on August 15, 2008 - modified on August 18, 2017
Discover Bank raised the rates on its 60 Month (5 Year) and 48 Month (4 Year) Certificates of Deposit.
Discover Bank has been aggressively raising rates lately and recently raised the rates on its 5 Year and 4 Year CDs.
Its 5-Year CD is now paying 5.28% APY and its 4-Year is paying 5.02% APY. It also offers one of the top 2-Year CD rates at 4.41% APY and one of the top 3-Year CD rates at 4.81% APY.
There is a minimum balance of $2,500 to open a CD.
For more, visit the BestCashCow Discover Bank Page.
| Bank | Product Term | Interest Rate (APY) |
|---|---|---|
| Capital One 360 | 1-Year | 4.05% APY with no minimum |
| Total Bank, a division of City National Bank of Florida | 1-Year | 4.00% APY with $25,000 minimum |
| Transportation Alliance Bank, Inc. d/b/a TAB Bank | 1-Year | 3.98% APY with $1,000 minimum |
| Prime Alliance Bank | 3-Year | 4.00% APY with $500 minimum |
| Sallie Mae Bank | 3-Year | 3.90% APY with $2,500 minimum |
| Virtualbank, a division of First Horizon Bank | 3-Year | 3.77% APY with $10,000 minimum |
| Sallie Mae Bank | 5-Year | 4.00% APY with $2,500 minimum |
| Goldman Sachs Bank | 5-Year | 3.90% APY with $500 minimum |
| M.Y. Safra Bank | 5-Year | 3.80% APY with $500 minimum |
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