Back to Bank and Credit Union Reviews
Reply
Sunday, June 20, 2010 - 9:36 AM

Online Opening Long Term Cds With Discover Bank

Discover Bank (5 stars)
October 2008.  I opened more than one.  It was straight forward and efficient.  I think I had to sign some forms via snail mail, but it did not hold up the process at all.  The start date for the CDs was the moment I was online.  I believe I had the money PULLED from one of the, then, high interest savings accounts. 

I have had a few questions over time, that I handled via the logged in messaging method.  That has been problem free.

My only drawback:  I am a Discover customer in four ways... 

-(2 logins) separate credit card accounts

-(1 login)multiple CDs

-(1 login)Savings customer (thanks to E-trade)

...and I have to have completely separate logins for these.  They are not connected.  Cannot be connected.  I've asked.  Not available.

I've still got a long wait before the CDs mature (unless DISCOVER is taken over/bought/bailed out, etc), so I am unable to comment on how easy it is to handle the money at maturity.  I hope it is problem free. 

So far, so good.
3
MikeMike276 posts since
Feb 22, 2010
Rep Points: 704
Reply