Certificate of Deposit Rates as of 7/02/08
Term Disc Disc/AAA
9 months 3.59% 3.64%
12 months 3.97% 4.02%
18 months 4.13% 4.18%
24 months 4.23% 4.28%
30 months 4.39% 4.44%
36 months 4.60% 4.65%
48 months 4.81% 4.86%
60 months 5.12% 5.17%
Discover's standard rates are listed at this CD rates table. To find the AAA rates at Discover's website, start at AAA's financial services page and enter your zip code. You should then see a Discover Bank link on the right. Note, this Discover Bank AAA accounts don't seem to be available for all zip codes.
The details about Discover's CDs are listed at their CD overview page and the CD FAQs. Please refer to my previous post for a summary of the CD features.
Discover Bank's money market account yield remains the same at 3.14% APY for balances between $2,500 and $25,000.
For those who are looking for a healthy bank, Discover Bank may be a good option. It has a 4 star rating (excellent) at BauerFinancial based on 3/31/07 data. It also has a 4 star rating (sound) at Bankrate based on 12/31/07 data. Discover Bank is a member FDIC (Certificate # 5649).