$25 Bonus On Discover Bank's 2% 12-Month CD - Nationally Available
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ON BY Ken Tumin
Discover Bank is offering another CD promotion. Open a 12-month CD, and Discover Bank will add an extra $25 to the CD. Discover Bank's current 12-month CD rate is 2.00% APY as of 8/16/09. The promotion page is located at discoverbank.com/cdoffer. Two offer codes that appear valid as of 8/16/09 include D120124 and D120126. Some of the important small print includes:
If you only deposit $2,500, the extra $25 will make the CD equivalent to a 3% CD. However, if your deposit is $25,000, this drops down to 2.1%.
I have more details about Discover Bank CDs, money market account, and their new savings account in this previous post. It should be noted that some readers have reported customer service issues. Discover Bank is still offering 2.00% APY on their new online savings account as of 8/16/09.
Discover Bank has decent ratings for safety and soundness: 3½ stars (good) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 3/31/09 financial data. Discover Bank is a member FDIC (Certificate # 5649).
Other High Certificate of Deposit Rates
- $25 offer is valid through 12/31/09
- Minimum deposit is $2,500 in new funds, and the funds must be received within 30 days of submitting application
- Offer will be applied to your Discover Bank 12-Month CD account 90 days after new funds have been received
If you only deposit $2,500, the extra $25 will make the CD equivalent to a 3% CD. However, if your deposit is $25,000, this drops down to 2.1%.
I have more details about Discover Bank CDs, money market account, and their new savings account in this previous post. It should be noted that some readers have reported customer service issues. Discover Bank is still offering 2.00% APY on their new online savings account as of 8/16/09.
Discover Bank has decent ratings for safety and soundness: 3½ stars (good) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 3/31/09 financial data. Discover Bank is a member FDIC (Certificate # 5649).
Other High Certificate of Deposit Rates