Discover Bank continues to offer a $25 bonus for opening a CD with a term of at least 12 months. The promotion page is located at discoverbank.com/cdoffer. An ad for this promo was recently published here, and it listed the offer code D120357. Some of the important small print of this offer:
- $25 offer is valid through 12/15/09
- Minimum deposit is $10,000 in new funds, and the funds must be received within 30 days of submitting application
- Limit of one offer per customer
- Offer will be applied to your Discover Bank CD account 90 days after new funds have been received
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 recently lowered the rate on its online savings account to 1.75% APY.
Discover Bank has decent ratings for safety and soundness: 3½ stars (good) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 6/30/09 financial data. Discover Bank is a member FDIC (Certificate # 5649).
Other Competitive Certificate of Deposit Rates