Discover Bank offering a 2.35% 12 Month High Yield CD

Submitted by theStockMasters... on Sat, 05/09/2009 - 15:44

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High Yield CD News

Discover Bank is offering a 2.35% APY 12 Month High Yield CD but you'll need at least $2,500 to start an account. Of course you can get a 4% APY if you lock away your money with them for 10 years.

Here's the link to Discover Bank's CD - Click Here. Discover Bank Money Market Account, CD and IRA Rates - Money Market Accounts, Maximum liquidity at competitive rates As of May 05, 2009

Account Balance	Interest Rate	APY¹
$2,500 to $4,999	1.74	1.75
$5,000 to $9,999	1.74	1.75
$10,000 to $24,999	1.74	1.75
$25,000 to $49,999	1.99	2.00
$50,000 to $99,999	1.99	2.00
$100,000 plus	1.99	2.00

CD and IRA AccountsLock in a great rate and leave uncertainty behind, As of May 05, 2009

Term	Interest Rate	APY²
3 Months	1.25	1.25
6 Months	1.74	1.75
9 Months	1.89	1.90
12 Months	2.33	2.35
18 Months	2.47	2.50
24 Months	2.72	2.75
30 Months	2.72	2.75
3 Years	3.16	3.20
4 Years	3.25	3.30
5 Years	3.64	3.70
7 Years	3.64	3.70
10 Years	3.93	4.00

If you aren't impressed by Discover Bank's offer, check out our sponsors for the most current CD deals (or ads on left margin):

As usual the Masters are always on the hunt for CD bargains, and when we find one that is worth your attention, or is so bad we have to make fun of it, you can bet we are all over it.

Investing in High Yield CDs (Certificates of Deposit) may not sound that exciting, but knowing all your investment options is key to becoming a successful investor, and in this market, locking your money away for 3, 6, 9, or 12 Months can provide you peace of mind - Click Here to Review our CD Articles.

Happy Safe Investing.