Did you know that Discover Bank is well thought of for their credit card and online savings options, but did you know that Discover Bank offers Certificate of Deposits (CDs) with some of the highest and most competitive rates today? Opening a Discover Bank Certificate of Deposit Account is extremely quick and easy. Start today with a minimum deposit of $2,500! Available online nationwide! Below is all the information and details you need to open your Discover Bank 120-Month Certificate of Deposit Account to earn 2.50% APY on your 120-month term CD!
There really is no comparison when it comes to investing your savings securely with Discover.
Editor’s Note: Seeking a shorter or longer term with Discover? See our compiled list of Discover Bank Certificate of Deposit Account Terms.
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Discover Bank 120-Month Certificate of Deposit Account Summary
To earn 2.50% APY on a 120-month term CD, simply open Discover Bank 120-Month Certificate of Deposit Account. Get started in just a matter of minutes. CDs features include high interest rates, 24/7 Live Customer Service, Online Account Management, and FDIC Deposit Insurance up to $250,000 per individual account holder (FDIC certificate 5649).
- Rate Offer: Earn 2.50% APY on a 120-month term CD
- Availability: Nationwide
- Expiration: None listed
- Credit Inquiry: Soft Pull
- Credit Funding: None
- Opening Deposit Requirement: $2,500 minimum
- Direct Deposit Requirement: None
- Monthly Service Fee: None
- Early Termination Fees: None
- Promo Code(s): None
Discover Bank 120-Month Certificate of Deposit Account: Definitely consider opening a CD online with Discover Bank to receive the highest return rate compared to other bank’s CD rate offers. Apply today and start earning 2.50% APY on a 120-month term CD.
If you are interested in more Discover Bank Deals, Bonuses, and Promotions, see our compiled list of Discover Bank Deals here.
Earn 2.50% APY on a 120-month term by:
- Visit Discover Bank online and opening a new Discover Bank Certificate of Deposit Account.
- Enter your info: Provide your address, phone, email and social security number
- Fund your account: Make a minimum opening deposit of $2,500. You can send them a check or transfer funds from an existing bank account.
- Verify Information: Verify information and electronically sign your application.
- Confirmation Email: They’ll send a confirmation email, then watch the mail for your Welcome Kit.
Discover Bank Contact Information
Since Discover Bank is all online-based, it provides customers with 24/7 customer service, easy to navigate, useful financial calculators an tools, along with money management tips and advice.
- Customer service: 1-800-347-7000
- Bank website: http://www.discoverbank.com/
- Headquarters: 502 E. Market Street, Greenwood, DE 19950
Avoid Monthly Fees
There are no monthly fees involved with this Discover Bank Certificate of Deposit Account.
This Discover Bank 120-Month Certificate of Deposit Account offers a distinguishable rate in comparison to the local banks we are all familiar with. I personally invest my money in Discover CDs and the return I get is a significantly higher than the local banks I used to invest in. Do you know of a better CD rate elsewhere? If so, let us know! Let us know about your thoughts and experience with Discover Bank in the comment section below. Be sure to check back on BankDealGuy for more bank deals and the best CD Rate Offers!