bank rates

Discover Captures Lead In 2-Year CD Rates

It’s been a long time since Discover Bank led any of our rankings of the best CD rates.

The unrelenting churn we have seen in 2-year certificates of deposit the past couple of months has finally pushed the online bank owned by the credit card company to top of those rankings.But the unrelenting churn we’ve seen in 2-year certificates of deposit the past couple of months has finally pushed the online bank owned by the credit card company to top of those rankings.

It’s paying 1.80% APY with a minimum deposit is $2,500.

That’s down from 1.95% APY at the start of September, and 2.05% APY at the first of August, when NewDominion Bank offered the best deals.

The next best nationally available 24-month CD rates are:

1.79% APY with a $1,000 minimum deposit from Bank of Internet, an online bank based in San Diego.

1.78% APY with a minimum deposit of $3,000 from NewDominion Bank, with branches in Charlotte and Mooresville, N.C.

1.76% APY with a $5,000 minimum deposit from Melrose Credit Union in Queens, N.Y. Its open charter allows any U.S. resident to join for $1, no matter where they live or work.

All of these banks allow savers across the country to buy CDs over the Internet.

Click here to compare these deals with the best CD rates from dozens of other banks in our database.

Don't miss out on the next bank deal. Get the newest deals delivered straight to your inbox!

Comments (2)
1 Star2 Stars3 Stars4 Stars5 Stars (3 votes, average: 5.00 out of 5)
Loading...
2 Existing Comments
  1. DealMaven said:
    on September 16th at 10:30 am

    We’ve done our usual digging this morning and all of the returns on the CD Rates Leaderboard For September 15 are still good.

  2. CrankySaver said:
    on September 16th at 10:40 am

    The ability to deduct the interest you pay on your home loan has long been portrayed as one of the two, great middle-class tax breaks. (The other is tax-deferred retirement accounts.) But why should Washington subsidize the cost of buying and owning a home? When you take a closer look at the mortgage deduction you find that it’s just as unfair as most tax breaks, with most of the benefits not really helping the middle class. Let’s ditch it. Click here to read this and all of the other new posts on our Personal Finance Blog, which you can always reach with the “Finance” tab at the top of every page.