Discover Bank’s penalty free 12 month CD plus $25 bonus!
October 16th, 2009 Posted in Bank Deals!, Best CD Rates
Discover Bank has a sweet 12 month CD sign-up bonus which is available until the end of 2009. Currently, when you open their 12 month CD you will not only receive a yield of 2.0% APY (national average sits at roughly 1.65% APY) but you will also be given a $25 bonus.
If you simply open this account with the minimum deposit of $2,500 and factor in the sign-up bonus this becomes a 3.0% APY 12 month CD!
The last time we saw a 3.0% yield on a 1 year CD was nearly a year ago and it almost doubles the current national average.
Here’s the math….
$25 is 1% of $2,500 (the minimum deposit required). Add this 1% to the current yield of 2.0% and you have just netted yourself a 3.0% 12 month CD!
Terms and Conditions:
- The $25 offer is valid through 12/31/2009.
- To receive the cash offer, the offer code [D120378] must be used when applying
- A minimum deposit of $2,500 in new funds must be received within 30 days of submitting an application,
- and must remain on the account for 90 days.
October 17th, 2009 at 7:21 am
Discover had a deal like this paying $50 for signing up a few months ago.
October 17th, 2009 at 9:39 am
The [D120179] offer code doesn’t work!!!!!!
October 19th, 2009 at 10:22 am
Hi Marcia,
Use the code: D120178
That should work and I changed this post to reflect the new code as well. Thanks for the heads up!
October 19th, 2009 at 4:49 pm
D120124 is code I recently used to open this 12mo CD @ 2.0% w/$25 Bonus
October 23rd, 2009 at 5:13 pm
Use this code as of Friday October 23: D120378