February 12th, 2009
Discover Bank has decided to offer you some free money for opening a new CD. Their yields are pretty good and an extra $50 just makes it that much better. Below are the details. Check them out.
Current CD Rates are: 1Y at 2.75% APY, 2Y at 3.00% APY, 3.25% APY, 5Y at 3.70% APY. With a $10,000 deposit that increases your yield about 0.50%. Not bad.
Discover Bank $50 promotion
Discover Bank is offering $50 for opening a new CD account online. Between now and February 28, 2009, open a new CD account at DiscoverBank.com with a minimum of $10,000 and Discover Bank will credit your account with $50.
You must enter Offer Code D100818 on the online form in order to qualify (the above link will automatically fill it in for you). You are welcome to share this code with friends but they’ll need to either come to this site and click the link or enter the offer code on the application form in order to get the free $50.
The offer is good through February 28, 2009. To earn the cash offer, a minimum deposit of $10,000 in new funds must be received by March 15, 2009 and those funds must remain on deposit for at least 90 days. The cash offer will be credited to your Discover Bank account 4 to 6 weeks after the 90-day period. Offer limited to one per customer and not applicable for accounts opened via phone or mail.
Always check the fine print when looking at bank rates. There are a lot of good bank deals for savings, checking, and CD rates, but you must be sure to always read the fine print when signing up for accounts.
Drop me a note if you decided to partake.
-- By +Chris Duncan