Discover Bank Offers Penalty-Free Withdrawals to 12-Month CD Account Holders Who Become Unemployed
30 Giugno 2009 - 2:04PM
Business Wire
As part of a continuous effort to respond to the needs of
savings-conscious consumers who need some peace of mind during
these times of economic uncertainty, Discover Bank will allow
penalty-free early withdrawals from 12-month certificates of
deposit for new and renewing account holders who lose their
jobs.
Discover CD rates consistently beat the national average and
interest is compounded daily. Discover Bank is making this
penalty-free offer on its most popular 12-month CD term at the same
rate at which it would normally offer any CD for the same term.
Accounts are FDIC-insured, and banking specialists are available by
telephone 24 hours a day.
�If you're trying to make some headway by investing in your
future, we don't want the fear of an unforeseen job loss to keep
you from enjoying the higher interest rates our 12-month CDs
offer,� said Steve Olszewski, vice president of deposit products at
Discover Bank. �In these days when unemployment is at a 25-year
high, our customers can be confident that they can access their
money if they need it without paying penalties.�
To be eligible, account holders must open or renew a 12-month CD
with a minimum $2,500 balance between July 1 and Dec. 31, 2009. If
the account holder involuntarily loses his or her job during the
term of the CD, they will be allowed to make a partial withdrawal
of the funds or close the account with a full return of their
principal and any credited interest with no penalties. The program
also applies to self-employed people under certain
circumstances.
For more information or to open a penalty-free 12-month CD call
1-800-347-7000 or go online to www.discoverbank.com/12monthcd.
Discover Bank also offers CDs with terms from three months to 10
years with some of the consistently highest interest rates in the
industry. In addition to CDs, Discover offers Money Market accounts
and IRA CDs. Discover Bank deposit accounts can be opened over the
phone at 1-800-847-7000 or at www.discoverbank.com.
About Discover Bank
Discover Bank is one of the 100 largest banks in the United
States and an affiliate of Discover Financial Services (NYSE: DFS).
Discover Bank offers certificates of deposit, money market deposit
accounts and other consumer financial products and services.
Founded in 1911, Discover Bank is FDIC-insured and chartered under
the laws of the State of Delaware. The bank maintains a branch in
Greenwood, Delaware, with deposit, finance and credit card
operations in New Castle, Delaware. For more information, visit
www.discoverbank.com.
Grafico Azioni Discover Financial Servi... (NYSE:DFS)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni Discover Financial Servi... (NYSE:DFS)
Storico
Da Ott 2023 a Ott 2024