Best CD Rates in Philadelphia, PA: Top 3
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Below are the highest yielding CD (certificate of deposit) rates available to the residents of Philadelphia, Pennsylvania. These come in the form of 6 month CDs, 12 month CDs and 24 month CDs. After sorting through dozens of rate pages by local community banks and credit unions serving the city of Philadelphia as well as the state of Pennsylvania, we found that for the most part, you will be able to receive slightly better rates with national institutions than with local ones.
Keep in mind interest rates are time-sensitive in nature, so you will want to refer to the date of this article for accuracy. To get the most CD current rates from national banks, compare CD rates nationwide.
How did we compile this list? As you are probably aware, higher CD rates tend to accompany longer maturities and since we did not want to strictly list long maturity CD’s we decided to list the deposit rates which beat the national average by the highest margins.
Best 6 month CD rates in Philadelphia, Pennsylvania:
- Harleysville National Bank and Trust Company has a 6 month CD yielding 1.90% APY with a minimum deposit of $500 required. They have locations throughout PA and atleast one location (either branch or ATM) in Philadelphia.
- Philadelphia Federal Credit Union has a 6 month CD yielding 1.90% APY with a minimum deposit of $10,000 required. They are headquartered in Philadelphia.
- American Heritage Federal Credit Union has a 6 month CD yielding 1.80% APY with a minimum deposit of only $1000 required. They have locations in Philadelphia and Horsham, PA.
Best 12 month CD rates in Philadelphia, Pennsylvania:
- Freedom Credit Union has a 12 month CD yielding 2.05% APY with a minimum deposit of $500 required. They have locations throughout PA.
- Police and Fire Federal Credit Union has a 12 month CD yielding 2.0% APY with minimum deposit of $500. They have locations in Philadelphia and Elkins Park, PA.
- Republic First Bank has a 12 month CD yielding 2.0% APY with a minimum deposit of $500 required. They have locations in Philadelphia and Abington, PA.
Best 24 month CD rates in Philadelphia, Pennsylvania:
- Police and Fire Federal Credit Union also has a 24 month CD yielding 2.50% APY with a minimum deposit of $500. This credit union is fairly strict with it’s membership eligibility but has several locations throughout the state.
- American Heritage Federal Credit Union has a 24 month CD yielding 2.40% APY with a minimum deposit of $500 required. They have locations in Philadelphia and Horsham, PA.
- Huntington Valley Bank has a 27 month CD yielding 2.35% APY with a minimum deposit of $500 required. They have locations in Philadelphia and Huntington Valley.
