NOVA Bank CD rates and review
Philadelphia based NOVA Bank has several branch locations throughout Pennsylvania as well as two branches in New Jersey (Deptford and Woodbury Heights). They operate as a Pennsylvania state-chartered savings bank and are subject to regulations imposed by the Pennsylvania Department of Banking and by the Federal Deposit Insurance Corporations (the “FDIC”). NOVA Bank has operated as a community banking institution for more than 120 years and provides a wide-range of financial products and services to the greater Philadelphia region. Through various delivery points, NOVA Bank offers personal banking services, business banking services, financial planning, and wealth management services. These services are offered directly through NOVA’s subsidiary NOVA Financial Services, Inc. and through NOVA affiliate partners.
Within the personal banking services sector they provide money market accounts, checking accounts, certificates of deposit and interest checking accounts. They typically offer above average rates on their deposits and are frequently noted in BankVibe’s top CD rates charts.
NOVA Bank CD Rates (as of June 1, 2010):
- 3 month CD rate yielding 0.75% APY with minimum deposit of $500 required.
- 6 month CD rate yielding 1.20% APY with minimum deposit of $500 required.
- 12 month CD rate yielding 1.50% APY with minimum deposit of $500 required.
- 18 month CD rate yielding 1.75% APY with minimum deposit of $500 required.
- 2 year CD rate yielding 1.95% APY with minimum deposit of $500 required.
- 3 year CD rate yielding 2.30% APY with minimum deposit of $500 required.
- 4 year CD rate yielding 2.55% APY with minimum deposit of $500 required.
- 5 month CD rate yielding 2.85% APY with minimum deposit of $500 required.
Terms and Conditions:
-Rates are subject to change at any time. APY accurate as of Wednesday, May 19, 2010. Minimum balance to open and obtain the stated APY is $500.00. Fees could reduce earnings. There is a substantial penalty for early withdrawal. These rates apply only to accounts opened at NOVA Bank business centers providing account opening services to the following counties: Chester, Delaware, Montgomery and Philadelphia Counties in Pennsylvania AND Gloucester and Camden Counties in New Jersey. Please call 1-877-NOVABANK for rates available in other counties or out of state.
