If you happen to live in the greater Philadelphia, PA region and are looking for a short term certificate of deposit with a yield well above the national average, then you may want to check out the 9 month CD’s from Conestoga Bank. Currently, with a minimum deposit requirement of $500, consumes can lock in a 1.20% APY from these 9 month CD’s.
Who is Conestoga Bank?
Conestoga Bank is a relatively new community bank (founded in 1987) with 14 locations throughout the Philadelphia area – and a large portion of them residing in the metropolitan area. They are currently the 61st largest bank in Pennsylvania and have a little less than 150 employees while controlling nearly $600 billion in assets – with almost $480 billion of that being made up of deposits.
Contact Conestoga Bank at ConestogaBank.com to apply. You can also find them in our database of local CD rates in the Philadelphia area to find their rates regularly listed amongst the leaders from both credit unions and community banks in PA.
Additional Short Term Deposit Offers from Philadelphia Banks and Credit Unions:
- Navy Federal Credit Union has locations in Philadelphia, PA and is still offering their “Easy Start Certificate” which provides a 3.0% yield on 12 month CD’s up to $1,000. (This deal was featured in our top deposit rates from credit unions coverage earlier this year.)
- Stonebridge Bank, based out of Warminster, PA, has a 6 month CD yielding 0.85% APY with a minimum deposit requirement of $500.
To put the certificate of deposit rates listed above in perspective, the current national average for both six month CDs and twelve month CDs sits at 0.50% and 0.80% APY, respectively.