5% Special Savings Account at a Pennsylvania Bank

Nittany Bank is offering a type of savings account called the Nittany Investors Fund that has an APY of 5.00% for balances over $20K. Balances under $20K earn 1% APY. There are no monthly fees. This is a little different than the typical savings or money market account in that only one free withdrawal per statement cycle can be made. There's a $30 charge for each additional withdrawal. It also has the typical limit of 6 preauthorized withdrawals per statement cycle.

I did a post on Nittany Bank back in April about their Prime Rate Indexed certificates of deposit.

The bank has branches in State College and Bellefonte, Pennsylvania which is about 50 miles northwest of Harrisburg.

Credit for this find goes to a commenter in the finding deals post. Thanks!