Stonebridge Online Bank - 5.50% 18-Month CD
May 18, 2006 - 2:37 PM by Ken Tumin
Stonebridge Bank is offering a 5.50% APY 18-month certificate of deposit. The minimum is $500. Longer terms are also available at this yield. Their 12-month and 6-month CDs have APYs of 5.25% and 5.00% (rate page).
You can open the CD accounts online. The accounts are available to residents of any state. They don't seem to have an ACH transfer system. Initial deposits have to be mailed. Free incoming wire transfers are available for additional deposits. Refer to their FAQ page for more info.
In addition to CDs, they also offer some decent money market accounts and checking accounts. Their checking account pays 2% APY and doesn't have a minimum balance requirement. Their basic money market account pays 4% APY and also doesn't have a minimum. Their premier money market pays up to 4.60% APY on balances of $50K and over. This one has a $1K minimum to open and to avoid a monthly fee.
The bank is located in Pennsylvania with full service branches in Exton and West Chester.
You can open the CD accounts online. The accounts are available to residents of any state. They don't seem to have an ACH transfer system. Initial deposits have to be mailed. Free incoming wire transfers are available for additional deposits. Refer to their FAQ page for more info.
In addition to CDs, they also offer some decent money market accounts and checking accounts. Their checking account pays 2% APY and doesn't have a minimum balance requirement. Their basic money market account pays 4% APY and also doesn't have a minimum. Their premier money market pays up to 4.60% APY on balances of $50K and over. This one has a $1K minimum to open and to avoid a monthly fee.
The bank is located in Pennsylvania with full service branches in Exton and West Chester.
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