6.00% 13-Month CD at a Philadelphia Bank (Republic First)

Republic First Bank is offering a 6.00% APY 13-month certificate of deposit. The minimum is $5K. It requires new money and you must open an account with direct deposit. This special CD is not listed at the bank's website. It was advertised in today's Philadelphia Inquirer. The ad is available online here. The bank's website does list an alternative CD of 5.50% APY for 13-months without the direct deposit requirement (see pdf).

The bank does have a free checking account without minimum balance requirements. The direct deposit requirement can be a pain. Some banks count ACH transfers as direct deposit. Refer to this FW thread for more details on this.

Branches are located in the Pennsylvania cities of Philadelphia, Abington, Ardmore, East Norriton and Media.

Republic First Bank has been FDIC insured since 1988.