5.32% Savings Account at a Philadelphia Bank (Republic First)
Aug 27, 2006 - 2:44 PM by Ken Tumin
Republic First Bank is advertising a 5.32% APY savings account with a $1K minimum balance. It's called the Index Savings Account, and the rate is guaranteed not to fall through the end of the year. The account must be opened with new money. This special savings account is not listed at the bank's website. It was advertised in today's Philadelphia Inquirer. The ad is available online here.
The bank is still offering a 6.00% APY 13-month CD. I had reported on this special in July.
Branches are located in the Pennsylvania cities of Philadelphia, Abington, Ardmore, East Norriton and Media.
Republic First Bank has been FDIC insured since 1988.
The bank is still offering a 6.00% APY 13-month CD. I had reported on this special in July.
Branches are located in the Pennsylvania cities of Philadelphia, Abington, Ardmore, East Norriton and Media.
Republic First Bank has been FDIC insured since 1988.
Featured Accounts
Useful Resources
Nationwide Savings Accounts
gary (anonymous) - #1, Wednesday, August 30, 2006 - 12:42 PM
I called the bank to get additional information on the 5.32% Index Savings. This is a tiered account and the current promotion is for the top rate (5.32%) at all tiers. As of January, it will revert to a tiered status. As of last week, the tiered rate for $1000 was 3.77% and for 10K was 3.95%, so the rate will quickly degrade. It is also necessary to apply for the account in person at one of their branches.
Banking Guy (anonymous) - #2, Wednesday, August 30, 2006 - 6:50 PM
Thanks for checking on this.
Add Your Comment
Post a Comment