3.50% 9-Month CD & 3.61% 24-Month CD at Prudential Savings Bank in PA

Prudential Savings Bank is offering some competitive CD specials. The most competitive is the 9-month special with an APY of 3.50%. The other special rates include 2.75% APY for 6 months, 3.05% APY for 12 months, 3.11% for 15 months and 3.31% for 18 months. Minimum deposit is $5,000. Special CDs appear to require new money and a checking account relationship. These rates are listed at the bank's rate table as of 1/29/2009.

This bank often seems to offer competitive 9-month CD specials. My last post on this bank was on July 2008 when it was offering a 4% 9-month CD.

Note, at the bottom of the rate table it states that deposits are accepted at their discretion. So they may only accept local deposits. Branches are located in Philadelphia and Drexel Hill, Pennsylvania.

Prudential Savings Bank has fair ratings for soundness: 3 stars (performing) at Bankrate.com and 4 stars (excellent) at BauerFinancial. Both ratings are based on 9/30/08 financial data. The bank has been FDIC insured since 1938 (FDIC Certificate # 30011).

Tags: Prudential Savings Bank, Pennsylvania, CD rates