Dedicated to Deposits: Deals, Data, and Discussion

2.25% 7-Month CD at Republic First Bank in PA - Local Only

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Republic Bank (Philadelphia, PA)
Republic First Bank is offering a special 2.25% APY 7-month CD. Minimum deposit is $500. The bank also has promotional rates on its Premier Money Market Account. It's a tiered rate account with a 1.75% APY for balances of $50K to $100K and 2.00% APY for balances of $100K to $250K. These rates are listed at the bank's rate table as of 6/24/09.

My last post on this bank was in 2007 when their 7-month CD special was 5.50% APY (the good old days). They were also offering high rates on their Index Savings Account. It's interesting to note their Index Savings Account now only pays a top rate of 0.15% (and that requires $250K!).

A branch visit appears to be required to open an account. Branches are located in the Pennsylvania cities of Philadelphia, Abington, Ardmore, East Norriton and Media.

The bank's ratings for safety and soundness are fair: 3 stars (adequate) at BauerFinancial (based on 3/31/09 data) and 3 stars (performing) at Bankrate.com (based on 12/31/08 data). Republic First Bank has been a FDIC member since 1988 (FDIC Certificate # 27332).

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  Tags: Republic Bank (Philadelphia, PA), Pennsylvania, CD rates

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