Dedicated to Deposits: Deals, Data, and Discussion

2.00% 15-Month CD and CD IRA at Parke Bank in NJ & PA - Local Only

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Parke Bank
Parke Bank continues to have a competitive 15-month CD special. The rate is down a bit since August, but it remains competitive at 2.00% APY. It's also available in an IRA. Minimum deposit is $500. The bank also continues to offer a special rate on its Preferred Savings Account for balances of at least $2,500. The current rate is 1.75% APY which is down from 2% in August. These specials are listed at the bank's deposit rates page as of 12/02/09.

It appears that a branch visit is required to open an account. Branches are located in the New Jersey cities of Sewell and Northfield and in Philadelphia, Pennsylvania.

The bank's ratings for safety and soundness continue to be strong: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 1999 (FDIC Certificate # 34888).

Other Competitive Certificate of Deposit Rates

  Tags: Pennsylvania, CD rates, New Jersey, Parke Bank, IRA rates

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