Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
East River Bank1.10%$2k-14 Month Fixed Rate Certificate Special
East River Bank0.62%$10k-Go Anywhere Checking
Accounts mentioned in this post. Rates as of April 19, 2014

Top Rates for Checking Account and CD Specials at East River Bank in Philly - Local Only

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East River Bank

East River Bank continues to offer top rates on its checking account and CD specials. They've made some changes since my March post. First, they have a new website, and more importantly, they no longer list the Ultimate Checking account which had a 2.01% APY in March. However, they seemed to have replaced this with the Go Green Checking. This has a rate of 1.59% APY with a minimum balance of $100. It doesn't appear to be a reward checking account. The rate applies to all balances, and I don't see any debit card requirements. The rate and the account overview are listed in the bank's promo page as of 5/14/2010.

In addition to the checking account deal, the bank continues to offer good deals on its CD specials. The three best include a 1.90% APY 14-month CD, a 2.10% APY 20-month CD and a 2.40% APY 33-month CD. Minimum deposit is $2,000. These rates are listed at the bank's rates page as of 5/14/2010.

A reader reported in my 2009 post that the bank now requires a branch visit to open an account. The bank has two offices located in Philadelphia, PA.

The bank's rating for safety and soundness has improved at Bankrate.com. It now has a 3-star rating (performing) based on 12/31/09 data which is up from 2 stars from 9/30/09 data. It continues to have a 5-star rating at BauerFinancial based on 12/31/09 data. At DepositAccounts.com, it has an overall health score of 4 out of 5 (see our East River Bank rates and reviews page). The bank has been a FDIC member since 2006 (FDIC Certificate # 58171).

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com. The tables now have a new & improved format!

  Tags: East River Bank, Pennsylvania, CD rates, checking account

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Comments
Comment #1 by Alan (anonymous) posted on
Alan
In Nov. 2010, we closed out our Wachovia account and now rely on our East River checking account.  Wachovia was ok, but not as service friendly as East River, plus Wachovia is now part of Wells Fargo, so we expect not changes but charges that WF will impose.

When we needed a wire transfer as part of a property settlement, Wachovia required one to come into a branch, fill out paper work, etc.  East River knows us, accepted a scanned, signed release.

Although East River's interest rate has declined, along with the official cost of living, it still beats all the big banks, and most of the other community banks.

East River's bank bill pay is at least as good as Wachovia's.  Also East River offers transfers from an ER accout to one's account in another bank.

In short, we are quite pleased with the bank.

 



 

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