Continental Bank is offering some very competitive short-term CD rates. The best ones include the 6-month and 9-month CDs which have a 1.50% APY. The 18-month CD is also competitive with a 1.75% APY. The bank also has a reward checking account. However, the rate isn't the best. It currently pays 2.01% APY on balances up to $25,000 (0.76% for above). The typical reward checking requirements apply. These rates are listed at the bank's rates page as of the morning of 7/01/2010.
It appears that a branch visit is required to open accounts. Branches are located in the Pennsylvania cities of Blue Bell, Bala Cynwyd, Devon, East Norriton, West Norriton, Limerick, Plymouth Meeting, King of Prussia and Philadelphia.
The bank's ratings for safety and soundness are a little weak: 3½ stars (good) at BauerFinancial, 2 stars (below peer group) at Bankrate.com and an overall health score of 3 out of 5 at DepositAccounts.com (see our Continental Bank financial overview). These ratings are based on 3/31/10 data except for Bankrate which is based on 12/31/09 data. The bank has been a FDIC member since 2005 (FDIC Certificate # 58061).