Dedicated to Deposits: Deals, Data, and Discussion
Royal Bank America1.75%$1k-5 Year CD
Royal Bank America1.75%$1k-5 Year IRA
Royal Bank America1.25%$1k-36 Month CD
Royal Bank America1.25%$1k-36 Month IRA
Royal Bank America1.20%$1k-10 Year CD
Royal Bank America1.20%$1k-10 Year IRA
Royal Bank America1.10%$1k-8 Year CD
Royal Bank America1.10%$1k-8 Year IRA
Accounts mentioned in this post. Rates as of August 27, 2014

Top Long-Term CD Rates at Royal Bank America in PA & NJ - Local Only


Royal Bank America

Certificates of deposit with yields of at least 3.00% are rare these days even for terms as long as 10 years. There are a few local deals that still offer this yield. One is Royal Bank America which is offering 3.00% APY on its 10-year CD and IRA CD. Some other of its competitive long-term CDs include a 2.65% APY 8-year CD, a 2.00% APY 5-year CD and a 1.60% APY 3-year CD. Minimum deposit is $1,000. These rates are listed in the bank's rate sheet as of 12/19/2011.

The last time I checked with this bank, I was told that accounts must be opened in person at one of the banks' branches. Royal Bank America branches are located throughout southeastern Pennsylvania and New Jersey. Some of the cities with branches include Philadelphia, King Of Prussia and Shillington in the suburbs of Reading.

The bank isn't in the best financial condition. It has an overall health score at of 1 star (out of 5) with a Texas Ratio of 95.56% (poor) based on September 2011 data. Please refer to our financial overview of Royal Bank America for the full details. The bank has been a FDIC member since 1963 (FDIC Certificate # 18962).

How These CD Rates Compare

The best long-term CD rate that's nationally available is 2.80% APY for a 10-year term at Apple Federal Credit Union. A better deal in my opinion is the 2.75% APY 7-year CD and IRA CD at Pentagon Federal Credit Union. The highest CD rate at a bank is 2.50% APY for a 10-year term at Discover Bank.

These rates are accurate as of 12/19/2011.

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

  Tags: Royal Bank America, Pennsylvania, New Jersey, CD rates, IRA rates

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Comment #1 by Anonymous posted on
Ken:  Why are you listing these banks with ONE Star Ratings?.  This bank only gets two stars with Bauers which is usually very liberal with ratings.  I can't even find it listed on Bankrate.  What good does it do to get a decent rate if we have to live with the concern of seeing it on the "Failed Bank" page one Saturday? I would appreciate it if you would stick to at least the 3-5 star banks and cus.  Thanks!

Comment #2 by KenBDG posted on
Some may be willing to accept a weak bank for higher rates. The risk if you stay under the FDIC limit is losing the rate lock if the bank should happen to fail. Also, this bank was in a large populated area. So that was another plus with this bank. I'm afraid top rates at a strong financial institution in a large populated area are becoming very rare.

Comment #3 by Anonymous posted on
Two points of information: First the bank's rating and second is the early withdrawal penalty on their CD's. The penalty for early withdrawal is the TOTAL forfiture of ALL interest.  For example, if you withdraw your funds on a ten year CD at the end of the 9th year you will lose 9 years worth of interest.  This blew me away when the branch manger disclosed this information to me.  Who would invest with a bank that is nearly insolvent and has such a harsh penty for early withdrawal?

Comment #4 by Anonymous posted on
#3  Are you certain that bank manager gave you the correct penalty?  I have never heard of such a harsh penalty ever!  Not all bank managers know what they are talking about.  I once had one tell me I could not be insured unless I kept ALL my deposits with "one" bank!  I got copies of the FDIC booklet to educate this manager!  Maybe this other manager needs educating too on his own bank.  I cannot fathom any depositor buying that CD unless they were misinformed about the EWP!

Comment #5 by Anonymous posted on
I did not ask about the penalty.  She made a point of telling me of the penalty unsolicited.  I suspect that the bank is aware of its weak financial standing and wants to be sure that the deposits that they are trying to gather are not suddendly going to be withdraw if the rates improve.  If in doubt, make you own contact with the bank.