Top 14-Month CD Rate and Checking Account Rate at East River Bank in Philly - Local Only

East River Bank used to offer some very competitive CD specials. The only one that's notable now is its 14-month CD special which has a 1.25% APY. Minimum deposit is $2,000. It's listed in the bank's rates page as of 12/18/2012.

The bank continues to offer a competitive rate on its Go Green Checking. It's currently 1.01% APY for balances of $100 and above. When I last reported on this account in January 2011, it had a 1.40% APY. So it has a long history of top rates. According to the bank's comparison chart, this checking account has no monthly service fees.

Last year a reader informed me that the bank accepts new deposits from those in the metropolitan Philadelphia area (which may also include southern New Jersey). The bank has three offices located in Philadelphia. Be sure to call to verify qualifications before planning a long drive.

The bank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 11.93% (above average) based on September 2012 data. Please refer to our financial overview of East River Bank for more details. The bank has been a FDIC member since 2006 (FDIC Certificate # 58171).

How This CD Rate Compares

The highest 12-month CD rate that's nationally available is currently 1.16% APY at State Bank of India - Chicago. If you don't live in the Chicago area, you'll have to open and manage the accounts at this bank by mail. The highest 12-month CD rate at an internet bank is 1.06% APY at AloStar Bank of Commerce. These rates are accurate as of 12/18/2012.

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.