Overview / Commentary
1139 Chestnut Street
Philadelphia, PA 19107

Beneficial Bank is headquartered in Philadelphia and is the 10th largest bank in the state of Pennsylvania. It is also the 192nd largest bank in the nation. It was established in 1853 and as of September of 2018, it had grown to 784 employees at 62 locations. Beneficial Bank's CD rates are 2X the national average, and it boasts an A+ health rating.

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Reviews (2)


Posted by: gailnolan0 | Jan 1, 2018

I have been banking with Beneficial since 2nd grade, and continue to keep my savings with them even though I know live in an area where it is no longer convenient. They have been very good to me over the years, and when I started college they gave me an incredible interest rate for my savings account, as well as reimbursing me for all ATM fees. I cannot say enough good things about my bank, and I really trust them as a financial institution. I have always been greeted by a friendly face and willingness to help.

Sub par Level

Beneficial bank offers free checking, as long as my account stays at a minimum of $100. That's what drew me in, and it's local to my home. I don't like how they often place holds on my card without warning. They claim they're trying to benefit me from fraudulent activity, but the purchases are always on my end, never fraudulent. I am also not a fan of how the mobile app and website always require authenticity checks. I have to go through a string of email and text message verifications before I can even access my online information. I do like the mobile app, it allows me to deposit checks via a picture. All in all, I think the bank needs to be updated and offer better customer service.


Health Grade Components

FDIC Certificate #15697
Year Established1853
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD4.9%
Annual Interest Income$155.9MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$5.87B$5.82B
LoansQ3 2018vs Q3 2017$3.88B$3.99B
DepositsQ3 2018vs Q3 2017$4.39B$4.27B
Equity CapitalQ3 2018vs Q3 2017$898.9MM$966.9MM
Loan Loss AllowanceQ3 2018vs Q3 2017$43.1MM$43.3MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$16.9MM$24.1MM
Real Estate OwnedQ3 2018vs Q3 2017$274.00K$124.00K
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Always verify rates and promotions with the bank or credit union. We are not Beneficial Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Beneficial Bank Savings Account Rates

0.90%*$2.5k*-Tiered Statement Savings (for Package Accounts)
OTHER TIERS: 0.25% Up to $1k | 0.30% $1k - $2.5k
0.50%*$1k*-Student Saver
OTHER TIERS: 0.30% Up to $500 | 0.40% $500 - $750 | 0.45% $750 - $1k
0.50%*$2.5k*-Campus Savings
OTHER TIERS: 0.30% Up to $500 | 0.35% $500 - $1k | 0.40% $1k - $1.5k | 0.45% $1.5k - $2.5k
0.35%--Club Statement Savings
0.25%--Statement Savings
0.15%--Passbook Savings
0.15%--Club Passbook Savings

Beneficial Bank Money Market Rates

0.90%*$500k*-Personal Money Market
OTHER TIERS: 0.65% Up to $5k | 0.70% $5k - $25k | 0.75% $25k - $100k | 0.80% $100k - $500k

Beneficial Bank Checking Account Rates

0.20%--Start Rewarding
0.10%--Start Earning
0.10%--Start Benefiting
0.05%--Interest Checking

Beneficial Bank CD Rates

3.30%$500-60 Month CD
3.04%$500-48 - 59 Month CD
2.79%$500-36 - 47 Month CD
2.27%$500-24 - 35 Month CD
2.02%$500-12 - 23 Month CD
1.77%$500-6 - 11 Month CD
1.51%$500-3 - 5 Month CD

Beneficial Bank IRA Rates

3.30%$500-60 Month IRA
3.04%$500-48 - 59 Month IRA
2.79%$500-36 - 47 Month IRA
2.27%$500-24 - 35 Month IRA
2.02%$500-12 - 23 Month IRA
1.77%$500-6 - 11 Month IRA


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