Brentwood Bank (PA) is offering a 10-Year CD (3.00% APY). The minimum opening deposit is $2K and there is no maximum balance cap. This 10-Year CD is also available as an IRA (Traditional, Roth, CESA, and SEP), but at a slightly lower rate of 2.80% APY.
According to CSR, the Early Withdrawal Penalty is 3 years interest on the principal withdrawn. CD balances between $250 and $2K earn 0.15% APY, with balances under $250 earning no interest.
|1.25%||$2k||-||Brentwood Bank||10 Year CD|
|1.25%||$2k||-||Brentwood Bank||10 Year IRA (Traditional, Roth, CESA, SEP)|
Brentwood Bank is privately-held, community bank located in Pittsburgh’s South Hills region that offers its services and products to all Pennsylvania residents (proof of residency required).
While Brentwood Bank does have online account management capabilities, opening a CD requires an in-person visit to any of three branches located in Bethel Park (2) and Pittsburgh. As a service to its customers, Brentwood Bank has extended hours (9 am - 7 pm) on Fridays, at all three branches.
Brentwood Bank (FDIC Certificate # 27943) has an overall health rating of A at DepositAccounts.com, with a Texas Ratio of 2.13% (excellent) as of June 30, 2014. Brentwood Bank has an above average capitalization level of 10.93%, a result of holding $484.33 Million in assets, with equity of $52.96 Million. Please refer to our financial overview of Brentwood Bank for more details.
Brentwood Bank was founded in 1922 as the Brentwood Federal Savings and Loan Association; it remained a Savings and Loan for the next 72 years. Between 1994 and 1999, the bank changed its organization type twice, reorganized, changed its name twice, and moved its headquarters from Pittsburgh to Bethel Park. Since 1999, Brentwood Bank has continued to serve the South Hills community and has been consistently recognized as the Best Bank in the South Hills and one of the top community banks in the region.
How the Rate Compares
When compared to other 10-year CDs tracked by DepositAccounts.com and available to Pennsylvania residents, Brentwood Bank’s 10-year CD is quite competitive:
|Interest Rate||Account Type||Institution|
|3.15% APY||10-year Non-Callable CD||Fidelity New Issue Brokered CD|
|3.00% APY||10-year CD||Brentwood Bank|
|2.60% APY||120-month Share Certificate||Apple Federal Credit Union|
The above rates are accurate as of 10/1/2014.
To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.