Citadel (SE PA) Boosts 36-Month Bonus CD Rate

POSTED ON BY

Deal Summary: 36-month Bonus CD, 3.55% APY, $75k minimum deposit. 36-month CD, 3.50% APY, $500 minimum deposit.

Availability: Pennsylvania counties of Bucks, Chester, Delaware, Montgomery and Philadelphia, and the city of Lancaster, Pennsylvania.

Citadel recently added 65 bps to its 36-month Bonus CD ($75k min) and 36-month CD ($500). Currently offering 3.55% APY and 3.50% APY, the 36-month Bonus CD and 36-month CD, respectively, have the highest rates in the Citadel CD product line.

In the past five months, the 36-month Bonus CD and 36-month CD each gained 285 bps in a series of seven rate increases.

The Bonus CD and CD are also available as IRA CDs (Traditional and Roth) earning the same APYs, with the same deposit requirements.

As stated in the FAQs, the Early Withdrawal Penalty reads as follows:

Citadel will impose a penalty if you withdraw any of the funds before the maturity date. The penalty imposed will equal 365 days of dividends for account terms of three years or greater.

We calculate all early withdrawal penalties on the principal amount withdrawn at the dividend rate in effect on the account on the withdrawal date. If your account has not earned enough dividends to cover an early withdrawal penalty, we deduct any dividends first and take the remainder of the penalty from your principal.

Funding and Accessing Maturing Funds

According to CSR, the funds to open a Bonus CD/CD need to be on deposit with Citadel when the Bonus CD/CD is opened. Funds can be deposited bt ACH, wire, or through a Shared Branch transaction.

Maturing funds can be distributed by check to the address on file or transferred to a Citadel Star Savings Share account. There is a ten calendar day grace period before a Bonus CD/CD automatically renews.

Unlimited beneficiaries can be designated with percentages assigned. A Social Social number is required for each name beneficiary.

Availability

Headquartered in Exton, Pennsylvania, Citadel’s field of membership (FOM) is community-based, with individuals who live, work, worship, or attend school in the southeast Pennsylvania counties of Bucks, Chester, Delaware, Montgomery or Philadelphia, or the city of Lancaster, Pennsylvania eligible to join.

You can also become a Citadel member if an immediate member of your family or household is a member, no matter where you live.

Joining Citadel and/or opening a Bonus CD/CD can be done online, by phone (844.499.0432), or at any of 25 full-service branches located in Audubon, Brookhaven, Chester Springs (2), Coatesville, Downington, East Norriton, Exton, Glen Mills, Harleysville, Kennett Square, Lancaster (2), Lansdale, Limerick, Montgomeryville, Oxford, Paoli, Parkesburg, Phoenixville, Pottstown, Springfield, Thorndale, Warminster, and West Chester.

Note: If applying online, do not ignore this information:

Take note of your Application Tracking Number (*****) and the Application Password you choose below. If you need to Sign Out and continue your application at a later time, you will need these to log back in and complete.

Current members can open a Bonus CD/CD using the Citadel Online Banking platform.

Citadel requires each member to have a,

Star Savings 'share' account. With only a $5.00 minimum deposit you enjoy all the benefits of membership. This Savings account is opened automatically with each new account.

Citadel participates in both the CO-OP Shared Branch network and ATM network.

Credit Union Overview

Citadel has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.43% (excellent) based on June 30, 2022 data. In the past year, Citadel has increased its total non-brokered deposits by $410.67 million, an excellent annual growth rate of 10.83%. Please refer to our financial overview of Citadel (NCUA Charter # 2099) for more details.

Citadel was established in 1937 as the credit union for Lukens Steel Company, the oldest steel mill operating in the U.S. The widely held origin story has a couple of steel mill workers putting a dollar in a tin box every week, so if anyone needed a small loan, they could borrow from the tin box – as long as they agreed to pay it back. From the most humble of beginnings, Citadel has grown to become Pennsylvania’s fourth largest credit union (and the 69th largest credit union in the country), with more than 246,000 members and assets in excess of $5 billion.

How the 36-Month Bonus CD Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $75k or less, only one credit union has a higher rate than currently offered on the Citadel 36-Month Bonus CD. The following table compares the 36-Month Bonus CD to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 9/15/2022.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Philadelphia CD rates, Harrisburg CD rates, 5-year CD rates

Comments
Citadel (SE PA) Extends $300 Checking Account Bonus
Deal Summary: $300 bonus when opening a new checking account, total direct deposit of at least $500, available through December 31, 2022.

Availability: Residents of the Pennsylvania counties of Bucks, Chester, Delaware, Lancaster, Montgomery and Philadelphia.

Citadel has extended its $300 bonus for new checking customers who open a new Cashback Rewards Checking account or a Free Checking account through December 31, 2022.

As stated in the New Account Cash Bonus disclosure,

The $300 bonus is only available to new checking customers, defined as those who have not “closed a Citadel...

Continue Reading
Citadel (SE PA) Adds Two Competitive 14-Month CD Specials
Deal Summary: 14-month CD Special, 1.50% APY, $500 minimum deposit; 14-month Bonus CD Special, 1.55% APY, $75k minimum deposit.

Availability: Pennsylvania counties of Bucks, Chester, Delaware, Montgomery and Philadelphia, and the city of Lancaster, Pennsylvania.

Now through May 25, 2022, Citadel is offering two competitive 14-month CD Specials. Earning 1.50% APY, the 14-month CD Special can be opened with a $500 minimum deposit; the 14-month Bonus CD Special earns 1.55% APY and requires a $75k minimum opening deposit. These limited-time specials are available through May 25, 2022.

Continue Reading
Citadel Offers $300 Checking Bonus In SE Pennsylvania
Deal Summary: $300 bonus when opening a new checking account, total direct deposit of at least $500.

Availability: Residents of the Pennsylvania counties of Bucks, Chester, Delaware, Lancaster, Montgomery and Philadelphia.

Now through March 15, 2022, Citadel is offering a $300 bonus to new checking customers who open a new Cashback Rewards Checking account or a Free Checking account.

As stated in the New Account Cash Bonus disclosure,

The $300 bonus is only available to new checking customers, defined as those who have not “closed a Citadel Checking Account within the...

Continue Reading
Citadel (PA) Raises Rates On Longer Term CDs
Deal Summary: 24-months CD (1.75% APY), 36-months CD (2.10% APY), 48-months CD (2.25% APY), $500 minimum deposit.

Availability: Residents of the Pennsylvania counties of Bucks, Chester, Delaware, Montgomery and Philadelphia, and the city of Lancaster, Pennsylvania.

Citadel began the week by raising the rates on its CDs by at least 25 bps. The most competitive of these CDs are the 24-months CD (1.75% APY), 36-months CD (2.10% APY), and 48-months CD (2.25% APY). The minimum deposit is $500, with no stated balance cap. While Citadel’s...

Continue Reading
Get 25k Bonus Points ($250 Value) With New Citadel Checking Account
Availability: Residents of the Pennsylvania counties of Bucks, Chester, Delaware, Montgomery and Philadelphia, and the city of Lancaster, Pennsylvania.

Citadel is currently offering 25,000 bonus points ($250 cash value) when opening a new FREE Checking account.

Requirements

  • Open a new Free Checking account (minimum $50 deposit).
  • Have at least three signature transactions within the first 30 days following account opening.
  • Call or visit any branch location to request the 25,000 bonus points.

Limitations

  • Bonus rewards points only available to new checking customers, i.e., individuals who not have closed a Citadel checking account within the last 12...

Continue Reading

More Past Offers



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.