3.05% 26-Month Add-On CD at Community Bank in PA - Local Only

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Community Bank is offering a special 26-month Add-On CD with a 3.05% APY. Minimum deposit is $10,000. Additional deposits of at least $2,500 are allowed at any time during the CD term. This promotion is listed at the bank's home page as of 3/13/09. There's a link to this promotion page with the 3.05% APY and a CD start date of March 14, 2009.

The bank also offers a 4% APY reward checking account for balances up to $25K as of 3/13/09 (see post).

It appears a branch visit is required to open an account. Branches are located in the Pennsylvania counties of Greene, Washington and Allegheny.

The bank has some decent ratings for safety and soundness: 3 stars (performing) at Bankrate.com (based on 9/30/08 data) and 4 stars (excellent) at BauerFinancial (based on 12/31/08 data). The bank has been FDIC insured since 1934 (FDIC Certificate # 7848).

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4.00% Reward Checking Account at Community Bank in PA - Local Only

Community Bank is offering a reward checking account called Cash Cow Checking. The account offers the following features if certain monthly requirements are met:

  • 4.00% APY on balances up to $25,000
  • 1.00% APY on balances over $25,000
  • 0.25% base rate if qualifications are not met
  • ATM fees refunded up to $15 per cycle

The monthly requirements include:

  • 15 check card purchases
  • receive one ACH debit or credit
  • receive e-statements
  • one online bill payment through Internet Banking

Additional features of the account regardless of the monthly requirements include:

  • $50 minimum intial deposit
  • no minimum balance requirement
  • no monthly fees
  • Free bill pay
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