DBN First (PA) 13-Month CD Earns 2.35% APY


Deal Summary: 13-month CD, 2.35% APY, $1k minimum deposit.

Availability: Market area is the greater Philadelphia metro area.

DNB First is currently offering a 13-month CD, which earns 2.35% APY. The minimum opening deposit is $1k, with no stated balance cap.

The 13-month CD is also available as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.

According to CSR, the Early Withdrawal Penalty is 60 days of interest, with partial withdrawals allowed. Unlimited beneficiaries can be named and Social Security numbers are required for all beneficiaries.

Rewards Money Market

The Rewards Money Market currently earns 2.00% APY on balances up to $999,999.99. Balances of $1+ million earn 1.25% APY on the portion above $1 million, resulting in a blended APY for the total balance. The minimum opening deposit is $10k, but there is no minimum balance requirement to earn the stated APY. There is a $10 monthly service fee that will be waived if a $2.5k minimum balance is maintained.

The Rewards Money Market is described as “a companion savings account for the Rewards Checking with Interest (RCWI) account.” In other words, an RCWI account is required to open a Rewards Money Market account. While the name might suggest a rewards checking account, DNB’s RCWI does not earn a competitive rate and there are no qualification requirements: it’s just an ordinary checking account that earns a very modest APY. The $25 monthly fee can be avoided with a $5k average daily collected balance or combined account (checking, savings, CDs, IRAs, home equity loans) balances of at least $15k.


Headquartered in Downingtown (Chester County), Pennsylvania since 1861, DNB First’s market area now includes the greater Philadelphia area.

While the DNB CD Rates page has a “Apply for a DBN First CD now!” link, it technically isn’t an online application. According to CSR, a completed “application will be sent to one of the branches and they will contact you.”

Opening a CD can also be done at any of 14 Pennsylvania branches, located in Boothwyn, Chester Springs, Coatesville, Downingtown (3), Exton (2), Kennett Square, Philadelphia (2), and West Chester (3).

Note: At the end of November, DBN First merged into and will subsequently be operated as part of ST&T Bank of Indiana, Pennsylvania. On February 10, 2020, the transition will be complete. According to the “Welcome to S&T Bank” page,

As the integration between DNB First and S&T Bank
approaches, additional information will be added to this page.

Bank Overview

DNB First has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 6.19% (excellent) based on June 30, 2019 data. In the past year, the Bank has increased its total non-brokered deposits by $44.75 million, an excellent annual growth rate of 5.3%. Please refer to our financial overview of DNB First (FDIC Certificate # 7464) for more details.

As mentioned above, DNB First has merged into S&T Bank. According to the official merger announcement,

S&T Bancorp, Inc., the holding company for S&T Bank, with operations in five markets including Western Pennsylvania, Central Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York, and DNB Financial Corporation, the holding company for DNB First, a community bank headquartered in Downingtown, Pennsylvania with 14 locations, jointly announced today the signing of a definitive merger agreement pursuant to which S&T will acquire DNB in an all-stock transaction. The merger will expand S&T’s footprint into Southeastern Pennsylvania, gaining a new presence in Chester, Delaware, and Philadelphia Counties. On a combined basis, S&T will have approximately $8.4 billion in total assets.

How the CD Compares

When compared to 350 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available in the Bank’s market area, DNB First’s 13-month CD APY currently ranks first.

The above rates are accurate as of 12/18/2019.

Looking for the best CD rates, both nationwide and in your state? Please refer to our CD Rates Table page.

Related Pages: Philadelphia money market accounts, money market accounts, checking accounts, 1-year CD rates

3.50% Reward Checking Account at a Pennsylvania Bank (DNB First)
Update 12/30/08: The top yield has fallen to 3.50% APY. Refer to the bottom of the post for the rate history.

DNB First Bank has a rewards checking account that pays 3.50% APY on balances up to $35,000 (1.50% for above) and refunds ATM fees (up to $25 per cycle) if the following monthly requirements are met: 1) 10 check card transactions, 2) one direct deposit or ACH debit, and 3) receive electronic statements. If these are not met, the rate falls to 0.10%. There are no minimum balance requirements and...

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