First Keystone Community Bank Has Competitive Rate 60- and 84-month CDs


First Keystone Community Bank (northeast PA) recently raised the rates on two of its long-term CDs: 60-month CD (2.30% APY) and 84-month CD Special (2.45% APY).

While both CDs have no maximum balance caps, the 60-month CD has a $500 minimum deposit requirement and the 84-month CD Special requires a minimum $1K deposit. The 60-month CD is also available as an IRA (Traditional) at the same rate, with the same funding requirement.

The Early Withdrawal Penalty, as stated on First Keystone’s Truth-in-Savings Disclosure is structured as follows:

You may not make withdrawals of principal from your account during the first 90 days from the date the account was opened.

The actual penalty is based on the remaining term of the CD.

If the REMAINING term of your certificate is greater than 1,460 days (4 years), the PENALTY is 730 days (24 months) of interest.
New eCertificate Program

In early September, First Keystone introduced its eCertificate program which eliminates the need for an in-person visit. There are three terms to choose from: 12-month eCD, 36-month eCD, and 60-month eCD. Of the three eCDs, only the 60-month CD (2.30% APY) is competitive. The minimum deposit on any of the eCDs is $1K, with a maximum deposit of $25K.

1.70%$1k-First Keystone Community Bank84 Month CD Special
1.55*%$100k-First Keystone Community Bank60 Month CD
1.50%$500-First Keystone Community Bank60 Month IRA
1.50%$1k-First Keystone Community Bank60 Month eCD
Accounts mentioned in this post. Rates as of October 26, 2016.


First Keystone Community Bank is an independent, locally-managed, financial institution that offers its product line to all U.S. Citizens (18 years or older) living in Pennsylvania. With the exception of the eCDs, opening an account requires a in-person visit to any of 18 branches located in Berwick (4), Bloomsburg, Brodheadsville, Cresco, Dallas, Danville, Hanover Township, Kingston, Mifflinville, Mountain Top, Nescopeck, Plymouth, Shickshinny, Stroudsburg, and Swiftwater.

Opening and funding an eCDs can be done online in one session. I have not included a direct link to the online application because it is time-sensitive, but First Keystone’s CD "Certificate of Deposits" page will provide access to the online application.

Bank Overview

First Keystone Community Bank has an overall health rating of "A" at and a Texas Ratio of 4.11% (excellent) as of June 30, 2014. In the past year, First Keystone’s total deposits have grown by $7.34 Million, an above average annual growth rate of 1.15%. Please refer to our financial overview of First Keystone Community Bank for more details.

Headquartered in Berwick, First Keystone Community Bank has been owned and operated by local men and women since 1864 (FDIC Certificate #7404). First Keystone has grown from a single, small (450 square foot building) in Berwick to 18 full-service branches, with over $890 Million in assets.

How the Rates Compare

Of the two, the 60-month CD is the more attractive product. When compared to other similar length of term CDs tracked by, with a $500 or less minimum deposit and available to residents of Pennsylvania, First Keystone Community Bank's 60-month CD is competitive:

Interest Rate CD Length of Term Bank/Credit Union
2.40% APY 60-month CD Citadel Credit Union
2.32% APY 60-month CD Nationwide Bank
2.30% APY 60-month CD First Keystone Community Bank

The above rates are accurate as of 11/17/2014.

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