In mid-July, First National Bank of Pennsylvania added six new CD Specials to its product line. Of those six CDs, the 10-year CD Special (2.52% APY) is the only competitive CD. Unfortunately, in today's environment, 10-year CD rates aren't much higher than 5-year CD rates.
The minimum opening deposit is $10K and there is no maximum balance cap.
According to CSR, the Early Withdrawal Penalty (EWP) is "$25, plus 3% of amount withdrawn."
Headquartered in Greenville, Pennsylvania, First National Bank of Pennsylvania’s market area is comprised of Maryland, Ohio, Pennsylvania, and West Virginia, including three major metropolitan areas (Pittsburgh, Pennsylvania; Baltimore, Maryland; and Cleveland, Ohio).
First National Bank of Pennsylvania has an overall health rating of "A+" at DepositAccounts.com, with a Texas Ratio of 5.77% (excellent) based on March 31, 2015 data. In the past year, First National Bank of Pennsylvania increased its total deposits by $871.42 Million, an excellent annual growth rate of 7.87%. Please refer to our financial overview of First National Bank of Pennsylvania for more details.
Established in 1864, First National Bank of Pennsylvania (FDIC Certificate # 7888) was known as the First National Bank of Mercer County (western Pennsylvania, bordering on Ohio) for its first 128 years. With a change in 1992 to its present-day name, the Bank began 22 years of expansion that included the acquisitions of 17 banks in Maryland, Pennsylvania, and Ohio. Today, First National Bank of Pennsylvania is the 4th largest bank in Pennsylvania and 88th largest bank in the county, with assets in excess of $16 Billion.
How the CD Compares
When compared to the 88 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available in the Bank’s market area, First National Bank of Pennsylvania’s 10-Year CD Special currently ranks in the top four.
The above rates are accurate as of 7/31/2015.
To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.