7-Month No-Penalty CD and Savings Account Deal at Franklin Security Bank in PA - Local Only


Franklin Security Bank is offering two good deposit deals. The first is a no-penalty 7-month CD with a 1.70% APY. Minimum deposit is $25,000. The CD allows a one-time penalty-free withdrawal any time after the first 7 days after the account has been opened. The other deal is a 1.60% APY savings account. Minimum deposit is $10,000. If the balance falls below $10K, the rate drops to 0.75% and you'll be hit with a monthly service charge. These rates are listed at the bank's front page in a rotating main ad as of 5/03/2010. Details are listed in the small print on the bottom of the page.

The small print of these offers state that they're available to walk-in customers only. It's a small bank with one branch in Plains, PA.

The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 12/31/09 data. The bank has been a FDIC member since 1999 (FDIC Certificate # 35113).

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