Harleysville Bank (PA) Boosts 24-Month CD Rate

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Deal Summary: 24-month CD, 2.01% APY, $500 minimum deposit.

Availability: Market area is Southeastern Pennsylvania.

Earlier this month, Harleysville Bank raised the rate on its 24-month CD (2.01% APY). The minimum opening deposit is $500, with no stated balance cap. The 165 bps increase is the first increase since the 24-month CD was added in December 2011; for more than four years, the rate was only 0.36% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.01%$500-Harleysville Bank24 Month CD
2.01%$500-Harleysville Bank24 Month IRA (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of January 19, 2018.

The 24-month CD is also offered as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.

According to CSR, the Early Withdrawal Penalty is six months interest.

Free Kasasa Cash Checking

I last wrote about Harleysville Bank in December 2017, when the rate on its Free Kasasa Cash Checking had been raised to 2.01% APY on qualifying balances up to $25k; that rate is still in effect. Qualifying balances over $25k earn .50% APY, with non-qualifying balances earning 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.01*%-$25kHarleysville BankFree Kasasa Cash Checking
OTHER TIERS: 0.50% $25k+
Accounts mentioned in this post. Rates as of January 19, 2018.

The Free Kasasa Cash Checking requires a minimum $25 opening deposit, but there is no minimum balance required to earn the stated APY. There are no monthly service charges or charges to open or close the account. Nationwide ATM fees will be reimbursed up to $15 per monthly qualification cycle, with a limit of $9.99 per single transaction. Individual ATM fees of $10 or more, require a receipt.

Monthly Qualification Requirements

  • Minimum of 12 debit card purchases post and settle
  • Be enrolled in and receive eStatements
  • Be enrolled in and log into online banking

Free Kasasa Saver

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.00*%-$100kHarleysville BankFree Kasasa Saver
OTHER TIERS: 0.50% $100k+
Accounts mentioned in this post. Rates as of January 19, 2018.

When linked to the Free Kasasa Cash Checking, Harleysville Bank’s Free Kasasa Saver earns 1.00% APY on qualifying balances up to $100k; qualifying balances over $100k earn 0.49% APY and non-qualifying balances earn 0.05% APY. Like the Free Kasasa Cash Checking, the Free Kasasa Saver can be opened with a minimum $25 deposit.

Availability

Headquartered in Harleysville (Montgomery County), Pennsylvania, Harleysville Bank’s market area is primarily Southeastern Pennsylvania. I say “primarily” because the Kasasa product line can be opened online by U.S. citizens (18 years or older) who are residents of Pennsylvania, New Jersey, Delaware, or Maryland.

Harleysville Bank’s CDs must be opened at any of seven Pennsylvania branches located in Harleysville, Hatfield, Lansdale, Norristown, Royersford, Souderton, and Sumneytown.

Bank Overview

Harleysville Bank has an overall health grade of "B" at DepositAccounts.com, with a Texas Ratio of 16.19% (above average) based on June 30, 2017 data. In the past year, the Bank increased its total deposits by $23.83 million, an excellent growth rate of 4.41%. Please refer to our financial overview of Harleysville Bank (FDIC Certificate # 31461) for more details.

Established in 1915, the original Harleysville Building and Loan Association’s main purpose was to provide mortgages to local residents. (The first mortgage loan granted, in the amount of $700, was for a property that is still in use today as a private residence.) Initially, there was no permanent office and the Board of Directors met monthly to report deposit balances they personally collected. A charter change in 1991 resulted in the new Harleysville Savings Bank name, and a further reorganization in 2000 led to the Bank’s multi-state presence. Today, Harleysville Savings Bank serves four eastern states with assets in excess of $782 million.

How the CD Compares

When compared to the 340 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available within the Bank’s market area, Harleysville Bank’s 24-month CD APY currently ranks third.

Interest RateCD Length of TermCredit Union/Bank
2.12% APY24-Month Personal CDConnectOne Bank
2.02% APY24-Month Certificate AccountUSALLIANCE Financial
2.01% APY24-Month CD Harleysville Bank

The above rates are accurate as of 10/28/2017.

To look for the best CD rates, both nationwide in state specific, please refer to our CD rates table or our Rates Map page.

Related Pages: Philadelphia checking accounts, Johnstown checking accounts, reward checking accounts, 5-year CD rates

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Harleysville Savings Bank (PA) Ups Rate On Kasasa Checking
Availability: Market area includes Pennsylvania, New Jersey, Delaware, and Maryland

When Harleysville Savings Bank first introduced its Free Kasasa Cash Checking account in March 2015, the APY was 1.75%; last week that rate was raised to 2.01% APY on qualifying balances up to $25K. (Qualifying balances over $25K earn 0.50% APY and non-qualifying balances earn 0.05% APY.)

The Free Kasasa Cash Checking account can be opened with a minimum $25 opening deposit, but there is no minimum balance required to earn the stated APY. There are...

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