New Jersey-based Liberty Bell Bank is currently offering a 15-month CD Special (3.00% APY). The minimum deposit is $2.5k, with no stated balance cap.
The CD Special is also available as an IRA (Traditional), earning the same APY with the same funding requirements.
According to CSR, the Early Withdrawal Penalty is three months interest on the amount being withdrawn, with partial withdrawals allowed.
Headquartered in Marlton, New Jersey, Liberty Bell Bank became a division of Delaware-based The Bank of Delmarva in early 2018.
While Liberty Bell Bank only has branch locations in the New Jersey counties of Burlington and Camden Counties (greater Philadelphia metropolitan area), CSR stated anyone who can come into a branch is eligible to open a CD.
Liberty Bell Bank has three full-service New Jersey branches, located in Cherry Hill, Marlton, and Moorestown.
As a division of The Bank of Delmarva, Liberty Bell Bank operates under The Bank of Delmarva’s FDIC Certificate and shares its financial history.
Liberty Bell Bank/The Bank of Delmarva has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 17.09% (above average) based on September 30, 2018 data. In the past year, the Bank has increased its total non-brokered deposits by $159.92 million, an excellent annual growth rate of 37.35%. Please refer to our financial overview of Liberty Bell Bank/The Bank of Delmarva (FDIC Certificate # 8810) for more details.
Effective March 1, 2018, Liberty Bell Bank, which was founded in 2003, merged into The Bank of Delmarva. The two banks have the same top shareholder, Florida lawyer Kenneth Lehman, who apparently was the matchmaker for the two institutions. According to a Philadelphia Business Journal article,
“Delmarva is excited about the opportunities this merger affords both of our fine organizations,” Delmarva CEO John Breda said in a statement. “Liberty is a respected community bank, and provides a significant opportunity for Delmarva to expand our market area by capitalizing on the strong relationships Liberty has fostered over the years.”
Established in 1896 as Bank of Delmar, The Bank of Delmarva is currently Delaware’s eighth largest bank, with assets in excess of $737 million and more than 33,200 customer accounts.
How the CD Special Compares
When compared to 291 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available within the market area, Liberty Bell Bank’s 15-month CD Special APY currently ranks fourth.
The above rates are accurate as of 1/12/2019.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.