Top Long-Term CD Rates at Port Richmond Savings in Philly - Local Only


1.65%$500-Port Richmond Savings60+ Month CD
0.95%$500-Port Richmond Savings36 Month CD
0.85%$500-Port Richmond Savings30 Month CD
Accounts mentioned in this post. Rates as of October 26, 2016.

Port Richmond Savings is offering several very competitive long-term CD and IRA CD rates. These include a 3.00% APY 5-year CD, a 2.50% APY 3-year CD and a 2.25% APY 30-month CD. Minimum deposit is $500. These rates are listed in the bank's rates page as of 10/8/2010.

For those in the Philadelphia area, some of these rates compare well to Police and Fire FCU. PFFCU continues to have the best 5-year CD with a 3.25% APY as of 10/8/2010, however, Port Richmond Savings has the best 3-year and 30-month CDs.

The main downside with Port Richmond Savings CDs is a harsh early withdrawal penalty. According to the bank rep, the 5-year CD has a penalty of 24-months of interest. The 3-year CD has a penalty of 18-months of interest. A penalty over 6-months of interest for CD terms of 2 to 5 years is above average.

A branch visit appears to be required. It's a small bank with one office located at 2522 East Allegheny Avenue in Philadelphia.

The bank's overall health score at is 5 out of 5 with a Texas Ratio of 7.36% (excellent) based on 6/30/2010 data. Please refer to our financial overview of Port Richmond Savings for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 27385).

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