2.25% 7-Month CD at Republic First Bank in PA - Local Only

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Republic First Bank is offering a special 2.25% APY 7-month CD. Minimum deposit is $500. The bank also has promotional rates on its Premier Money Market Account. It's a tiered rate account with a 1.75% APY for balances of $50K to $100K and 2.00% APY for balances of $100K to $250K. These rates are listed at the bank's rate table as of 6/24/09.

My last post on this bank was in 2007 when their 7-month CD special was 5.50% APY (the good old days). They were also offering high rates on their Index Savings Account. It's interesting to note their Index Savings Account now only pays a top rate of 0.15% (and that requires $250K!).

A branch visit appears to be required to open an account. Branches are located in the Pennsylvania cities of Philadelphia, Abington, Ardmore, East Norriton and Media.

The bank's ratings for safety and soundness are fair: 3 stars (adequate) at BauerFinancial (based on 3/31/09 data) and 3 stars (performing) at Bankrate.com (based on 12/31/08 data). Republic First Bank has been a FDIC member since 1988 (FDIC Certificate # 27332).

Other High Certificate of Deposit Rates
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5.50% 7-Month CD at a Philadelphia Bank (Republic First)
Republic First Bank is offering a special 5.50% APY 7-month certificate of deposit. The minimum deposit is $5,000. It requires new money. Also, a checking account with direct deposit is required during the term of the CD. They do offer a free checking account. The special is not listed at the bank's website. A reader mentioned it in the comments, and I called for additional details.

Branches are located in the Pennsylvania cities of Philadelphia, Abington, Ardmore, East Norriton and Media. According to the bank rep, they require a branch visit...

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5.32% Savings Account at a Philadelphia Bank (Republic First)
Republic First Bank is advertising a 5.32% APY savings account with a $1K minimum balance. It's called the Index Savings Account, and the rate is guaranteed not to fall through the end of the year. The account must be opened with new money. This special savings account is not listed at the bank's website. It was advertised in today's Philadelphia Inquirer. The ad is available online.

The bank is still offering a 6.00% APY 13-month CD. I had reported on this special in July.

Branches are located in the Pennsylvania cities of...



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6.00% 13-Month CD at a Philadelphia Bank (Republic First)
Republic First Bank is offering a 6.00% APY 13-month certificate of deposit. The minimum is $5K. It requires new money and you must open an account with direct deposit. This special CD is not listed at the bank's website. It was advertised in today's Philadelphia Inquirer. The ad is available online here. The bank's website does list an alternative CD of 5.50% APY for 13-months without the direct deposit requirement (see pdf).

The bank does have a free checking account without minimum balance requirements. The direct deposit requirement can be a...

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