Competitive 21-Month CD at Stonebridge Bank in PA - Available Nationwide

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Stonebridge Bank has a new 21-month CD special with a 2.30% APY. There's also a special 14-month CD with a 1.80% APY. Minimum deposit is $500. These are also available in an IRA. These rates are listed in the bank's Certificate of Deposit Page as of 2/08/2010.

There's an online application, and according to this FAQ page, people from any state can apply. Some of the important CD details listed in the FAQ pages and in the disclosure include:

  • Interest will be compounded every day. Interest will be credited to your account every month
  • Early withdrawal penalty is 90 days of interest for terms under 12 months, 180 days for terms from 12 to 36 months.
  • 10 calendar grace period at maturity
  • CD can be funded by check or wire transfer (can't be done by ACH)
  • Incoming wire transfers are free. Outbound domestic wire transfers cost $20

I also received a few additional details from the CSR when I called their toll free number (800-807-1666) in 2008:

  • The CD rate locks only when they receive the funds
  • They require written instructions if you want to close the CD at maturity
  • At maturity, they can mail you a check or they can wire transfer the funds ($20 fee)

Stonebridge Bank also has some decent money market and checking accounts. The Premier Money Market Account has a 1.25% APY on all balances as of 2/08/2010. Minimum balance of $1,000 is required to avoid a $10 monthly fee.

Stonebridge Bank's financial ratings for safety and soundness have gone down a bit since my last post in September. Their current ratings are a little weak: 3 stars (adequate) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 9/30/09 financial data.

Stonebridge Bank is based in Pennsylvania with branches in Blue Bell, Warminster, Exton and West Chester. The bank has been a FDIC member since 1999 (FDIC Certificate # 35077).

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2.14% 14-Month CD at Stonebridge Bank in PA - Nationally Available
Stonebridge Bank has a new 14-month CD special with a 2.14% APY. Minimum deposit is $500. This is also available in an IRA. This rate is listed in the bank's Certificate of Deposit Page as of 9/15/09.

My last post on this bank was in November 2008 when it was offering a 4.25% 14-month CD. The current CD rate is much lower, but it's still very competitive in today's low-rate environment.

There's an online application, and according to this FAQ page, people from any state can apply. Some of the important CD...



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4.25% 14-Month / 4.00% 9-Month CD at Stonebridge Bank in PA - Nationally Available
Update 11/29/08: The CD rates have fallen. The 14-month and 9-month APY is now 3.95%. Refer to the bank's website for the latest rates.

Stonebridge Bank has a new 14-month CD special with an APY of 4.25%. The bank continues to offer a 4.00% APY 9-month CD. The minimum deposit is $500. These are also available in an IRA. These rates are listed in the bank's Certificate of Deposit Page as of 11/27/08.

There's an online application, and according to this FAQ page, people from any state can apply. Some of the...



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4.00% 9-Month CD at Stonebridge Bank - Nationally Available
Stonebridge Bank is offering a 4.00% APY 9-month CD. The minimum deposit is $500. It's also available in an IRA. More details are available in the bank's Certificate of Deposit Page.

There's an online application, and according to this FAQ page, people from any state can apply. Some of the important CD details listed in the FAQ pages and in the disclosure include:
  • Interest will be compounded every day. Interest will be credited to your account every month
  • Early withdrawal penalty is 90 days of interest for terms under 12 months
  • 10 calendar grace...



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Stonebridge Online Bank - 5.50% 18-Month CD
Stonebridge Bank is offering a 5.50% APY 18-month certificate of deposit. The minimum is $500. Longer terms are also available at this yield. Their 12-month and 6-month CDs have APYs of 5.25% and 5.00% (rate page).

You can open the CD accounts online. The accounts are available to residents of any state. They don't seem to have an ACH transfer system. Initial deposits have to be mailed. Free incoming wire transfers are available for additional deposits. Refer to their FAQ page for more info.

In addition to CDs, they also offer some...



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