Tioga-Franklin Savings Bank (PA) Features 5-Year Franklin Gold CD


Availability: Market area includes the Philadelphia metropolitan area.

Last week, I introduced DA readers to Tioga-Franklin Savings Bank’s (Tioga-Franklin) new Kasasa Cash (2.00% APY up to $25k) and Kasasa Saver (1.00% APY up to $50k).

Tioga-Franklin is also promoting its 5-year Franklin Gold CD (2.10% APY). The minimum opening deposit is $5k, with no stated balance cap.

2.10%$5k-Tioga-Franklin Savings Bank5 Year Franklin Gold CD Special
Accounts mentioned in this post. Rates as of October 25, 2016.

This CD has two notable features that increase its competitiveness:

Protection Against a Fed Rate Increase

If the Fed ever decides to increase rates, you can rest easy with your FRANKLIN GOLD account. You have an option during the term of the CD to get an increase to the current 5 year rate Tioga Franklin Savings Bank offers for the remaining term, at no cost to you. Just ask, and you will receive the increase. As an added feature, we will e-mail you anytime our 5 year rate changes.

Access to Your Funds

There is a penalty that will be applied against funds being withdrawn early. But this penalty
has a Loyalty Factor, the longer the funds are kept on the deposit, the lower the penalty.

This is essentially a graduated, decreasing Early Withdrawal Penalty. The Franklin Gold page states, “The table below shows the net earnings after penalty for varying maturities.” Unfortunately, there is no table, but CSR gave me a few examples of the Loyalty Factor.

    1.50% penalty if withdrawal is made within the first six months of the CD’s term.

    1.25% penalty if withdrawal is made within the first seven to twelve months of the CD’s term.

The penalty continues to decrease throughout the life of CD, with the small penalty (0.25%) occurring within the last six months of the term.


Headquartered in Northeast Philadelphia, Tioga-Franklin Savings Bank’s market area is the greater Philadelphia metropolitan area.

Opening a Kasasa Cash or Kasasa Savings account must be done at the single Pennsylvania branch, which is located on East Girard Avenue in the historic Fishtown neighborhood of Philadelphia.

Tioga-Franklin’s online banking platform is currently limited to account management and bill payment services.

Bank Overview

Tioga-Franklin Savings Bank (FDIC Certificate # 33802) has an overall health grade of "B" at DepositAccounts.com, with a Texas ratio of 10.48% (excellent) based on June 30, 2016 data. Tioga-Franklin has an excellent capitalization level (14.90%), the result of holding $33.76 million in assets with $5.03 million in equity. Please refer to our financial overview of Tioga-Franklin Savings Bank for more details.

Tioga-Franklin Savings Bank was established as the Tioga Building and Loan Association in 1873, an odd time to open a B&L as the country suffered through the Panic of 1973, which preceded a six year economic depression. Known for stability and personal service that George Bailey would approve of, the B&L grew for 100 years, and in 1973 merged with Franklin Savings and Loan Association, forming the Tioga-Franklin Savings Association. In 2000, Tioga-Franklin changed to a mutual savings bank and became FDIC insured.

Tioga is one of those words that most Americans are familiar with, but aren’t quite certain what it means. The word is derived from a Native American word that means “the forks of a stream.” There are rivers named Tioga in New York, Pennsylvania, New Hampshire, and Michigan.

How the Franklin Gold CD Compares

When compared to the 290 CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available with the Bank’s market area, Tioga-Franklin Savings Bank’s 5-year Franklin Gold CD APY currently ranks seventh. The one-time bump up option and Loyalty Factor only enhance its intrinsic value.

Interest RateCD Length of TermCredit Union/Bank
2.30% APY60-Month CDMountain America Credit Union
2.28% APY5-Year Share CertificateGarden Savings Federal Credit Union
2.10% APY5-Year Franklin Gold CDTioga-Franklin Savings Bank

The above rates are accurate as of 10/6/2016.

To search for the best CD rates, both nationwide and state specific, please refer to the CD rates section of DepositAccounts.com or our Rates Map page.

Tioga-Franklin Savings Bank (PA) Adds New Kasasa Cash/Saver
Availability: Market area includes the Philadelphia metropolitan area.

Last week, Tioga-Franklin Savings Bank (Tioga-Franklin) introduced its new Kasasa Cash account that earns 2.00% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.05% APY, with non-qualify balances earning 0.01% APY.

Kasasa Cash Checking Qualification Requirements

  • At least 12 debit card purchases.
  • Be enrolled in and receive eStatements.
  • Be enrolled in and log into Online Banking.

The Kasasa Cash account has no minimum balance requirement or monthly service fee, but does require a $100 minimum opening deposit. Nationwide ATM...

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