Special No-Penalty 24-Month CD at Union National Community Bank in PA - Local Only


Union National Community Bank is offering a special 24-month CD with a 2.00% APY. Minimum deposit is $2,500. What makes this CD a great deal is its no-penalty feature. You can make a penalty-free early withdrawal any time after 6 days of opening. However, they don't allow partial withdrawals. If you need to make a withdrawal, you'll have to close the CD.

This special CD doesn't seem to be listed at the bank's website. A reader mentioned this in the comments, and I called the bank today for additional details. The CSR said it should last at least until next Wednesday (2/10/2010). It's available at all of their branches, and they do require you to visit a branch to open an account.

The bank also offers a high-yield reward checking account (see my review).

Branches are located in the Pennsylvania cities of Mount Joy, Lancaster, Columbia, Elizabethtown, Ephrata, Landisville, Manheim and Maytown.

The bank's ratings for safety and soundness are a little mixed: 4 stars (excellent) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 1934 (FDIC Certificate # 7635).

Thanks to the reader who mentioned this CD special in the Open Discussion Thread.