Wilmington Savings Fund Society, aka WSFS Bank, has added two Promotional Fixed Rate CDs: 22-month (1.50% APY) and 37-month (1.80% APY). The minimum opening deposit is $2.5k, with no stated balance cap.
Both are also offered as IRAs (Traditional) earning the same APYs, with the same funding requirements.
As stated on the Fixed Rate CD page, the Early Withdrawal Penalty reads as follows:
For a term of 13 or more months, the penalty is 12 months' interest.
Headquartered in Wilmington, Delaware, WSFS Bank’s in-branch market area includes Delaware and southeast Pennsylvania, but also offers its product line and services through the internet to residents of Maryland, New Jersey, and Virginia.
Opening a CD can be done online, or in-person at any of 35 Delaware branches or 25 southeast Pennsylvania branches.
WSFS Bank’s website has a “Schedule A Visit” form, to expedite an in-branch visit.
Tell us a bit about yourself and a WSFS Associate will contact you to set up an appointment.
WSFS Bank (FDIC Certificate # 17838) has an overall health rating of "A+" at DepositAccounts.com, with a Texas Ratio of 3.30% (excellent) as of June 30, 2016 data. In the past year, WSFS Bank increased its total deposits by $1.18 billion, an excellent annual growth rate of 32.18%. Please refer to our financial overview of WSFS Bank for more details.
Chartered as a Delaware thrift in 1832 by a group of Wilmington community leaders and businessmen, Wilmington Savings Fund Society is one of the ten oldest banks in the United States continuously operating under the same name. In the past 20 years, the Bank has acquired 3 banks in Pennsylvania and 2 banks in Delaware, to become Delaware’s 7th largest bank, with $6.6+ billion in assets.
How the CDs Compare
When compared to the similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available with the Bank’s market area, WSFS Bank’s 37-Month Promotional CD currently ranks second.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|1.85% APY||37-Month CD Special||RTN Federal Credit Union|
|1.80% APY||37-Month Promotional CD||WSFS Bank|
|1.71% APY||35-Month CD Special||USALLIANCE Financial|
The above rates are accurate as of 11/30/2016.