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4.50% 20-Month CD at Allegiance Bank in Philadelphia


Update 11/27/08: The CD rates have changed. Please check the bank's website for the latest rates and specials.

Allegiance Bank is offering a CD promotion with a 4.50% APY 20-month CD and a 4.25% APY 15-month CD. The minimum deposit is $5,000, and new money is required.

This bank also offers a reward checking account that currently pays 4.00% APY on balances up to $50K (see post).

The bank appears to require a branch visit to open an account. Branches are located in Philadelphia, Pennsylvania and its suburbs (Bala Cynwyd, Berwyn, Bridgeport/King of Prussia, Old City, and Worcester). The bank has been FDIC insured since 1999 (FDIC Certificate # 35078).

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Anonymous   |     |   Comment #1
Allegiance has recently raised the limit to $250,000 for the Rewards Checking account. Pays 1.01% above $250,000.