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East River Bank

2.80% 10-Month CD & 2.95% Checking at East River Bank in Philadelphia


East River Bank continues to offer competitive CD specials. The rates have fallen since my December post, but they're still competitive. The rates include 2.80% APY for 10 months, 2.90% APY for 14 months and 3.00% APY for 20 months. Minimum deposit is $2,000. These are listed in the bank's Rates Page as of 3/20/09.

The bank continues to offer a checking account called Ultimate Checking which pays a very competitive rate. It's now 2.95% APY for balances of at least $100. It's down from 3.65% in December. When I called last year about this account, I was told that it's not a reward checking account. There are no other requirements to receive this top rate, and there is no balance cap. Like any checking account, the rate can change at any time.

The bank has two offices located in Philadelphia, PA.

East River Bank continues to have solid ratings for financial soundness: 4 stars (excellent) at BauerFinancial (based on 12/31/08 data) and 4 stars (sound) at Bankrate.com (based on 9/30/08 data). East River is a new bank that was just established in 2006. It's FDIC insured (FDIC Certificate # 58171).

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For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.

Related Pages: East River Bank, Philadelphia, CD rates

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ADO (anonymous)   |     |   Comment #1
East River Bank now requires a visit to open an account.

Ultimate Checking Acct interest rate for the week of April 26 has been 2.80%.