Banking Rates & News

Philadelphia Area

Including 1932 Zaventem, Abington, Absecon, Alburtis, Aldan, Allentown, Alloway, Ambler, Ardmore, Aston, and 388 other towns.

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Banking in the Philadelphia Area

Philadelphia is Pennsylvania’s largest city and has a vibrant banking industry and a large economy; it is also home to seven Fortune 1000 companies. The historical city was founded in 1682 by William Penn and is now home to over 1.5 million people. It boasts many museums and cultural institutions, as well as 67 national landmarks, including Independence Hall.

Nestled within Philadelphia are the headquarters of more than 125 banks and 190 credit unions. The city's oldest remaining bank is PNC Bank, which was originally established in 1804. Some of the other notable banking institutions headquartered in the Philadelphia metropolitan area include Citizens Bank Of Pennsylvania, TD Bank, Chase Bank USA, National Association, and Sovereign Bank. The area boasts an enormous number of bank branches, around 3,850. These branches hail from more than 225 credit unions and 195 banks. The city is also home to The Federal Reserve Bank of Philadelphia, which helps to design and implement monetary policy and supervises both banks and bank holding companies.

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Local Deals & News

15 Month CD 2% APY
15-month CD - 2.00% $500 minimum balance And importantly; Can have one-time penalty-free withdrawal after 6 months for up to 50% of balance. CD must be funded with new money.
Penfed Lifts Savings Rates To .7% APY
They lifted their Premium Online Savings account to .7% APY (from .6%). Sadly, while one of the first to move higher in this new interest rate environment... .7% is just
M&T Bank Extends $150 and $250 Bonuses Through July 31, 2022
Deal Summary: $150 or $250 bonus when opening a new checking account and establishing direct deposit now through July 31, 2022. Availability: Market area includes CT, DE, FL, MA, ME,
TD Bank Extends $200 Savings and $300 Checking Bonuses Again
Deal Summary: $200 bonus, TD Beyond Savings or TD Simple Savings; $300 bonus, TD Beyond Checking; now through October 31, 2022. Availability: Available online in CT, DC, DE, FL, ME,
Citadel (SE PA) Adds Two Competitive 14-Month CD Specials
Deal Summary: 14-month CD Special, 1.50% APY, $500 minimum deposit; 14-month Bonus CD Special, 1.55% APY, $75k minimum deposit. Availability: Pennsylvania counties of Bucks, Chester, Delaware, Montgomery and Philadelphia, and
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