Banking Rates & News

Philadelphia Area

Including Philadelphia, Wilmington, Allentown, West Chester, Bethlehem, Reading, Trenton, Doylestown, Cherry Hill, Easton, and 414 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

First Resource Bank (SE Pennsylvania) Ups 12-Month CD (2.60% APY)
Availability: 12-month CD, 2.60% APY, $500 minimum deposit Availability: Southeast Pennsylvania First Resource Bank has raised the rate on its 12-month CD (2.60% APY). The minimum opening deposit is $500,
2.25% APY 16-Month CD Special In Florida - Valley National Bank
2.25% APY Promo Rate, 16-month CD Available in Florida for new money only Minimum deposit of $500 is required to open Maximum deposit of $2,000,000 per household. You are required
Small CD Rate Increases At Barclays
12 Month CD 2.23% 2.25% 18 Month CD 2.32% 2.35% 24 Month CD 2.42% 2.45% 36 Month CD 2.52% 2.55% 48 Month CD 2.62% 2.65% 60 Month CD 2.81% 2.85% Most up 5 basis points. 12 and 60 are competitive, but other
Money Market, 1.75% APY, $25,000+
My Banking Direct has raised the rate on its Money Market account. 1.75% APY - $25,00,+ 1.50% APY - $5,000+ 0.25% APY - below $5,000 Minimum opening deposit is $2,500
Barclays Raises Online Savings Account Rate
Deal Summary: Online Savings Account (1.65% APY); no minimum balance. Availability: Nationwide (internet bank) This morning Barclays raised its Online Savings Account rate by 15 bps. The new rate is
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