Firstrust Savings Bank has certificates of deposit for consumers in eastern Pennsylvania and southern New Jersey that offer a number of safe, fixed-rate earnings options. The bank CDs promoted by Firstrust have flexible maturity terms and competitive interest rates in the region served by the bank. With the range of option available through Firstrust Bank, account holders can use the CDs to meet a variety of objectives including asset growth, income, liquidity, capital preservation, and tax minimization.
Firstrust Bank has traditional bank CDs with short and long term maturities as well as IRA CDs with short and long term maturities. The short term CDs and IRA CDs at Firstrust Bank are fixed rate certificates that have terms less than 12 months. The Firstrust Bank long term CDs and IRA CDs are fixed rate certificates that have terms of 12 months and can run as long as seven years.
All CD accounts earn interest that is compounded daily on the short term CDs. The accounts come with an automatic renewal feature when the term ends with a grace period. The bank provides free access to account information through online banking and telephone banking. All of the accounts currently offered are fixed interest rates accounts, the interest rates are guaranteed for length of term. Early withdrawal penalties apply.
Firstrust Savings Bank also offers jumbo CD rates for minimum deposits of $100,000.00. These accounts are relatively short term with maturities of seven days up to one year. There is a maximum deposit amount of $500,000.00 on the jumbo CDs. The jumbo CD accounts earn simple interest credited at maturity. Account holders can choose the number of days until maturity for jumbo CD products.
Due to market fluctuations, the CD interest rates at Firstrust in PA and NJ are subject to change at any time and without notice. The competitive CD rates are updated regularly based on current money market and economic conditions. Rates vary based on term. Because rates and offers change frequently, current rates and terms can be obtained by calling a Firstrust Savings Bank representative or visiting one of the local branches.
Firstrust Savings Bank provides both retail and commercial services through its 20 banking offices located in Bucks, Burlington, Chester, Lehigh, Montgomery and Philadelphia counties. Firstrust offers a wide variety of deposit products, consumer and business loan options, residential and commercial real estate mortgages and cash-management products. For more information on the current NJ and PA CD rates and account conditions, visit the website at firstrust.com or call the bank directly at 800-220-2265.