3rd Federal Bank now offers a 4 year CD with a rate of 4.00%.  The balance amount required to open the CD account and receive the advertised rate is $500.00.  3rd Federal Bank has 14 branches in Bucks, Mercer, and Philadelphia counties.  3rd Federal Bank offers a wide-ranging menu of personal and business banking services.  The banks products and services include totally free checking, high interest money market account, CDs, loan products, cash management and online banking.  The 4 year, 4% interest rate CD is a limited time offer, certain conditions may apply, rates subject to change without notice.  3rd Federal Bank can be reached at 888-918-4473. 

3rd Federal Bank offers competitive rates on more than just this CD account, the bank offers competitive rates on broad mixture of both loan and deposit products.  The bank has loan products that present a 1/4% rate reduction with auto payment from a 3rd Federal Bank checking account.  The web site for the bank displays the interest rates for the following products; certificates of deposit, savings, money market accounts, checking, Individual Retirement Accounts, home equity loan rates, mortgage rates, auto loans and personal loans.  The bank web address is www.thirdfedbank.com

TF Financial Corporation, TF Financial Corporation is a holding company whose principal subsidiary is Third Federal Bank, reported net income on October 23, 2008 of $1,250,000 for the third quarter of 2008, compared with $1,188,000 for the third quarter of 2007.  Net income for the nine month period ended September 30, 2008 was $3,715,000 compared with $3,623,000 for the first nine months of 2007.  A few key highlights from the report include: net interest income before the loan loss provision increased by 8.0% compared to the third quarter of 2007, and by 4.2% compared to the linked quarter.  At September 30, 2008 loans outstanding were $548.3 million, up 5.8% from December 31, 2007.  Total deposits were $492.5 million, an increase of 4.3% from December 31, 2007.  Non-performing loans decreased by $2.7 million or 51.2% during the first nine months of 2008.  In addition, total non-performing assets as a percentage of total assets decreased to 0.41% at September 30, 2008 compared to 0.76% at December 31, 2007.  During the third quarter of 2008 the bank recorded a provision for loan losses of $150,000 compared to no provision during the year earlier quarter, bringing the total loan loss reserve to $3.0 million or 0.54% of total loans at September 30, 2008.  President Kent C. Lufkin is quoted on the bank website as stating, “…We have maintained our conservative, basic banking strategy which includes completely avoiding toxic problems such as sub-prime loans and securities, CDO’s, and Fannie Mae and Freddie Mac preferred stock.”

The bank ad and website information was reviewed on December 1, 2008.

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