For consumers and investors looking for a safe investment vehicle in Pennsylvania, certificates of deposit at Continental Bank may be a viable option.  Continental Bank is a full service, locally owned community bank in Pennsylvania.  The bank has nine bank branches in Pennsylvania including one in Philadelphia and the headquarters in Plymouth Meeting.  Continental Bank has been FDIC insured since September 7, 2005.  As of September 2008, the bank had total assets of $428,189,000.  Net operating income for the fist nine months of 2008 was a loss of $754,000.  Continental Bank is chartered as a Savings Association.  Therefore the primary regulator is the Office of Thrift Supervision.

The bank offers a comprehensive range of accounts and services including: several different checking accounts, a money market account that offers a better interest rate than other checking or savings accounts while still giving the account holder the ability to access their funds easily, statement savings accounts, a variety of loan options and certificates of deposits with terms ranging from 91-days to 5-years with high-yielding rates that are guaranteed for the length of the term.

The bank has the following CD rate specials; a 1 year CD that has an interest rate of 3.01% APY and an 18 month CD that yields a rate of 3.26% APY.  The bank is also offering a 30 month bump up CD that earns an interest rate of 3.76% APY.

For the 30 month Bump Up CD, the interest rate and APY may be increased only one time during the initial term to equal the current advertised interest rate and APY for a 30 month Bump Up CD.  This CD rate and APY will only apply for the remaining time of maturity.

3 month CD rate is 1.75% APY
6 month CD rate is 2.00% APY
2 year CD earns a rate of 2.50% APY
30 month CD has an interest rate of 2.55% APY
3 year CD rate is 3.60% APY
4 year CD yields an interest rate of 3.60% APY
5 year CD rate is 3.60% APY

All rates quoted above are fixed rates.  CDs with a term less than one year and special CDs have a $1,000 minimum deposit required to open.  CDs with a one year term and greater have a $500 minimum deposit required to open.

The CD rates and APYs listed are accurate as of today’s date and are subject to change without notice.  For current bank rate information, contact a bank representative at 800-705-5500.  The bank web site also holds timely account information including CD rates, the web address is www.thecontinentalbank.com.

Tags: , , , , , , , , ,

No user commented in " CD Rate at Continental Bank "

Follow-up comment rss or Leave a Trackback

Leave A Reply

 Username (*required)

 Email Address (*private)

 Website (*optional)