To start the new year, East River Bank of Pennsylvania is offering some of the highest CD rates in the state.  East River Bank is a community bank, meeting the needs of homes, families, and businesses in the Philadelphia area.  East River Bank offers a full range of financial services for both personal and business customers including a 24-hour ATM service and free online banking at www.eastriverbank.com.  East River Bank has also recently joined the AllPoint Network, a national network of surcharge-free ATM’s.

East River Bank has three promotional CD accounts kicking off 2009.  The bank is promoting a 10 month CD that has an interest rate of 3.50% APY.  The bank has a slightly longer term, 14 month CD that earns an interest rate of 3.60% APY.  And East River Bank, has a 20 month CD that is presently yielding an interest rate of 3.75% APY.  There is a minimum deposit of $2,000.00 for each of these CD accounts.

Along with the promotional CDs, East River Bank is promoting their Ultimate Checking account.  This checking account is a variable rate account that is currently earning an interest rate of 3.50% APY.  The checking account has a minimum balance and opening deposit of $100.00.

Additional service offered by East River bank includes money market accounts with high interest rates and easy access to funds.  The bank money market account allows unlimited deposits or withdrawals at the bank or enjoys the convenience of writing up to three checks per month.  The bank offers automatic loan payment to help customers never worry about a late payment.  Monthly loan payment can be deducted automatically from your East River Bank checking or savings account.  And the bank offers automatic savings plan that slows for the customers deposit to be deducted from an East River Bank checking account automatically: weekly, bi-weekly or monthly.

Interest rates are subject to change, data was updated on January 8, 2008 additional conditions may apply.  A bank representative of East River Bank can be reached at the East Falls Branch at 267-295-6420 or at the Roxborough Branch at 215-482-9401.  The bank web site holds extensive information on the bank products and services as well as current rate information on variety of checking and savings and lending vehicles. The bank web address is www.eastriverbank.com.

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