Firstrust Bank of Conshohocken, PA has a new certificate of deposit promotion that offers depositors an enticing combination of benefits in a rising interest rate environment. Consumers that are concerned about locking in long term contracts when rates are heading higher but still want a competitive yield will find the best of both worlds with the Firstrust Bank CD rate promotion.

The Firstrust Bank new certificate of deposit promotion sports an interest rate of 1.76% and a term of just 9 months.  That’s a yield that is more than five times the national average bank CD rate for a one year term certificate and almost ten times the average rate found on six month term bank CDs (Source: https://www.fdic.gov/regulations/resources/rates/).

Interest earned on the bank CD is compounded daily.  Along with the minimum $2,500.00 deposit, there is a maximum allowable deposit of $500,000.00.  Account holders get free access to account information through internet, mobile and telephone banking at Firstrust.

To obtain the promotional certificate and advertised interest rate, banking customers must open an account with at least $2,500.00 of new funds with the bank.  New funds are funds not currently on deposit with Firstrust Bank or through Firstrust Financial Resources.  Accounts can be opened through the bank’s online application and funding by transferring funds from another financial institution by external transfer or by visiting one of the bank branch locations.

Firstrust Bank is one of the top 15 largest banks based in Pennsylvania.  The bank provides both retail and commercial services through its 18 bank branch locations in Bucks, Burlington, Lehigh, Montgomery and Philadelphia counties.  Along with an assortment of certificate of deposit products, Firstrust offers a wide variety of deposit products, consumer and business loan options, residential and commercial real estate mortgages, as well as cash-management products.

Annual Percentage Yield (APY) listed is accurate as of 3/10/2018.  APY subject to change at any time without notice.  A penalty will be imposed for early withdrawal.  There is a seven-calendar day grace period at maturity of the CD account.  If the bank is not notified that the account holder wishes to withdraw their funds or not renew the account, the certificate will automatically renew.  The renewal interest rate and annual percentage yield (APY) will be determined at the time of renewal.

For more information about the bank CD rates in Pennsylvania or other bank account information, visit firstrust.com or call a Firstrust Bank customer service representative at 800-220-BANK. Additional terms and conditions may apply.

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