National Penn bank is running a first-rate special on their certificates of deposit.  The bank currently has two short term CDs it has promotional offers on.  The first CD is a 13 month CD with an interest rate of 4.02%.  This CD requires the accountholder to open a National Penn checking account as well.  The second offer is for a13 month CD that does not require a checking account and has an interest rate of 3.85%.  Both CDs require a $500.00 minimum investment.

In order to obtain the higher yielding 13 month CD, the accountholder has to open a personal checking account with the bank.  National Penn offers several personal checking accounts including a free checking account, an interest bearing checking account, student checking accounts, group checking and a ValuePlus checking account.

National Penn offers its customers a full menu of consumer retail products and services to match a variety of banking needs.  Their products include the checking accounts, savings accounts, consumer loans, residential mortgages, electronic banking services, personal credit cards, and asset management for individuals.  The bank also offers business services like checking and savings accounts, commercial lending, SBA guaranteed loans, commercial leasing as well as many novel products like online foreign exchange and cash management.

National Penn Bancshares, the parent company of National Penn Bank, operates 127 community banking offices: 124 in Pennsylvania and one office in Maryland through National Penn Bank and its FirstService Bank, HomeTowne Heritage Bank, KNBT, and Nittany Bank divisions, and two offices in Delaware through its wholly-owned subsidiary Christiana Bank & Trust Company.  Based on its asset size of $9.2 billion, National Penn Bancshares, Inc. is the fifth largest bank holding company headquartered in Pennsylvania.

The CD rates reviewed are good as of December 7, 2008.  All rates, terms, and conditions are subject to change without notice.  Call the bank at 800-822-3321 for current rate confirmation and account fees and information.  The website can be found at www.natpennbank.com.

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