Washington Savings Bank has just upped the rates on their long term, high yield certificates of deposit.  The bank now has some of the best CD rates on four and five year certificate accounts.  The CD accounts at Washington Savings have fixed rates for the term of the account with guaranteed yields protected by the safety of FDIC insurance.

The current CD rates at Washington Savings include a four year CD with an interest rate of 2.05% and a five year CD that earns a rate of 2.20%.  The three year CD account promoted by the bank is not too shabby either with a yield of 1.50%.  Additional bank CDs are available with terms from  three months on up to five years.

These high yield CD rates are available to bank customers with a small, minimum opening deposit of just $500.00.  The five year term certificate can also be held as an IRA CD.  The minimum deposit for an IRA account is $250.00.  Early withdrawal penalties will apply to withdrawals of principal before the maturity date.  Additional terms and conditions may apply.

Washington Savings Bank is a Philadelphia based community savings bank.  The bank offers a full range of checking, deposit and loan products to consumers and businesses.  The CD accounts and rates listed are available in the market area served by the bank which includes Philadelphia and the greater Philadelphia region.  Washington Savings operates five bank branch locations in Philly and is the seventh largest bank headquartered in “The City of Brotherly Love”.

The annual percentage yields listed are current as of December 14, 2015 and are subject to change at any time prior to opening an account.  More information about the bank and bank CD rates can be obtained by visiting the financial intuition’s web site at washingtonsav.com or by calling the Washington Savings customer service number at 215-698-9400.

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