bank rates

Pennsylvania And New Jersey Deal:
11-Month CD Rates At 2.00% APY

The 11-month CD rates at Customers Bank are too good for savers in Pennsylvania and New Jersey to pass up.

It’s paying 2.00% APY with a $500 minimum deposit.Customers Bank is paying savers in Pennsylvania and New Jersey 2.00% APY.

That’s nearly a half a percentage point more than the top nationally available 12-month CD rates and a quarter-point more than the best nationally available 24-month CD rates. (See our latest CD Rates Leaderboard.)

Pennsylvania and New Jersey residents can buy these special certificates of deposit online and at Customers Bank’s locations in Doylestown, Langhorne, Malvern, Newton Square, Wayne, Wyomissing and Yardley.

But if you go to the branches in Kimberton and Phoenixville, the rate is only 1.75% APY with a $500 minimum deposit.

Click here to compare this offer from Customers Bank with the best CD rates from scores of banks in our database.

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Comments (6)
1 Star2 Stars3 Stars4 Stars5 Stars (7 votes, average: 4.14 out of 5)
6 Existing Comments
  1. Lightrider said:
    on November 19th at 12:32 am

    Interest is credited quarterly NOT daily. Heck w/ that!!

  2. CrankySaver said:
    on November 19th at 11:37 am

    You’re getting worked up over nothing. Lets say you put $1,000 into an 11-month CD at 1.99% (which is the actual interest rate, not the APY.) If the interest is compounded daily, you’ll have $1,018.41 when the CD matures. If the interest is compounded quarterly, you’ll have $1,018.36. That’s a difference of 5 cents. No one should walk away from a good rate like this over that.

    You can see for yourself with this CD calculator:

  3. Mojave Jack said:
    on November 21st at 01:54 am

    I can understand the concern over a savings or money market account, but a CD? You’re putting the money away for a fixed time and can’t withdraw it w/o a penalty until it matures. So who cares when the interest is posted as long as it’s all there when you reach maturity?

  4. Raph said:
    on December 2nd at 08:25 am

    Apparently there’s a $5000 cap on this 11-month promotion. Still not a bad deal.

  5. RateRunner said:
    on December 2nd at 11:08 am

    We just called Customers Bank and confirmed that this deal has no maximum. However, if you transfer money for the CD online, there is a $5,000 limit due government regulations. This is easily avoidable by printing out your paperwork and mailing it in with a check.

  6. Avidhunter said:
    on December 6th at 11:08 pm

    I just opened an account and funded this CD. EVERYONE should take advantage of this good deal.