bank rates

Philadephia Deal: 4-Year CD Earns 2.05%

Washington Savings Bank is offering Philadelphia-area savers the chance to beat the top national yield for 48-month CDs, paying 2.05% APY with a $500 minimum deposit.

It also offers a reasonably mild early-withdrawal penalty of six months’ interest, an important selling point as we enter a new era of rising rates once the Federal Reserve makes its first hike.

Washington Savings outdoes the 2.00% APY you can earn from the top-paying nationally available bank certificates on our CD Rates Leaderboard, earning it a spot in our constantly updated roundup of the best credit union and community bank CDs across the country.

Although Washington Savings welcomes customers from throughout the metropolitan Philadelphia area, opening a certificate of deposit requires visiting one of the bank’s five branches in the city.

Before pulling the trigger on any CD commitment, always be sure to check the latest results in Bankrate’s extensive database of the best CD rates from around the country.

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