bank rates

Yield On Local 4-Year CD Looks Appealing

Sewickley Savings Bank is paying Pittsburgh-area savers 2.00% APY on 48-month CDs.

That’s a half point more than you can earn with the best nationally available 36-month CD on our CD Rates Leaderboard.

That term’s top rate tumbled from 1.70% APY to 1.50% APY last week, making local deals like this look even better.

Although Sewickley Savings requires a modest $500 minimum deposit, you must live in the Pittsburgh area and go to one of the bank’s three branches in Sewickley, Coraopolis or McKees Rocks to buy a certificate of deposit.

UPDATE 4/10/15: Sewickley has dropped the yield on its 48-month CD to 1.50% APY, which matches the best nationally available 36-month rate.

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