Philadelphia, PA is offering competitive CD rates for local customers. A certificate of deposit is a good way to start saving money with very little risk.
If you’ve been lucky enough to save some money in the past few years, a CD is a good option to help you get more out of your money.
Most CDs in Philadelphia are offered as fixed term accounts, meaning your money will be tied up for a specific length of time. 
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
1.10% As of May 14, 2012 |  | CIT Bank | CD Account |
1.09% As of May 15, 2012 | | Ally Bank | CD Account |
| Highest RatesRecent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
1.28% As of March 14, 2012 | View Rate Details | Public Savings Bank | CD Account |
1.25% As of May 4, 2012 | View Rate Details | Cecil Bank | CD Account |
1.20% As of May 16, 2012 | View Rate Details | Hyperion Bank | CD Account |
1.20% As of May 3, 2012 | View Rate Details | The Bank of Princeton | CD Account |
1.18% As of May 4, 2012 | View Rate Details | Union Center National Bank | CD Account |
1.15% As of May 11, 2012 | View Rate Details | Monument Bank | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
| Hyperion Bank - 12 Month CD Account | 1.02% to 0.75% | May 16, 2012 | |
| Superior Credit Union - 12 Month CD Account | 0.90% to 0.60% | May 16, 2012 | |
| Polonia Bank - 12 Month CD Account | 0.60% to 0.50% | May 14, 2012 | |
| Susquehanna Bank - 12 Month CD Account | 0.25% to 0.20% | May 10, 2012 | |
| Century Savings Bank - 2 Year CD Account | 1.21% to 1.05% | May 9, 2012 | |
| Franklin Mint Federal Credit Union - 12 Month CD Account | 0.50% to 0.40% | May 8, 2012 | |
Philadelphia is home to the very busy Philadelphia Stock Exchange. You may be tempted to play the stock market, but you may also want to balance your portfolio with such stable investment vehicles as certificates of deposit.
Philadelphia Banking Rates could help you with that because we know where to find the best CD rates.
Philadelphia Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.
A clear advantage of investing in CD‘s is that CD Rates are fixed, meaning you lock in an interest rate for the entire term of the CD, and it does not change. When interest rates are dropping, your CD stays at a higher rate. If you money is in a savings account, or interest paying checking account, your interest rate will drop daily, if rate are falling. Learn from Philadelphia Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.
