cds

CD Early Withdrawal Survey: Philadelphia

CD Rates » CD Penalty Chart » Philadelphia

Bankrate.com's 2015 CD Early Withdrawal Penalty Survey collected data in Philadelphia and other cities for 5 of the most common CD maturities being sold today. This chart gives you an easy way to compare CD offerings by institution, metropolitan area and maturity using the survey data we collected in October of this year.

Compare Philadelphia CD rates

Philadelphia

TermInstitutionMinimum depositYieldPenalty for early withdrawalReduction in principal if accrued and unpaid interest is less than the penalty?Grace period on automatically renewable CDsAre early withdrawal penalties the same for retirement CDs?
3-monthBank of America$1,0000.03%90 days' interest on the amount withdrawnYes7 daysNot offered
3-monthBeneficial Bank$5000.15%90 days' interestYes7 daysNot offered
3-monthCitizens Bank (of Pennsylvania)$1,0000.03%$50, plus greater of 90 days' interest on withdrawn amount or half the remaining interest to be earned on remaining balanceYes10 daysYes
3-monthFirstrust Bank$1,0000.1%6 months' interest on amount withdrawnYes7 daysYes
3-monthFox Chase Bank$5000.05%All interest on amount withdrawnNo7 daysYes
3-monthPNC Bank$1,0000.05%3 months' interest on amount withdrawnYes10 daysNot offered
3-monthPrudential Savings Bank$5000.25%3 months' interestYes7 daysNot offered
3-monthSantander Bank$5000.01%3 months' interest on amount withdrawnYes7 daysYes
3-monthTD Bank$2500.2%3 months' interestYes10 daysYes
3-monthWells Fargo Bank$2,5000.01%3 months' interest, minimum $25Yes7 daysYes
6-monthBank of America$1,0000.03%90 days' interest on the amount withdrawnYes7 daysYes
6-monthBeneficial Mutual$5000.35%90 days' interestYes7 daysYes
6-monthCitizens Bank (of Pennsylvania)$1,0000.03%$50, plus greater of 90 days' interest on withdrawn amount or half of the remaining interest to be earnedYes10 daysYes
6-monthFirstrust Savings Bank$1,0000.1%6 months' interest on amount withdrawnYes7 daysYes
6-monthFox Chase Bank$5000.1%All interest on amount withdrawnNo7 daysYes
6-monthPNC Bank$1,0000.06%3 months' interestYes10 daysYes
6-monthPrudential Savings Bank$5000.3%3 months' interestYes7 daysYes
6-monthSantander Bank$5000.01%3 months' interest on amount withdrawnYes7 daysYes
6-monthWells Fargo Bank$2,5000.01%3 months' interest, minimum $25Yes7 daysYes
1-yearBank of America$1,0000.05%180 days' interest on the amount withdrawnYes7 daysYes
1-yearBeneficial Mutual$5000.5%180 days' interestYes7 daysYes
1-yearCitizens Bank (of Pennsylvania)$1,0000.03%$50, plus greater of 180 days' interest on amount withdrawn or half of the remaining interest to be earnedYes10 daysYes
1-yearFirstrust Savings Bank$1,0000.1%12 months' interest on amount withdrawnYes7 daysYes
1-yearFox Chase Bank$5000.2%12 months' interest on amount withdrawnYes7 daysYes
1-yearPNC Bank$1,0000.13%6 months' interestYes10 daysYes
1-yearPrudential Savings Bank$5000.5%6 months' interestYes7 daysYes
1-yearSantander Bank$5000.2%6 months' interest on amount withdrawnYes7 daysYes
1-yearWells Fargo Bank$2,5000.05%3 months' interest, minimum $25Yes7 daysYes
2-yearBank of America$1,0000.1%180 days' interest on the amount withdrawnYes7 daysYes
2-yearBeneficial Mutual$5000.75%180 days' interestYes7 daysYes
2-yearCitizens Bank (of Pennsylvania)$1,0000.03%$50, plus greater of 180 days' interest on amount withdrawn or half of the remaining interest to be earnedYes10 daysYes
2-yearFirstrust Savings Bank$1,0000.1%12 months' interest on the amount withdrawnYes7 daysYes
2-yearFox Chase Bank$5000.3%12 months' interest on the amount withdrawnYes7 daysYes
2-yearPNC Bank$1,0000.25%6 months' interestYes10 daysYes
2-yearSantander Bank$5000.2%6 months' interest on the amount withdrawnYes7 daysYes
2-yearWells Fargo Bank$2,5000.15%6 months' interest, minimum $25Yes7 daysYes
5-yearBank of America$1,0000.15%365 days' interest on the amount withdrawnYes7 daysYes
5-yearBeneficial Mutual$5001.26%180 days' interestYes7 daysYes
5-yearCitizens Bank (of Pennsylvania)$1,0000.03%$50, plus greater of 180 days' interest on amount withdrawn or half of the remaining interest to be earnedYes10 daysYes
5-yearFirstrust Savings Bank$2,5001.34%12 months' interest on the amount withdrawnYes7 daysYes
5-yearFox Chase Bank$5000.55%12 months' interest on the amount withdrawnYes7 daysYes
5-yearPNC Bank$1,0000.6%6 months' interestYes10 daysYes
5-yearPrudential Savings Bank$5001.5%6 months' interestYes7 daysYes
5-yearSantander Bank$5000.3%12 months' interest on the amount withdrawnYes7 daysYes
5-yearTD Bank$2500.85%24 months' interestYes10 daysYes
5-yearWells Fargo Bank$2,5000.35%12 months' interest, minimum $25Yes7 daysYes

Bankrate.com's CD Early Withdrawal Penalty Survey studied 100 banks and thrifts from the top 10 metropolitan markets Oct. 1-13, 2015. Included were the top 5 banks and the top 5 thrifts by deposit size in each market. The top 5 credit unions from across the country by assets also were surveyed. In some instances, the institution did not offer all maturity periods.

advertisement

Show Bankrate's community sharing policy

Connect with us