CD Rates in Pennsylvania for June 2026
Updated June 9, 2026
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Certificates of deposit (CDs) are easy to open and provide a guaranteed return, meaning your money is safe to grow at a set rate. If you're looking for a conservative investment option in Pennsylvania, knowing the basics can help you compare your options effectively.
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Compare rates
See savings and CD rates from different banks and credit unions in one place, so you can quickly compare your options.
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Check the rate, terms and requirements, then pick the account that helps your savings grow faster.
Continue to the bank
Click through to the bank or credit union to open your account and start earning interest.
How to compare the best CD rates in Pennsylvania
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Term
This is how long your money is held by the bank or credit union. CD terms typically range from three months to five years — shorter terms than this usually have such poor rates they aren't worth it.
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Yield
The annual percentage yield (APY) is the amount of interest earned on a CD over one year, and includes compound interest. The longer you leave your money in a CD, the more your interest grows.
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Minimum deposit
Minimums between $500 and $1,000 are common at institutions Bankrate tracks, but some don't have a minimum at all. If you have a lot to invest, have a look at jumbo CDs.
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Penalties and fees
Unlike a savings or money market account, you can't freely pull money out of a CD. You'll typically be charged a penalty equal to several months of interest, but it varies depending on the institution and the CD's term.
Don't miss credit union rates
You may be able to find more competitive yields with online banks and credit unions than you would at Pennsylvania's brick-and-mortar banks. Online banks have lower overhead, while credit unions are not-for-profit and pass earnings to their members in the form of higher APYs and lower fees.
You can look for local credit unions in Pennsylvania via a search engine and check out their membership requirements and CD offerings (which they may call "certificates" or "share certificates"). Or visit the National Credit Union Administration (NCUA's) finder tool to search and confirm the credit union you go with is federally insured.
These are the biggest Pennsylvanian credit unions that don't restrict membership based on employer and offer CDs:
How to decide whether you want a long- or short-term CD
According to data Bankrate gathers on hundreds of banks, terms under six months typically have significantly lower yields than longer terms. Even if you find a high rate on a lower term, your deposit doesn't have as long to earn interest.
Next steps to take out a CD in Pennsylvania
Research methodology
Since 1976, Bankrate has been a leading publisher of rates and personal finance articles. We help our readers make smarter financial decisions, adhering to strict principles of editorial integrity and transparency.
Part of Bankrate’s editorial team is made up of a group of banking experts. These experts have collectively researched over 100 banks and review current details at least monthly to make sure readers stay up to date on the latest rates and bank products. If you see a star rating next to a product, that has been established by one of our banking experts, and is not influenced by partner status.
Note: Bankrate doesn’t include callable CDs or brokered CDs on this page and compares regular CDs and no-penalty CDs separately.