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The national average one-year CD rate is low. It's currently at 0.3 percent. But there are several institutions offering better-than-average rates. You may want to shop for CDs at online banks and credit unions, which tend to offer better yields than some major institutions. Use our survey to find the best CD rates in Philadelphia, PA, and in other areas of Pennsylvania.
Traditional CDs are considered a safe bet. They are insured up to $250,000 per depositor. But it's still important to compare all aspects of a CD before you decide to purchase. That means comparing fees, APY and minimum deposit amounts. You can use our research to find the best CD rates in Philadelphia, PA.
CD rates in Philadelphia, Pennsylvania
Here are the one-year CD rates in Philadelphia, PA, as of 10:00 a.m.
| Institution | APY | Min Deposit |
| Ally | 1.04% | $0 |
| NOVA Bank | 0.8% | $500 |
| Third Federal Bank | 0.4% | $500 |
| Firstrust Bank | 0.1% | $1,000 |
| Sovereign Bank, N.A. | 0.1% | $500 |
| Bank of America | 0.03% | $1,000 |
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