CD Rates in Pennsylvania for July 2025
Updated July 14, 2025
Now is one of the best times to open a certificate of deposit (CD), with rates higher than they've been in decades. While CD rates have started to slowly decline, they're still outpacing inflation in many cases. Experts predict that while rates will stay relatively high for the near future, they'll likely fall when the Federal Reserve eventually cuts rates. For Pennsylvania residents looking to lock in today's competitive rates, here's what you need to know.
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The following accounts can be found at most banks and credit unions. They’re federally insured for up to $250,000 and offer a safe place to put your money while earning interest.
CDs are best for individuals looking for a guaranteed rate of return that’s typically higher than a savings account. In exchange for a higher rate, funds are tied up for a set period of time and early withdrawal penalties may apply.
Checking accounts are best for individuals who want to keep their money safe while still having easy, day-to-day access to their funds. ATM and other transactional fees may apply.
Savings and MMAs are good options for individuals looking to save for shorter-term goals. They’re a safe way to separate your savings from everyday cash, but may require larger minimum balances and have transfer limitations.