Best CD Rates in Pennsylvania
Vikram Singh
Best 6-Month CD Rates in Pennsylvania

Bank or Credit Union Name: Capital One
Minimum Amount: $0
APY / Rate: 5.00%
Pros:
- No minimum balance required
- Interest is paid end of the term, monthly,, or annually
- 5-minutes easy account opening process
- FDIC-insured investment options
Rules:
- A CD account can be opened online by accessing the website if you are already a member of Capital One bank.
- Interest is accrued daily but paid and compounded monthly.
- Premature withdrawal from the CD is subject to a penalty.

Bank or Credit Union Name: My Banking Direct
Minimum Amount: $2500.00
APY / Rate: 4.50% APY
Pros:
- The high yield rate of interest
- A decent minimum amount required
- FDIC-insured banking option
- Strong customer support system
- $0 Monthly maintenance fee
Rules:
- To open a CD an investor can approach the bank online or in-branch.
- Less than six months: 30 days’ simple interest on the principal amount withdrawn
- 6 months up to and including 11 months: 90 days’ simple interest on the principal amount withdrawn
- 12 months up to and including 35 months: 180 days’ daily compound interest on the principal amount withdrawn
- The interest on the CD is compounded monthly.
Best 12 Month CD Rates in Pennsylvania

Bank or Credit Union Name: Synchrony Bank
Minimum Amount: $0
APY / Rate: 4.50%
Pros:
- No minimum balance required
- Higher interest rates
- Accurate saving solution with a CD ladder
- CD calculator available on the bank website
Rules:
- Withdrawing principal prior to the maturity date earns a penalty
1. Term less than one year- 90 days of simple interest
2. The term more than one year and less than 48 months- 180 days of simple interest
3. The term more than 48 months: 365 days of simple interest - Interest can be withdrawn anytime during the CD term without any penalty
- Interest can be transferred to Synchrony bank account or other bank saving accounts

Bank or Credit Union Name: BMO Harris
Minimum Amount: $1000
APY / Rate: 5.000%
Pros:
- Top-tier interest rates in CDs
- A decent minimum balance amount
- Secure banking over the telephone, online, or at the branch
- FDIC insured bank
Rules:
- CDs can be closed or funds can be withdrawn by contacting the branch.
- The amount is transferred to a BMO account or paid via check.
- There are no monthly maintenance fees, only a penalty charged on early withdrawal of the amount.
- A notice is sent to the CD holder when it matures and there is a grace period of 10 days to add more funds or withdraw the CD before it gets auto-renewed.

Bank or Credit Union Name: First Internet Bank of Indiana
Minimum Amount: $1000.00
APY / Rate: 4.75% APY
Pros:
- Online-only CD options are available
- Highly competitive CD rates in a 1-year term
- Early withdrawal penalties are decent
- FDIC-insured bank with investment covered to the max
- Terms ranging from 3 months to 5 years
Rules:
- Interest on CDs is compounded monthly and added to the account at the month’s end.
- Early withdrawal incurs a penalty amounting to:
1- 90 days interest for a 3-month term
2- 180 days interest for a 6-18 month term
3- 365 days interest for 24-60 month term
Best 3 Years CD Rates in Pennsylvania

Bank or Credit Union Name: Armed Forces Bank, N.A.
Minimum Amount: $500
APY / Rate: 4.58% APY
Pros:
- Military Early Pay.
- Free e.Statements or $5 paper statements.
- Free incoming wire transfers.
- Online Banking with Bill Pay.
- Mobile Banking with account alerts, including the mobile app, mobile browser, and Text Banking.
- Free Visa® debit card with EMV chip technology.
- No fee money orders for existing clients
Rules:
- A fixed rate of interest is earned on the entire balance.
- A minimum opening balance of $500 is required to obtain the disclosed annual percentage yield.There are penalties for withdrawing funds before the set term.\
- The amount depends on the length of the account term.
- You must deposit $1,000 to open this account.
- A total of six (6) withdrawals are allowed per month or statement cycle.

Bank or Credit Union Name: Alaska USA FCU
Minimum Amount: $500.00
APY / Rate: 4.55% APY
Pros:
- The high yield rate of interest
- A decent minimum amount required
- FDIC-insured banking option
- Strong customer support system
Rules:
- To open a CD an investor can approach the bank online or in-branch.
- The minimum deposit allowed in a CD is $500 and the maximum limit is set at $250,000.
- The interest on the CD is compounded monthly.
- Premature withdrawal from the CD is subject to a penalty.
Best 5 Years CD Rates in Pennsylvania

Bank or Credit Union Name: GTE Financial Credit Union
Minimum Amount: $500
APY / Rate: 4.54% APY
Pros:
- Open with as little as $500
- Some of the best rates in the nation
- Variety of term options
- Open online in minutes
- Federally Insured by NCUA
Rules:
- No early withdrawals may be made during the first 60 days from opening the Share Certificate.
- Early withdrawals will be penalized anywhere from 90 to 180 days of earned dividends. Please review your Certificate disclosure for more details.
- There are no penalties for monthly dividend withdrawals. Early withdrawal penalties will apply if the certificate is closed before the maturity date.
- You can withdraw up to 10% of the principal plus dividends one time per year (20% of the current balance if over 59 1/2 years old) with no early withdrawal penalty on IRA certificates.
- Any monthly withdrawals or transfers reduce earnings.

Bank or Credit Union Name: CFG Community Bank
Minimum Amount: $500.00
APY / Rate: 4.50% APY
Pros:
- The high yield rate of interest
- A decent minimum amount required
- FDIC-insured banking option
- Strong customer support system
Rules:
- To open a CD an investor can approach the bank online or in-branch.
- The minimum deposit allowed in a CD is $500 and the maximum limit is set at $250,000.
- The interest on the CD is compounded monthly.
- Premature withdrawal from the CD is subject to a penalty.