Finding the best CD rates in your area can be a hassle, but it doesn’t have to be. This is our list of the best CD rates in Pennsylvania.

Find the best banks in Pennsylvania here.

Best 6-Month CD Rates in Pennsylvania

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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.
4.0
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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  • Less than six months: 30 days’ simple interest on the principal amount withdrawn
  • 6 months up to and including 11 months: 90 days’ simple interest on the principal amount withdrawn
  • 12 months up to and including 35 months: 180 days’ daily compound interest on the principal amount withdrawn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

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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  • Interest can be withdrawn anytime during the CD term without any penalty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
4.0
Our Rating
BMO Harris Bank

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.
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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

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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.
4.0
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Alaska USA Federal Credit Union

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

4.0
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GTE Financial

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.
4.0
Our Rating

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.