Pennsylvania CD Rates for June 19, 2009 from SelectCDrates.com

June 27, 2009 - PRLog -- Yields on certificates of deposit in Pennsylvania were down for the week but the rate of decline was restrained on the shorter term CDs.  The average of the best five year CD rates in Pennsylvania lost four basis points or 4/100 of a percent off their yield to close out the week at 3.52%.  The two year CD rate average in Pennsylvania declined by seven basis points to 2.70%.  Pennsylvania CD rates with a one year term deteriorated by only two basis points to end the week at 2.48%.  The six month term CDs were unchanged, holding at an average of 2.09% for the week.

The best six month CD in Pennsylvania comes from Republic First Bancorp with an interest rate of 2.25% on their seven month CD.  First CornerStone Bank trails by ten basis points with a seven month CD that earns a rate of 2.15%.  Two odd term, 15 month bank CDs lead the one year category.  Asian Bank has a 15 month at 2.65% while Royal Bank of America promotes a rate of 2.60% on their 15 month CD.

The highest two year CD rate in Pennsylvania is available at First CornerStone Bank with an interest rate of 2.80%.  This rate trails the best national bank rate by seven basis points.  ESB Bank runs in second position with an extended 30 month term CD that yields 2.78%.  The best five year CD rates are lagging the national rates rather substantially.  The highest five year CD arte in Pennsylvania is at 3.60% at First Priority Bank.  Community State Bank of Orbisonia follows with a five year CD rate of 3.51%.  Several Pennsylvania banks offer five year CDs at 3.50% for the week.

SelectCDrates.com is the leading industry tool for selecting the best CD rates, savings rates and money market account rates.  SelectCDrates.com provides bank rate data on banks locally and nationally to help consumers quickly find the best rates to fit their needs.  SelectCDrates.com achieves the goal of publishing the best rate information by searching for the highest bank rates with web crawlers, telephone surveys and local market research.  SelectCDrates.com staff provides current statistics on economics news that impacts the bank and credit markets as well as in depth articles on bank products and services.  To view all the bank CD rates and articles visit http://www.selectcdrates.com. Sister sites include http://www.bestcreditcardrates.com and http://findlocalmortgagerates.com.

# # #

SelectRates Media, Inc. of Naperville Illinois owns and operates http://www.selectCDrates.com along with http://www.bestcreditcardrates.com, http://www.selectautorates.com, http://findlocalmortgagerates.com and http://www.selectcalculators.com.