2.25% APY Top certificate of deposit rate with Ambler Savings Bank

July 22nd, 2011 Jonathan Chamberlain Leave a comment Go to comments

Ambler Savings Bank is pushing for their certificate of deposit with competitive interest rates. They currently have the following CD rates:

6 months 0.65% APY
1 year 1.00% APY
2 years 1.25% APY
4 years 1.75% APY
5 years 2.25% APY

This best certificate of deposit requires you to deposit a minimum of $1,000 to open an account. You are required to maintain a balance of $1k in order for you to earn this best interest rates. The earnings of this highest CD rate is compounded quarterly. In case of early withdrawal, penalties will be applied depending on the term. If you have a CD with 6 months to 1 year term then the penalty will be equivalent to 3 months interest. For 2 years to 5 years term the penalty will be equivalent to 6 months of interest.

The bank also offers certificate of deposit with minimum opening balance of $500. These are the following terms and interest rates:

14 months 1.15% APY
21 months 1.20% APY
3 years 1.75% APY

Please remember that the bank automatically renews your certificate of deposit account once it matures. The bank will be giving you 7 days grace period after the maturity date so you can decide if you want to renew the account or withdraw your money without penalty. Take note that the current CD rates listed above may change anytime without prior notice.

You are also given a privilege to monitor your account and setup a bill payment using the bank’s online banking for free. If you have questions with regard to you certificate of deposit account you may call customer service thru 866-272-4550. Ambler Savings Bank has branches located in the cities of Fairview Village, Limerick, Schwenksville, and Ambler in the state of Pennsylvania.

Ambler Savings Bank has been in business since 1899. they have grown to have over $268 million in declared assets and considered to be one of the largest bank in the state of Pennsylvania. The bank is also a member of the Federal Deposit Insurance Corporation with certificate number 28701.

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