Stonebridge Bank CD Rates
Stonebridge Bank is offering a 21 month 2.30% APY and a 14 month 1.80% APY certificate of deposit with a minimum deposit of just $500. These are also available as IRA CD rates. This offer is available nationally and there’s an online application.
Interest is compounded daily and the early withdrawal penalty is 180 days’ interest for terms of 1 to 3 years. There’s a 10 day grace period at maturity and the CD can be funded through check or wire transfer. Incoming wire transfers are free and outgoing transfers are $20. The CD rate locks when they receive funds, so a wire transfer would be the ideal method of funding your account. You need to send in a written request to close out your CD.
Stonebridge Bank is offering 1.25% APY on their money market accounts for a minimum balance of $1,000 (otherwise there’s a $10 monthly fee).
Stonebridge Bank has branches in Blue Bell, Exton, Warminster, and West Chester, Pennsylvania. They have a 2 out of 5 star soundness rating from Bankrate and are FDIC insured. To visit their site click here.
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