The Parke Bank Heritage Bank of Florida offers their certificate of deposit with best interest rates in the states of New Jersey and Pennsylvania. The money in the bank offering is their 15-month CD special which has a current interest rate of 2.00% APY.
The highest cd rates can be enjoyed if you open an account with a minimum funding of $500. These CDs are also available as an IRA. The other competitive interest rates are offered in the following money in the bank deals:
18-month CD 1.75% APY
24-month CD 2.00% APY
36-month CD 2.50% APY
Interested consumers can take advantage of these top cd rates by dropping by a branch and signing up for an account. Parke Bank has branches in Northfield and Sewell in New Jersey; and in Philadelphia, Pennsylvania.
Both the regular certificates and IRAs impose an early withdrawal penalty. This is not detailed on the bank’s website so it will be best to inquire about these factors which may affect your earnings before opening an account. You can call their hotline 1866-727-5325.
Parke Bank has strong financial ratings as issued by Bankrate.com and BauerFinancial. Both issued 4 stars for the bank’s safety and soundness. These are based on their June 2009 data. They are a member of the FDIC with certificate number 3488.
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