Prudential Savings Bank Special 1 Year CD Rate Earns 1.35% APY

Philadelphia is one of the most historic cities in the nation. The “City of Brotherly Love” is home to the Liberty Bell, the United States Mint as well as the historic Prudential Savings Bank. The branch has been in operation for over 100 years, and now offers a great selection of Prudential Savings Bank CD rates that will contribute to their long term success.

Currently, the bank has a special 1-year CD rate that offers a competitive 1.35% APY rate. To qualify for the 12-month certificate of deposit rate, customers must meet several terms including:

  • Minimum opening balance of $5,000 is required
  • Early withdrawal penalties will apply
  • FDIC insured

Prudential Savings Bank has a long history with roots dating back to 1886 when the company was first founded as the mutually owned community bank called the Building and Loan Association. When the financial institution first launched, it was their goal to properly to serve the South Philadelphia community.

In 2005, the company was reorganized in 2005 as a stock subsidiary of Prudential Bancorp, Inc. of Pennsylvania.  The Prudential Mutual Holding Company holds a majority share of the Prudential Savings Bank with the public holding a minority share. Currently the financial institution has locations on Broad Street, Center City, Drexel Hill, Old City, Oregon Avenue, Pennsport Mall and Snyder Avenue.

>>Best 1 Year CD Rates

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.

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These articles are written by the in-house GOBankingRates team.