Philadelphia, Pennsylvania

Best CD Rates in Philadelphia

Top rate available to Philadelphia-area residents right now

Top CD Rate

4.30%

APY · 12-Month · via Raisin

Rates verified July 2026. FDIC/NCUA insured. Updated regularly.

Top CD Available

4.30%

Raisin · 12-Month

Best Local CD

4.10%

TruMark Financial CU · 5-Month

National CD Avg

0.55%

FDIC National Average

⚠️

Philadelphia savers: the big banks are still paying almost nothing

The national average CD rate is just 0.55%. Philadelphia-area credit unions are paying up to 4.10% locally — that’s more than 7x the average. Put $50,000 to work at 4.30% and you earn $2,150 in a year. At the national average? $275. The math isn’t close. Your money deserves better.

Best CD Rates — Philadelphia Metro Area

Institution	APY	Term	Min. Deposit	Insurance	Notes
Raisin Online · Nationwide	4.30%	12 Mo	$1	FDIC	⭐ Top Rate
TruMark Financial CU Philadelphia 5-County Area · Promo	4.10%	5 Mo Promo	$500	NCUA	🏆 Best Local
Philadelphia FCU Philadelphia, PA · Jumbo	4.05%	12 Mo	$10,000	NCUA	Jumbo Rate
Philadelphia FCU Philadelphia, PA	3.95%	12 Mo	$500	NCUA	Standard Rate
Philadelphia FCU Philadelphia, PA	3.93%	9 Mo	$250	NCUA	Low Minimum
Marcus by Goldman Sachs Online · Nationwide	3.90%	12 Mo	$500	FDIC	Online Benchmark
Philadelphia FCU Philadelphia, PA	3.90%	6 Mo	$250	NCUA	Short-Term

💡 Good News: Pennsylvania Has One of the Lowest State Tax Rates

Pennsylvania’s flat income tax rate is just 3.07% — one of the lowest of any state in the country. That means more of your CD interest stays in your pocket. At 4.30% APY with only a 3.07% state tax bite, Philadelphia savers keep a larger share of their earnings compared to residents in higher-tax states like Illinois (4.95%) or Colorado (4.4%). The combination of competitive local rates and a low tax rate makes Philadelphia a solid place to be a saver.

Best Money Market & Savings Rates — Philadelphia

Institution	APY	Account Type	Min. Balance	Insurance	Notes
Raisin Online · Via Partner Banks	4.30%	High-Yield Savings	$1	FDIC	⭐ Top Rate
Marcus by Goldman Sachs Online · Nationwide	3.90%	High-Yield Savings	$0	FDIC	No Minimum
Philadelphia FCU Philadelphia, PA	3.50%	Higher Yield Savings	$10,000	NCUA	Local Branch Access
TruMark Financial CU Philadelphia 5-County Area	2.60%	Maximizer Special	$10,000	NCUA	Local Branch Access

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Disclaimer: Rates shown are for informational purposes only and are subject to change without notice. The Rate Desk compiles this information from publicly available sources including institution websites and rate aggregators. We are not a bank, credit union, or financial advisor. Always verify rates directly with the institution before opening an account. CD rates and terms may vary based on relationship status, branch location, or promotional availability. TruMark Financial Credit Union 5-month rate is a promotional certificate — confirm current availability before opening. Philadelphia Federal Credit Union (PFCU) membership is open to those who live, work, worship, or attend school in Philadelphia, Montgomery, or Columbia County, PA, or through eligible employer relationships. TruMark Financial CU membership is open to residents of Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties. FDIC/NCUA insurance limits apply. National average sourced from FDIC.gov. Rates confirmed from institution websites in July 2026.