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Hyperion Bank, based out of Philadelphia, Pennsylvania currently has some pretty lucrative CD rates given the current market for savings accounts. Their best products come in the form of short term CD rates. They have a 3 month CD special available as of May, 18, 2010 which offers a return of 1.15% APY with a minimum deposit of just $399.00 required. To put this offer in perspective, the national average for 3 month CDs sits at around 0.30% APY.
About Hyperion Bank:
Hyperion Bank claims to be the first community bank to locate in the urban section of Philadelphia in more than 20 years, opening its doors in November of 2006 in the Northern Liberties area, about a mile and a half north of the Liberty Bell. They chose this site because of its extensive residential redevelopment, expanding small businesses and deep-rooted neighborhood residents.
In addition to bringing a new urban banking center to the neighborhood, Hyperion Bank also brought urban revitalization. Housed in a stunning red brick building (above) that over a century ago was Philadelphia’s Eighth National Bank, their initial branch and corporate headquarters, located at the northeast corner of Second Street and Girard Avenue, was a vacant warehouse for the last couple of decades. Now the 135 year old bank building has been restored to its original 1871 grandeur, has received an award from the Preservation Alliance for Greater Philadelphia and is a signature footprint in the area’s urban revitalization.
Current CD Rates offered through Hyperion Bank:
- 30 day CD yielding 0.65% APY with a minimum deposit of $399 required.
- 3 month CD special yielding 1.15% APY with a minimum deposit of $399 required.
- 6 month CD yielding 0.85% APY with a minimum deposit of $399 required.
- 9 month CD yielding 1.00% APY with a minimum deposit of $399 required.
- 12 month CD yielding 1.15% APY with a minimum deposit of $399 required.
To get a better idea of CD rates in this region you may want to compare this offer with the best CD rates in Pennslyvania or the top CD rates in Philadelphia.
Recent News for Hyperion Bank:
- In February of this year Hyperion Bank was held up and robbed at gun point by an unkown man standing around 5′6″ and as of February of this year, the criminal who robbed this bank was still at large. Read Full Story.