Paoli’s Covenant Bank Introduces 24-Month Withdrawable CD

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Having recently opened a branch in Paoli, Covenant Bank, which aims to serve as your “bridge to success” by offering a full range of services in a banking environment tailored to your needs, has introduced a 24-month withdrawable CD with a 2.75 percent APY*.

Certificates of deposit require a minimum balance of $1,000, and customers may withdraw the total balance and interest earned, without penalty beginning seven days after the funds have been received. A one-time full or partial withdrawal of principal balance plus accrued interest is allowable without penalty*.

Headquartered in Doylestown, Covenant Bank is a locally owned and operated commercial bank and provides banking services to businesses, municipalities, nonprofits, and individuals throughout the Greater Philadelphia region.

The Paoli branch, located at 1500 East Lancaster Avenue in Suite 105, is open Monday through Friday from 9 AM-1PM and by appointment.

At Covenant Bank, each business is paired with an experienced team that includes a Commercial Lender, Deposit Relationship Manager, and knowledgeable Universal Bankers.

Covenant Bank recently welcomed Meghan Kelly, Vice President and Branch Manager; Sean Rinda, Vice President and Corporate Development Officer; and Kathy Milliken, Universal Banker, to its team.

Click here to learn more about Covenant Bank.

*Annual Percentage Yield (APY), accurate as of 5/30/2019 and subject to change without notice. The 24-Month Withdrawable Certificate of Deposit (CD) or Individual Retirement Account (IRA) CD is available for new money only or from funds deposited within the previous 30 days at Covenant Bank. Does not apply to municipal deposits. The 24-Month Withdrawable CD (2.75% APY) assumes interest remains on deposit until maturity date. CDs require a minimum balance of $1,000 and maximum balance of $2,000,000 per customer. You may withdraw the total balance and interest earned, without penalty beginning seven days after the funds have been received for your CD. No withdrawals are permitted during the first six days following the receipt of funds.  After which, a one-time full or partial withdrawal of principal balance plus accrued interest is allowable without penalty. Fees may reduce the earnings on the account. Offer may be withdrawn without notice. Member FDIC.

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