Franklin Security Bank in Pennsylvania offers competitive rates for its certificates of deposit deals. The most competitive money in the bank deal is the 1.70% APY 7-month CD account which allows you to withdraw your funds without penalty during the first seven days. While there are other banks offering higher annual yields, it’s very rare banks to offer no-penalty withdrawal periods.

The minimum deposit for the special no-penalty CD is $25,000. Considering how low the minimum deposit, this promotional no-penalty CD certainly has one of the best CD rates in the market. Most CDs with the same yield require a minimum deposit of at least $100,000.

The only downside is that unlike other competitive CD rates which are available nationwide, and which allow online application, this one is exclusive to those who are living in Pennsylvania. Just like the special savings account, a personal visit to the bank is also necessary for the application to progress.

Considering that the Franklin Security Bank is a small bank with only one branch at Plains, Pennsylvania, they’re not doing so bad at all.

As a matter of fact, its patrons think that the bank is actually passing with flying colors. It scored an impressive 4-star rating (excellent) at BauerFinancial, and also an elusive 4-star rating (sound) from Bankrate.com. The bank is young, but old enough, and has been a member of the FDIC since 1999. This can be verified through FDIC Certificate #35113.