Rates

Certificates of Deposit | Individual Retirement Accounts | Savings and Checking Accounts 

 

Certificates of Deposit

 

  Minimum Deposit Interest Rate APY***
3 Month Certificate * $500.00 0.15% 0.15%
6 Month Certificate * $500.00 0.25% 0.25%
11 Month Certificate* $500.00 0.40% 0.40%
12 Month Certificate* $500.00 0.40% 0.40%
15 Month Certificate* $500.00 0.40% 0.40%
18 Month Certificate* $500.00 0.50% 0.50%
21 Month Certificate* $500.00 0.50% 0.50%
24 Month Certificate * $500.00 0.55% 0.55%
3 Year RAD ** Certificate * (1 Bump) $500.00 0.60% 0.60%
4 Year RAD ** Certificate * (1 Bump) $500.00 0.70% 0.70%
5 Year RAD ** Certificate * (1 Bump) $500.00 0.90% 0.90%

Rates Effective 5/2/2013

* Interest on all these accounts is paid on all balances
** On RAD Certificates, the interest rate and annual percentage yield may change after account opening. Rate may be adjusted as indicated. Rate may only be changed by the customer in writing.
***Annual percentage yield assumes that the interest will remain in certificate for the full term. You may have your interest paid to you periodically if you prefer, but the annual percentage yield will change if you do this. Interest can be paid to you periodically by either sending you a check or by crediting another account you have with us.

Only on the 11 month, 15 month, and 18 month CD's, after the first 7 days following account opening, one withdrawal of either all or part of the account will be allowed with no penalty. After this one withdrawal, normal penalties will be assessed for any additional withdrawals prior to account maturity.

Rates Applicable for Maryland Residents only. For out of state rates please call our main office at 410-827-8881

A substantial early withdrawal penalty may be imposed on all time accounts if closed prior to maturity. On the 21 Month CD, a nine (9) month interest penalty will always be charged if the account is closed prior to maturity.

Fees or penalties could reduce earnings on accounts.

 

Individual Retirement Account

Rates Effective 5/2/2013

All of the certificates above are available to our IRA customers. The IRA certificates will bear the same rates as provided above. To determine the Annual Percentage Yield on our IRA Certificates, please refer to the column above titled APY. Also, the required minimum balance on all IRA certificates is only $250.00. In addition to the certificates of deposit, IRA customers may also establish an IRA Savings Account. The required minimum balance on this account is only $20.00. The current rate on our IRA Savings Account is 0.55% and the Annual Percentage Yield is 0.55%. All of our IRA Accounts are subject to the rules and regulation covering IRA Accounts as set by the Internal Revenue Service.

A substantial early withdrawal penalty may be imposed on all time accounts if closed prior to maturity. 

Rates Applicable for Maryland Residents only. For out of state rates please call our main office at 410-827-8881

 

Savings and Checking Accounts

 

  Minimum Deposit Interest Rate APY
Regular Savings* $20.00 0.10% 0.10%
Money Market Savings* $2,500.00    
For Balances up to $49,999.99   0.10% 0.10%
For Balances $50,000 and over   0.25% 0.25%
IRA Savings Account* $20.00 0.55% 0.55%
Now Checking* $1,000.00 0.10% 0.10%
Super NOW Checking* $2,500.00 0.10% 0.10%

Rates Effective 5/2/2013 

*Interest on all these accounts is paid on all balances

The interest rate and annual percentage yield on each of these accounts may change after opening.

Rates Applicable for Maryland Residents only. For out of state rates please call our main office at 410-827-8881

Fees or penalties could reduce earnings on accounts.