According to a recent Primerates.com survey conducted on March 5, 2012 of Baltimore CD rates offered by the area banks & credit unions, Baltimore’s largest financial institutions offered short-term savers 6 month CD’s between rates of 0.05% at Wells Fargo (http://www.wellsfargo.com), and 0.75% at Rosedale FS&LA (www.rosedalefederal.com). Rosedale FS&LA (www.rosedalefederal.com) and First Mariner Bank (www.1stmarinerbank.com) have the highest 2-year CD rates, with 1.00% CD, whereas Eastern Savings Bank (www.easternsavingsbank.com) offers the highest 5-year CD rates, with 1.70% CD.
CD’s are typically insured up to $250,000 by the FDIC. As CD’s mature, banks typically re-price the rates on deposits. Make sure that you track when your CD’s mature so that you can roll them over into new CD’s and keep your money working as hard as possible.
| Banks | 6 month | 1 year | 2 year | 3 year | 4 year | 5 year |
| PNC Bank | 0.10% | 0.20% | 0.35% | 0.40% | 0.75% | 1.00% |
| Wells Fargo | 0.05% | 0.05% | NA | NA | NA | NA |
| Susquehanna Bank | 0.20% | 0.25% | 0.40% | 0.75% | 0.85% | 1.20% |
| First Mariner Bank | 0.25% | 0.80% | 1.00% | 1.10% | 1.24% | 1.69% |
| The Columbia Bank | 0.10% | 0.30% | 0.50% | 0.60% | 0.60% | 1.49% |
| Severn Savings Bank | 0.20% | 0.45% | 0.65% | 1.19% | 1.29% | 1.59% |
| Rosedale FS&LA | 0.75% | 0.80% | 1.00% | 1.24% | 1.34% | 1.49% |
| Eastern Savings Bank | 0.25% | 0.50% | 0.85% | 1.20% | 1.40% | 1.70% |
| Sandy Spring Bank | 0.10% | 0.20% | 0.35% | 0.50% | 0.65% | 1.00% |
Rates from banks, thrifts and credit union were posted on their websites on the date indicated for a $10,000 certificates of deposit meeting the specific holding requirement. Data is believed accurate at time of collection, can change without notice, and will vary. Contact a specific institution for current rates.
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