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Baltimore MD CD Rates

author — Tue, 08 Dec 2009 13:00:45 +0000

Here is another look at local rates, this time in Baltimore, as we here at Best CD Rates Today find you the best offers locally and nationally.

Baltimore, Maryland offers a relatively secure financial investment given its location in the United States. Washington DC is located nearby and Federal inspection remains relatively at higher levels. Baltimore MD CD rates, however, are at par with the national average under most circumstances.

A CD for 1-year term with a minimum deposit of $1,000 would have an APY and interest rate of 0.60% at minimum. It surges up a little at 0.70% to 0.80% for the medium levels whereas the highest available rates are 1.50% for this amount of investment.

CD rates in Baltimore for a 3-year term would bring 1.60% APY at an investment of $1,000 at state average. The lower limits of 3-year term CDs are around 1.1%; higher terms, on the other hand, hover around 2.20%.

Baltimore CD rates for a 5-year term are calculated at 2.75% for an investment of $1,000 at the highest level. Lower limits for this investment would be 1.5% and the average limits are around 2.2%. Rates are subject to fluctuation as per the state-wide and national changes in the banking industry and other economic factors.

MD CD rates are compliant with the national average as most American banks now calculate these rates on a national level. State-wide fluctuation is present but only in extreme cases. State financial institutions provide CD at a slightly lower than average national interest rates but there is still a variation among these institutions, depending on national economic indicators.

Baltimore CD Rates

author — Thu, 15 Oct 2009 12:56:00 +0000

This is the last of our current 3-city tour of certificate of deposit rates. We’ll have more to come in the near future, with two more from our most requested list. Right now, it’s time for Best CD Rates Today to have a look at Baltimore CD rates.

There is a lot to choose from amongst CD rates in Baltimore, that is for sure. We’ll list offers by term and then rank by annual percentage yield (APY) and give other information as needed.

1 Year Term Baltimore MD CD Rates
Ally Bank has a national rate of 2.05% APY with no deposit requirement that is trumping all other local offers. Rosedale Federal Savings has a 1.60% APY with a $500 minimum deposit required. Arundel Federal Savings and Severn Savings Bank both also have a 1.60% APY, but with a $1,000 minimum deposit requirement (each). Baltimore County Savings has a 1.20% APY with a $500 minimum deposit requirement.

3 Year Term Baltimore CD Rates
For this term, Flagstar Bank has a 3.00% APY with a $500 minimum deposit that is one of the best offers nationally. Ally Bank has a 2.75% APY with no minimum deposit required and Severn Savings Bank has a 2.20% APY with a $1,000 minimum deposit required.

5 Year Term Baltimore MD CD Rates
For this term, Ally Bank has a 3.40% APY with no minimum deposit required. Baltimore County Savings and Bank of America both have a 2.75% APY with a $500 and $1,000 minimum deposit respectively. Arundel Federal Savings has a 2.65% APY with a $1,000 minimum deposit required.

All banks listed are FDIC insured. If any of these CD rates in Baltimore appeal to you, lock yours in today before they change.