Below are the top 3 CD rates for residents of Maryland. These certificate of deposits come with varying maturity dates. Generally, the longer the maturity the higher the interest rate.
After researching the top CD rates for Maryland, we found the best rates coming from a 12 month CD through HarVest Bank of Maryland, a 24 month CD from Colombo Bank and a 36 month certificate of deposit from Layfayette Federal Credit Union.
Top CD Rates for Maryland Residents
(clicking on the name of the institution will bring you to their rates page)
HarVest Bank of Maryland – 12 month CD yielding 2.50% APY with minimum deposit amount of $1.00. HarVest Bank of Maryland is located in Rockville and claims to offer Maryland residents the most competitive CD rates around. They will reinvest your deposits into homes and businesses within the community. Member FDIC.
Colombo Bank – 24 month CD yielding 3.00% APY with a minimum deposit amount of $1,000. Colombo Bank is also headquartered in Rockville, Maryland and was originally named Apicella Bank in 1914. They currently have five locations, the original branch in Little Italy, three offices in Montgomery County, MD; one in Bethesda, one in Rockville, one in Silver Spring and their newest one in Washington DC. Member FDIC.
Lafayette Federal Credit Union – 36 month CD yielding 3.29% APY with a minimum deposit amount of $500. Lafayette FCU also has a very noteworthy 5 year CD yielding 4.00% APY. The one down side to this institution is that they have fairly strict eligibility requirements. You may only be eligible to join if you:
- are employed by an agency or company within LFCU’s approved field of membership
- live or work in the Potomac, MD. area
- live, work, worship or attend school in Washington, D.C.
- are an immediate family member of a current LFCU member
Check out the best deposit rates in Maryland from our archives to view recent offers.
You may want compare these rates to some of the highest yielding CD’s which are available nationwide to ensure the best rate. Below are today’s top CD rates available nationwide.