Certificate of Deposit/IRA CD Rates
Rates Effective as of May 11, 2023
Regular CD/IRA Accounts
| Term | Minimum to Open for CDs | Minimum to Open for IRAs | Interest Rate | *Annual Percentage Yield |
|---|---|---|---|---|
| 3 - 5 Months | $500.00 | $250 | 0.20% | 0.20% |
| 6 - 11 Months | $500.00 | $250 | 1.00% | 1.00% |
| 12 - 17 Months | $500.00 | $250 | 3.21% | 3.25% |
| 18 - 23 Months | $500.00 | $250 | 3.21% | 3.25% |
| 24 - 35 Months | $500.00 | $250 | 3.46% | 3.51% |
| 36 - 47 Months | $500.00 | $250 | 1.99% | 2.00% |
| 48 - 59 Months | $500.00 | $250 | 2.97% | 3.00% |
| 60 Months | $500.00 | $250 | 2.97% | 3.00% |
Rising Rate CD/IRA Accounts
| Term | Minimum to Open for CDs | Minimum to Open for IRAs | Interest Rate | *Annual Percentage Yield |
|---|---|---|---|---|
| 18 Months | $500.00 | $250 | 1.99% | 2.00% |
| 24 Months | $10,000.00 | $10,000.00 | 3.70% | 3.75% |
| 60 Months | $500.00 | $250 | 2.48% | 2.50% |
Rising rate certificates have the option of increasing the interest rate on your certificate once during the term to our current interest rate being offered at that time.
"Add To" CD Account
| Term | Minimum to Open for CDs | Minimum to Open for IRAs | Interest Rate | *Annual Percentage Yield |
|---|---|---|---|---|
| 12 Months | $200.00 | N/A | 1.74% | 1.75% |
Freedom CD/IRA Account
| Term | Minimum to Open for CDs | Minimum to Open for IRAs | Interest Rate | *Annual Percentage Yield |
|---|---|---|---|---|
| 10 Months | $500.00 | $250 | 0.10% | 0.10% |
Variable Rate IRA Account
| Term | Minimum to Open for CDs | Minimum to Open for IRAs | Interest Rate | *Annual Percentage Yield |
|---|---|---|---|---|
| 18 Months | N/A | $25 | 4.80% | 4.89% |
Rates may change on the Variable Rate IRA account at any time after account opening without prior notice.
*Based upon funds being on deposit for one year at this rate. A penalty is imposed for early withdrawals.
We will accept deposits from residents of the Eastern Shore of Maryland, Virginia's Eastern Shore and lower Delaware. Please visit any of our branch locations to open an account.
