Dedicated to Deposits: Deals, Data, and Discussion

5.50% 12-Month CD at a Maryland/Virginia/DC Bank (Washington First)


Washington First Bank is offering a special 5.50% APY 12-month certificate of deposit. The minimum deposit is $10,000. There's also a special no-penalty 12-month 5.25% APY CD which allows one penalty-free withdrawal during the term. These are not listed at the bank's website. A reader mentioned this special, and I called for additional information.

According to the CSR you must live in the Maryland/Virginia/DC area to open an account. Branches are located in Washington DC; Sterling and Reston, Virginia, and Hyattsville, College Park and Oxon Hill, Maryland.

The bank has been FDIC insured since 2004.

Thanks goes to the reader who mentioned this promotion in the finding deals post.

Comment #1 by will (anonymous) posted on
Adams National Bank in MD & DC still has a link to the 5.50% CD offer with terms from 6months to 5 years with only $1000 minimum. I opened one back in November, but the offer may still be available.

Adams National Bank