Dedicated to Deposits: Deals, Data, and Discussion

3.50% 15-Month CD & 3.40% 12-Month CD at Homewood Federal Savings Bank in Maryland

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Homewood Federal Savings Bank
Homewood Federal Savings Bank is offering two competitive CD specials: a 3.50% APY 15-month CD with a $10K minimum and a 3.40% APY 12-month CD with a $1,000 minimum. These specials are listed at the bank's rate table as of 1/28/09. Note in the table that the 12-month CDs with the higher minimum deposits have a lower interest rate. According to the bank, the 3.40% APY is correct.

At the top of the rate table it states "Limited to the State of Maryland." It's a small bank with one office located in Baltimore, Maryland.

The bank has some solid financial ratings for soundness: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 9/30/08 data. The bank has been FDIC insured since 1962 (FDIC Certificate # 31267).

  Tags: Homewood Federal Savings Bank, Maryland, CD rates

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