Dedicated to Deposits: Deals, Data, and Discussion

4.01% 60-Month CD & 3.37% 37-Month CD at Cardinal Bank in VA, MD & DC - Local Only

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Cardinal Bank is offering some competitive rates on its long-term CDs and IRAs. These include a 4.01% APY 5-year CD, a 3.57% APY 4-year CD and a 3.37% APY 37-month CD. Minimum deposit is $1,000. The 5-year CD is also eligible for preferred rates for those with a President's Club account. These rates are listed in the bank's rates page (pdf) as of 5/19/09.

It appears a branch visit is required to open an account. Branches are located in several Virginia cities, in Bethesda, Maryland and in Washington, DC.

The bank's ratings for safety and soundness are fair to strong: 3 stars (performing) at Bankrate.com and 4 stars (excellent) at BauerFinancial. Both ratings are based on 12/31/08 financial data. The bank has been FDIC insured since 1998 (FDIC Certificate # 34733).

Other High Certificate of Deposit Rates

For those near Bethesda or Landover Hills, Maryland, Urban Trust Bank continues to offer the best long-term CD rates in the nation as of 5/19/09 with a 4.50% APY 60-month CD and a 4.00% APY 39-month CD (see post).

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.

  Tags: Virginia, Maryland, CD rates, IRA rates

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