Dedicated to Deposits: Deals, Data, and Discussion

3.00% 24-Month CD and Other Competitive Rates at EagleBank in DC Metro - Local Only


EagleBank is offering a few competitive CDs. The most competitive is a 3.00% APY 24-month CD. Others include a 2.25% APY 12-month CD, a 2.50% APY 18-month CD and a 3.25% APY 36-month CD. Minimum deposit is $1,000. There's also a no-penalty CD with a 2.25% APY for terms of 12 and 18 months. This has a minimum deposit of $50,000. These rates are listed at the bank's CD rate table as of 6/11/09.

The bank is also offering a 2.30% APY money market account with a minimum deposit of $50K to a maximum deposit of $500K. New money is required. Additional tiers and rates are available for smaller balances. This money market special doesn't seem to be listed at the bank's website. This was advertised on page A2 of the June 8th edition of The Washington Post.

It appears a branch visit is required to open an account. Branches are located in Washington DC and in the DC suburbs of Vienna, Virginia and Bethesda, Chevy Chase, Rockville and Silver Spring, Maryland.

EagleBank's ratings for safety and soundness are decent: 3 stars (performing) at and 4 stars (excellent) at BauerFinancial. Both ratings are based on 12/31/08 financial data. The bank has been a FDIC member since 1998 (FDIC Certificate # 34742).

Thanks to the reader who emailed me news of these rates.

Other High Certificate of Deposit Rates

  Tags: money market accounts, Virginia, EagleBank, Maryland, CD rates

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