Update 8/20/09: A reader reported that there's an additional CD promotion that offers a 2.60% APY for a 12-month term (or shorter). This requires a checking account with an opening deposit of $100. Direct deposit is not required, and you don't have to buy checks (they give your starter checks). This promotion is not listed on the website.
It appears that a branch visit is required to open accounts. Branches are located in the Maryland cities of Elkton, North East, Cecilton, Aberdeen, Conowingo, Havre de Grace and Rising Sun.
The bank's ratings for safety and soundness are mixed: 3½ stars at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The bank has been a FDIC member since 1959 (FDIC Certificate # 31121).
Other Competitive Certificate of Deposit Rates