2.30% 18-Month CD at 1st Mariner Bank in Maryland - Local Only

1st Mariner Bank is having a CD special at its branches that runs through 11/29/2009. It's an 18-month CD with a 2.30% APY. Minimum deposit is $500. This special doesn't seem to be listed at the bank's website. A reader commented about receiving email from the bank on this offer, and I just received additional info from a CSR using the bank's chat service.

It's only available at the bank's branches which are located in several Maryland cities including Baltimore, Annapolis, Westminster, Bel Air, Columbia and Easton. There's also a branch in Shrewsbury, PA.

The bank's ratings for safety and soundness are weak: 1 star (troubled) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both ratings are based on 6/30/09 financial data. Another issue to note is that the bank received a FDIC Cease-and-Desist Order on 9/18/09. The bank has been a FDIC member since 1962 (FDIC Certificate # 31286).

Thanks to the reader ichaelm who mentioned this CD special in the bank deals hub page.

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