Cecil Bank continues to offer a special 2.60% APY CD for terms of 12 months and under. Minimum deposit is $500, and a checking account is required. This special is listed on the bank's front page as of 11/30/09. This appears to be the same promotion that I mentioned in August.
Cecil Bank continues to offer competitive rates for its regular CDs including a 2.00% APY 9-month CD and a 2.50% APY 24-month CD. Minimum deposit is $500. There's also a competitive checking account which pays 2.00% APY. Direct deposit and eStatements are required, but I don't see any debit card usage requirement. There's a $9 monthly fee for balances under $300. These rates are listed in the bank's rates page as of 11/30/09.
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 rating for safety and soundness has improved from 2 stars to 3 stars (performing) at Bankrate.com. The rating at BauerFinancial continues to be 3½ stars (good). Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 1959 (FDIC Certificate # 31121).
Thanks to the reader who emailed me news of this promotion.
Other Competitive Certificate of Deposit Rates