2.00% 13-Month Penalty-Free CD at Community Bank of Tri-County in Maryland - Local Only

Community Bank of Tri-County is offering a 13-month special CD with a 2.00% APY. It has a no-penalty feature that allows a one-time penalty free withdrawal which can come in handy if interest rates rise in the next year. The downside is that it requires a checking account, but I was told any personal checking account qualifies. Minimum CD deposit is $500. This special is listed in the bank's rates page as of 2/18/2010. The CSR didn't know how much longer it would last.

A branch visit is required to open an account. Branches are located in Southern Maryland.

The bank's rating for safety and soundness are above average: 5 stars (superior) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 1957 (FDIC Certificate # 30903).