Dedicated to Deposits: Deals, Data, and Discussion

Savings Account and Short-Term CD Deals at Hopkins Federal Savings Bank in MD - Local Only


Hopkins Federal Savings Bank

Hopkins Federal Savings Bank is offering competitive rates on its short-term CDs. These include a 1.76% APY 6-month CD and a 1.79% APY 12-month CD. Minimum deposit is $5,000. The 12-month CD is also available in an IRA. There's also a Statement Saving Account with a 1.76% APY on balances of $10,000 and above. These rates are listed at the bank's rates page as of 3/21/2010.

At the bottom of the rate table, it states that "all applicants must physically come into one of our locations to open an account," and at the top of the table, it states that new accounts are available for Maryland residents only.

The bank has 2 offices located in Baltimore, Maryland.

Hopkins Federal's ratings for safety and soundness are above average: 5 stars (superior) at BauerFinancial (based on 12/31/09 data) and 3 stars (performing) at (based on 9/30/09 data). The bank has been a FDIC member since 1985 (FDIC Certificate # 32372).

  Tags: Hopkins Federal Savings Bank, Maryland, CD rates, IRA rates, savings account

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Comment #1 by Anonymous posted on
This is very sad when 1.79% APY is "competitive." The politicians are very good at sticking there noses in where they don't belong. I sure better days are coming.

Comment #2 by Anonymous posted on
The V.I.P checking and statement savings and Max passbook savings account rates are pretty competitive.  Another place to consider.  It only has two branch offices, but I can qualify due to residence restrictions.