- 1.85% APY 13 to 17 months
- 2.10% APY 19 to 23 months
- 2.35% APY 31 months
Minimum deposit is $10,000. In addition to these CD specials, the bank has some noteworthy standard CDs. Below are some of the competitive rates as listed at the bank's CD page as of 5/28/2010.
One is a 36-month add-on CD. The rate is a little low for a 3-year CD at 2.20% APY, but it allows unlimited add-on deposits and the minimum initial deposit is only $100. This will be a good account to have if rates continue to stay low for next few years.
In addition to the add-on CD, the standard CD short-term CD rates are quite competitive. These include a 1.20% APY 3-month CD, a 1.40% APY 6-month CD and a 1.60% APY 12-month CD. Minimum deposit is $1,000.
It appears that a branch visit is required to open an account. It's a one-office bank located in Baltimore, Maryland.
The bank's ratings for safety and soundness are a mixed: 3½ stars (good) at BauerFinancial, 2 stars (below peer group) at Bankrate.com and an overall health score of 3 out of 5 at DepositAccounts.com (see our Midstate Federal rates and reviews page). The bank has been a FDIC member since 1985 (FDIC Certificate # 29930)