Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
Bank of Georgetown0.15%$1k-4 Month CD
Accounts mentioned in this post. Rates as of August 20, 2014

Top 4-Month CD Special at Bank of Georgetown in the DC Metro Area

POSTED ON BY

Bank of Georgetown

Bank of Georgetown is offering a very competitive 4-month CD special with a 1.60% APY. Minimum deposit is $1,000. The bank has a few other longer-term CD specials, but they're not that competitive. This 4-month CD special is listed in the bank's deposit rate sheet (pdf) as of 6/14/2010. The rate sheet has a November 2009 date, so I contacted the bank today and confirmed that these rates are up-to-date.

The bank has long been offering this 4-month CD special. My last post on this bank was 3 years ago when the rate was 5.50% APY (the good old days).

It appears that a branch visit is required to open an account. Branches are located in Washington DC, Arlington, VA and in Bethesda, MD.

The bank's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial, 4 stars (sound) at Bankrate.com, and a health score of 4 out of 5 at DepositAccounts.com (see our Bank of Georgetown rates and reviews page). These ratings are based on 3/31/10 data except for Bankrate which is still based on 12/31/09 data. The bank has been a FDIC member since 2005 (FDIC Certificate # 57941).


  Tags: CD rates, Maryland, Virginia, Bank of Georgetown

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Comments
4 Comments.


Comment #2 by o grady (anonymous) posted on
o grady
i would not wish i could vote more

-1
Comment #3 by KenBDG posted on
KenBDG
@anonymous #1, this post describes what may be behind that 3.85% 6mo CD.

1
Comment #4 by Anonymous posted on
Anonymous
Thanks, KenBDG! I believe that is exact what it is.

1
Comment #5 by Anonymous posted on
Anonymous
I live in the DC area and have never heard of this bank before.  It seems to have a branch office in the waterfront area of Georgetown.  I went to high school in this area so a lot has changed since that time.  All of the branches are located in the "high class" parts of the city and DC suburbs, so I guess the customer base is predominantly rich WASP.

1