Dedicated to Deposits: Deals, Data, and Discussion
Cardinal Bank1.40%$1k-6 Year CD
Cardinal Bank1.40%$1k-6 Year IRA (Traditional,Roth,CESA,SEP)
Cardinal Bank1.35%$1k-5 Year CD
Cardinal Bank1.35%$1k-5 Year IRA (Traditional,Roth,CESA,SEP)
Accounts mentioned in this post. Rates as of August 27, 2014

Top Long-Term CD Rates at Cardinal Bank in VA, MD & DC - Local Only


Cardinal Bank

Cardinal Bank is offering two competitive long-term CD and IRA CD rates: a 3.01% APY 5-year CD and a 3.11% APY 6-year CD. Minimum deposit is $1,000. These rates are listed in the bank's rate sheet as of 10/7/2010.

According to the CSR, these rates are up-to-date, but they're subject to change at any time. An extra 0.10% in the rate is applied for customers with President's Club Accounts. I was told the early withdrawal penalty is 6 months of interest.

There's an online application for accounts. However, I was told that they only accept deposits from customers who reside in their local market area (Northern Virginia, Maryland and Washington DC). Most of their branches are in Northern Virginia with one branch in DC and one in Bethesda, Maryland.

The bank's overall health score at is 4 out of 5 with a Texas Ratio of 3.14% (excellent) based on 6/30/2010 data. Please refer to our financial overview of Cardinal Bank for more details. The bank has been a FDIC member since 1998 (FDIC Certificate # 34733).

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  Tags: Cardinal Bank, CD rates, IRA rates, Virginia, Maryland

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