Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
John Marshall Bank1.51%$500-5 Year CD
John Marshall Bank1.16%$500-3 Year CD
John Marshall Bank0.90%$500-2 Year CD
Accounts mentioned in this post. Rates as of July 24, 2014

Top CD Rates at John Marshall Bank in the DC Metro Area - Local Only

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John Marshall Bank

John Marshall Bank continues to offer several good deals on CDs. Rates have fallen since my last report of this bank in February, but the CD rates are still competitive. The best ones are a 1.51% APY 2-year CD, a 1.76% APY 3-year CD and a 2.32% APY 5-year CD. Minimum deposit is $500. These rates are listed in the bank's rate sheet as of 11/30/2011. There's a link to the rate sheet at the bank's personal banking webpage.

To open an account, you must be a resident of the Washington DC, Maryland or Virginia. John Marshall Bank branches are located in the Virginia cities of Arlington, Falls Church, Leesburg, in Washington DC, and in Rockville, Maryland.

The bank has grown quite a bit in the last few years. It's number two on BestCashCow's list of the fastest growing banks in the country. In that BestCashCow article, the John Marshall Bank president was interviewed and asked about its recent growth. He said that being a new bank "has helped us a great deal" allowing them to avoid much of the real estate problems. Our financial health score does show them to be in good shape. It has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 5.73% (excellent) based on September 2011 data. Please refer to our financial overview of John Marshall Bank for more details. The bank has been a FDIC member since 2006 (FDIC Certificate # 58243).

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  Tags: Virginia, Maryland, CD rates, John Marshall Bank

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Comments
3 Comments.
Comment #1 by mschoenf posted on
mschoenf
Just saw a 10 year CD @ 2.25% posted up inside a Chase Branch in San Francisco.  Lord help us if 10 years from now, someone that opens one of those is still happy with that decision.  Did not see the penalties

1
Comment #2 by Anonymous posted on
Anonymous
#1    I rarely buy my CDs from Chase since they have always had, imo, a steep EWP.  I just called them about the 10 year CD to see if it has changed.  I was told it is $25.00 plus 3% of the amount withdrawn.  This would amount to about $775.00 if one purchases a $25,000.00 CD and needs to withdraw the entire CD at any time.  I think that is steep for going out for 10 years and only getting back 2.25%.

1
Comment #3 by pearlbrown posted on
pearlbrown
Chase is apparently following Bank of America's lead with the 3% of the withdrawal amount $25 EWP.   I hope other institutions won't follow suit.   

1