Browse through the stories below to view current deals for Maryland banks or select an item from the menu bar above to view current rates in Maryland.
CFG Community Bank is offering a very competitive, promotional 12-month "One Time No Penalty Withdrawal" CD. This CD earns 1.35% APY with a checking account relationship and 1.10% APY without a checking account relationship. The rate is quite attractive and the no penalty withdrawal feature equally so. As the name implies, the no penalty feature allows for a one-time withdrawal (partial or closing) with no penalty. A $500 minimum deposit and balance is required for the CD to earn the stated APY.
The following conditions...Continue Reading
NASA Federal Credit Union has been offering a very competitive 49-month CD special since February. The rate went up in June by 25 basis points to 2.25% APY. In addition, the credit union started to offer a new shorter-term CD special. It’s a 15-month CD with a 1.25% APY. Minimum deposit is $5,000, and new money is required. These are also available in an IRA. These specials are listed at the credit union’s rates table as of 6/3/2014. It’s a limited-time offer that is subject to change at any time.Continue Reading
Capital One is again offering a nice bonus for new business checking accounts. It’s not as nice as last year’s bonus, but it’s still a good deal. The current bonus is $250, and it’s scheduled to last until 4/30/2014. If it’s like past promotions, Capital One will probably extend it. The promotion requires a branch visit (see below for branch locations).
Here’s the link to the promotion at CapitalOne.com, and here’s a summary of what’s required to earn the $250 bonus:
PNC Bank has some new promotions for its Virtual Wallet accounts. If you live in one of the qualifying states, you can earn up to $400 in bonuses. This is a big increase from its past promotions. You still have to be careful to avoid monthly service charges.
Here’s the link to PNC’s $400 promotion page. The offer is scheduled to end on 8/29/2014
5/31/2014. You can open the account online or choose to have them email you a coupon to take to a branch. There are three levels of bonuses....
Patriot Federal Credit Union has come out with four special CDs with very competitive rates. The best one is a 5-year CD with a 3.00% APY. The others include a 4-year CD with a 2.50% APY, a 3-year CD with a 2.00% APY and a 30-month CD with a 2.00% APY. The 4-year CD has a step-up feature which allows you to increase the rate one time to the rate currently in effect for that CD. Minimum deposit for these special CDs is $25,000, and new money is required. These...Continue Reading
Unlike most checking account promotions, this one at First Citizens Bank doesn’t require direct deposit. There are other ways to qualify for the bonus without direct deposit. On the downside, it’s similar to most checking account promotions in that the qualifying checking accounts have potential monthly service fees. If you’re careful, this promotion can be a good deal. Here’s the link to the bank’s promotion page.
To receive the $150 bonus, you’ll need to open either a new Premier or Prestige checking account with a new debit card by April 30,...Continue Reading
It has been awhile since I last reported on a checking account bonus at Northwest Savings Bank. I’m glad to see the bank is again offering a bonus, and it’s a nice bonus for a free checking account. You can earn up to $200 on the checking account promotion. It requires direct deposit to receive the first $100. For the second $100, you’ll have to keep the account open for a year. Details of this offer are listed in the bank's promotions page as of 3/24/2014. The most important part...Continue Reading
Banks often don't make it easy to close a CD at maturity. They hope you'll let the CD automatically roll over. If you want to close the CD when the CD matures, you sometimes have to jump through hoops. This problem isn’t just confined to banks. Credit unions can also have issues. That’s the case a DA reader experienced with State Employees Credit Union of Maryland (SECU). He emailed me the issues he had when he tried to have his CD closed at maturity. It reminded me of the...Continue Reading
M&T Bank has long been offering promotions for its MyChoice Checking account. In the latest one you can earn a $100 cash bonus for opening the MyChoice Checking Account and setting up direct deposit. The promotion is scheduled to last until 6/27/2014. Please refer to the bank’s promotions page for the full details.
The offer’s small print has the details about the direct deposit requirements and what qualifies as direct deposit:
MyChoice Checking is not a free checking account. According to the MyChoice Checking page, there's a $6.95 monthly fee unless you...Continue Reading
It has been awhile since NASA Federal Credit Union has offered a competitive CD special. So I’m pleasantly surprised to see its new CD special which has a 2.00% APY and a 49-month term. Minimum deposit is $5,000, and new money is required. It’s also available in an IRA. This special is listed at the credit union’s rates table as of 2/10/2014. It’s a limited-time offer that is subject to change at any time.
According to the credit union’s Q&A’s database, the early withdrawal penalty is "up to six month's...Continue Reading
BB&T has brought back its $125 checking account promotion. Like the one last year, you can qualify for the bonus without direct deposit. That’s rare these days. The one downside remains the same. All of BB&T's checking accounts have potential monthly service fees. So if you open the checking account for the bonus, you have to make sure to avoid the fees.
To qualify for the $125 bonus, customers must open a BB&T checking account and either 1) use online bill pay for 3 bill payments with a minimum payment of...Continue Reading
PNC Bank has started to offer a $200 checking account bonus. This is an upgrade to the bank’s usual $150 bonus. You still have to be careful to avoid monthly service charges. Here’s the link to PNC’s promotion page. The offer is scheduled to end on 2/28/2014. You can open the account online or choose to have them email you a coupon to take to a branch. Here's a summary of the requirements to qualify for the bonus: