Cecil Bank has some competitive CD rates. The best one is a 5-year CD with a 2.15% APY. Other competitive rates include a 1.50% APY for a 30-month CD and a 1.25% APY for a 2-year CD. Minimum deposit is $500. These rates are listed in the bank's rates page as of 8/9/2012.
It appears that a branch visit is required to open accounts. Branches are located in the Maryland cities of Elkton, North East, Cecilton, Aberdeen, Conowingo, Havre de Grace and Rising Sun.
The bank has an overall health score at DepositAccounts.com of 2 stars (out of 5) with a Texas ratio of 122.14% (poor) based on March 2012 data. The bank is operating under a Federal Reserve written agreement. It would be wise to keep under the FDIC coverage limits. Please refer to our financial overview of Cecil Bank for more details. The bank has been a FDIC member since 1959 (FDIC Certificate # 31121).
How This CD Rate Compares
The highest 5-year CD rate that's available from an all-access credit union is 2.12% APY at US Senate Federal Credit Union. This requires a $60K minimum deposit. The highest 5-year CD that's nationally available at a bank is 1.90% APY at CIT Bank for a $100K minimum and 1.85% APY for a $1K minimum deposit.
The above rates are accurate as of 8/9/2012.
Searching for the Best CD Rates
To search for the best nationwide rates and the best rates in your state, please refer to the following tables at DepositAccounts.com: