Top CD Rates at Cecil Bank in Maryland - Local Only


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 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

Related Pages: CD rates, Cecil Bank, Baltimore

  |     |   Comment #1
Wow!  I know things are bad when you are actually posting 2 Star banks with a poor Texas Ratio!  That's also a 5 year CD and within the next two years that bank could be dust.  I know everyone should be ok if they keep within the FDIC insurance limits but I personally prefere not to start off with a bank without a high rating.  I sure hope you can find us some decent rates with higher rated banks soon.  August is my "gasing up the car" month to go find new CDs.
  |     |   Comment #2
2.60% 12-Month CD at Cecil Bank in Maryland - Local Only
Update 12/05/09: The 2.60% APY special is no longer listed on the bank's front page. There's now a 2.25% APY special CD for all terms of 12 months and under.

Cecil Bank continues to offer a special 2.60% APY CD for terms of 12 months and under. Minimum deposit is $500, and a checking account is required. This special is listed on the bank's front page as of 11/30/09. This appears to be the same promotion that I mentioned in August.

Cecil Bank continues to offer competitive rates for its regular CDs...

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2.40% 12-Month CD at Cecil Bank in Maryland - Local Only
Cecil Bank is offering a special 2.40% APY CD. It also has other competitive CD rates including a 2.00% APY 9-month CD and a 2.50% APY 24-month CD. Minimum deposit is $500. There's also a competitive checking account which pays 2.00% APY. Direct deposit and eStatements are required, but I don't see any debit card usage requirement. There's a $9 monthly fee for balances under $300. These rates are listed in the bank's rates page as of 8/14/09.

Update 8/20/09: A reader reported that there's an additional CD promotion that...

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