CFG Bank

Overview / Commentary
1422 Clarkview Road
Baltimore, MD 21209

CFG Bank is headquartered in Lutherville and is the 9th largest bank in the state of Maryland. It is also the 666th largest bank in the nation. It was established in 1997 and as of December of 2019, it had grown to 132 employees at 2 locations. CFG Bank's money market rates are 3X the national average, and it boasts an A+ health rating.

Related Posts

Now It's CFG Bank's Turn To Lower Its Savings Rates - 5/29/2020

What's today, National Savings Rate Cut Day or something??? CFG has followed suit and dropped to 1.50% ($25k and up) 1.40% ($1k -$24,999)

High Yield MM Dropped To 1.62% ($25K Minimum) - 5/8/2020

CFG Bank's High Yield Money Market Account with $25,000 minimum dropped to 1.62% APY.

CFG Bank's 13-Month Penalty Free CD Is Available Nationwide - 5/8/2020

CFG Bank's nationally available 13-month Penalty Free CD (1.55% APY) has a one-time fee-free withdrawal throughout the term. $500 minimum/$250k maximum deposit.

View all posts from:

Reviews (5)

Solid Overall Bank

Posted by: |

Overall, I'm very happy with having my money at CFG Bank. The rates are the best in the country and the customer service was very helpful when I called in to finish setting up my account.

I agree that the withdrawal limits could be better, but luckily for me I'm not moving large sums of money regularly in and out of the account.

As for the fact that they want a bunch of personal information, I didn't find it anything out of the norm. Banks have a TON of regulations they need to comply with they are doing what is required. If I had to choose between a bank that did MORE due diligence than less....well I'd always go with the more rigorous.

Just my two cents...

Bank Review

To open an account is somewhat onerous, but worth it. They just want to make sure all is on the up and up with a new account holder. Can't be too careful these days. I think this is a great bank.

Fine Customer Service And Good Rates

Posted by: |

CD's were recently above the market -- but were dropped this week; are now equal to top-tier banks at 2.45 to 2.5 for 12 to 18 months. Excellent customer service.

Withdrawal Limits

"Money Market Accounts (NO CHECK WRITING PRIVILEGES FOR ONLINE MONEY MARKETS; CONSUMER ACCOUNTS ONLY) Once funding occurs the daily external transfer limit for the CFG High Yield Money Market Account is $5,000. Your external transfers may not exceed $30,000 in a 30-day rolling period."

CFG Bank Review

Posted by: |

Application response was an email request for "A valid copy of your driver’s license OR a copy of a utility bill from the address with your name on it
A copy of a phone bill with your name and phone number on it" The app required the amount and account # for initial funding of accout.
So I called and asked them what the problem was. I've dealt with numerous banks and never put out so much personal data for so little success. I told them to cancel the request after I asked them why they didn't just call me and why they didn't compare the DL data to the app.
Forget it; the APY is not worth it. Wish I had walked away when I was filling out the app.


Health Grade Components

FDIC Certificate #34294
Year Established1997
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.09%
Return on Equity - YTD12.75%
Annual Interest Income$61.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.23B$832.3MM
LoansQ4 2019vs Q4 2018$896.6MM$680.5MM
DepositsQ4 2019vs Q4 2018$1.04B$659.6MM
Equity CapitalQ4 2019vs Q4 2018$170.3MM$163.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$18.8MM$15.6MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$8.7MM$12.0MM
Real Estate OwnedQ4 2019vs Q4 2018$18.00K$133.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Now It's CFG Bank's Turn To Lower Its Savings Rates

What's today, National Savings Rate Cut Day or something??? CFG has followed suit and dropped to 1.50% ($25k and up) 1.40% ($1k -$24,999)

High Yield MM Dropped To 1.62% ($25K Minimum)

CFG Bank's High Yield Money Market Account with $25,000 minimum dropped to 1.62% APY.

CFG Bank 12 Month CD Drops To 1.60% APY

CFG was previously the rate leader for a 12 month CD, but the rate has dropped to 1.60%. The savings acct rates remain 1.73%/1.63%.

CFG Bank 1.73% APY $25K+ High Yield Money Market [Not On DA MM List]


New Funds Only
$1,000 Minimum Deposit to Open

Minimum Daily Balance to Obtain Annual Percentage Yield (APY)
$1,000.00 - $24,999.99 - 1.63% APY
$25,000+ 1.73% APY

May Add Deposits at Anytime, No Check Writing Privileges, New Funds Only

CFG Bank MM Rate Drops to 1.73%

CFG Bank dropped the MM Account ($25K minimum) rate to 1.73%.

CFG Bank Another Rate Cut From 2.05% To 1.90%

Here we go again. another cut within the last ten days. I suspect more is coming.

Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not CFG Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

CFG Bank Money Market Rates

1.50%*$25k*-CFG High Yield Money Market - New Money
OTHER TIERS: 1.40% $1k - $25k

CFG Bank CD Rates

1.40%$500$250k60 Month CD - New Money
1.30%$500$250k33 Month CD - New Money
1.25%$500$250k18 Month CD - New Money
1.25%$500$250k12 Month CD - New Money
1.20%$500$250k13 Month Penalty Free CD - New Money

CFG Bank Locations
CFG Bank11 W. Ridgely RoadLutherville, MD 21093
Baltimore Branch1615 Thames StreetBaltimore, MD 21231

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.