Featured Savings Rates
Featured Accounts

Colombo Bank (MD)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.76%5-year CD60 Month CD
0.55%1-year CD12 Month CD
0.05%SavingsPassbook Savings (Baltimore Branch Only)

Overview / Commentary
240-268-2265
1600 East Gude Drive
Rockville, MD 20850

Founded in 1968, Independence saw the need for a financial institution that was committed to serving all segments of the population. Within a very short time, Independence received national recognition for its commitment to its founding principle: "The credit worthiness of each individual should be judged on merit, not race, sex, age or country of origin."

Today, they have made home ownership possible for more than 5,000 families, and have enabled more than 43,000 students to attend the colleges of their choice. They live up to their motto: "Together We Make It Happen!".

Related Posts

Colombo Bank (MD) Adds 14-Month Bump Up CD - 7/14/2016

Colombo Bank (MD) has added a 14-month Bump Up CD (1.16% APY, $1k min). The Bump Up feature refers to the ability to make additional deposit throughout the CD term.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #31555
Year Established1968
Employees47
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.12%
Return on Equity - YTD1.24%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$201.9MM$199.4MM
LoansQ2 2016vs Q2 2015$149.2MM$153.7MM
DepositsQ2 2016vs Q2 2015$145.8MM$143.8MM
Equity CapitalQ2 2016vs Q2 2015$20.3MM$19.8MM
Loan Loss AllowanceQ2 2016vs Q2 2015$3.3MM$3.8MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$1.7MM$1.3MM
Real Estate OwnedQ2 2016vs Q2 2015$253.00K$830.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Colombo Bank (MD) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$50-Statement Savings
0.05%$50-IRA Savings
0.05%$50-Commercial Savings
0.05%$50-Passbook Savings (Baltimore Branch Only)

Colombo Bank (MD) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Personal Money Market
OTHER TIERS: 0.15% $2k - $10k | 0.20% $10k - $25k | 0.25% $25k - $100k
0.30%*$100k*-Business Money Market
OTHER TIERS: 0.15% $2k - $10k | 0.20% $10k - $25k | 0.25% $25k - $100k

Colombo Bank (MD) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%--IOLTA Checking
0.10%$250-Personal NOW Checking
0.10%$500-Commercial NOW Checking

Colombo Bank (MD) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%$1k-60 Month CD
1.51%$1k-48 Month CD
1.11%$1k-36 Month CD
0.85%$1k-24 Month CD
0.85%$1k-30 Month CD
0.75%*$25k*-12 Month New Money Promo CD
OTHER TIERS: 0.10% Up to $25k
0.60%$1k-18 Month CD
0.55%$1k-12 Month CD
0.35%$1k-6 Month CD
0.20%$1k-3 Month CD
Locations


Colombo Bank (MD) Locations
9th Street Branch1301 9th Street N WWashington, DC 20001
Independence Federal Savings Bank1600 East Gude DriveRockville, MD 20850
Eastern Avenue Branch7901 Eastern AvenueSilver Spring, MD 20910
Baltimore Branch224 Albemarle StBaltimore, MD 21202
Bethesda Branch6929 Arlington RdBethesda, MD 20814