2.50% 18-Month CD & 2.25% 12-Month CD at HarVest Bank of Maryland - Local Only


HarVest Bank of Maryland is offering two competitive CD specials: a 2.50% APY 18-month CD and a 2.25% APY 12-month CD. Minimum deposit is $10,000, and new money is required. These rates are listed on the bank's front page as of the morning of 8/19/09.

It appears that a branch visit is required to open an account. Branches are located in the Maryland cities of Frederick, Bethesda, Germantown and Rockville.

The bank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The bank has been a FDIC member since 2004 (FDIC Certificate # 57766).

Thanks to the reader who emailed me news of this bank.

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