Homewood Federal Savings Bank

Overview / Commentary
3228-3230 Eastern Ave
Baltimore, MD 21224

Homewood Federal Savings Bank is headquartered in BALTIMORE and is the 30th largest bank in the state of Maryland. It is also the 4,246th largest bank in the nation. It was established in 1916 and as of December of 2023, it had grown to 6 employees at 1 location. Homewood Federal Savings Bank's CD rates are 3X the national average, and it has an A health rating.

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15-Month CD Special, 5.50% APY Maryland Residents - 4/15/2024

15-month CD Special, 5.50% APY, $10k minimum of new money. Website states, "Limited to the State of Maryland," but there doesn't appear to be an online application. One branch in Baltimore.

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Homewood Federal Savings Bank has a relatively low asset base.

Health Grade Components

FDIC Certificate #31267
Year Established1916
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD1.39%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$61MM$59.7MM
LoansQ4 2023vs Q4 2022$49.5MM$49.6MM
DepositsQ4 2023vs Q4 2022$44.4MM$43.3MM
Equity CapitalQ4 2023vs Q4 2022$16.6MM$16.3MM
Loan Loss AllowanceQ4 2023vs Q4 2022$461K$430K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$230K$284K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Homewood Federal Savings 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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Homewood Federal Savings Bank Savings Account Rates

0.15%$10-Statement Savings Account
0.15%$10-Christmas Club Account

Homewood Federal Savings Bank Money Market Rates

0.50%*$40k*-Money Market Advantage Account
OTHER TIERS: 0.15% Up to $40k
0.40%*$20k*-Money Market Account
OTHER TIERS: 0.05% Up to $2.5k | 0.15% $2.5k - $20k

Homewood Federal Savings Bank Checking Account Rates

0.05%$300-NOW Account

Homewood Federal Savings Bank CD Rates

5.50%$10k-15 Month CD Special
5.00%$25k-8 Month CD Special
3.50%$500-24 Month CD
3.00%$10k-19 Month Bump Up CD
2.75%$500-48 Month CD
2.75%$500-60 Month CD
2.60%$500-36 Month CD
2.50%*$20k*-18 Month CD
OTHER TIERS: 2.40% $500 - $20k
2.50%$500-30 Month CD
2.30%*$25k*-12 Month CD
OTHER TIERS: 0.15% $500 - $1k | 2.25% $1k - $25k
2.02%*$7.5k*-6 Month CD
OTHER TIERS: 2.01% $500 - $7.5k

Homewood Federal Savings Bank IRA Rates

2.75%$100-60 Month IRA
2.74%$100-42 Month IRA
2.50%$100-30 Month IRA
2.35%$100-18 Month IRA
1.50%$100-12 Month IRA
0.50%$100-6 Month IRA

Homewood Federal Savings Bank Locations
Homewood Federal Savings Bank3228 Eastern Ave # 30Baltimore, MD 21224

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