2.75% 12-Month CD at NBRS Financial Bank in MD & PA

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NBRS Financial Bank is offering a CD special with two competitive rates: 2.75% APY for 12 months and 2.25% APY for 6 months. Minimum deposit is $1,000. The special is listed on the bank's home page as of 4/06/09.

I first posted on this bank almost a year ago regarding their reward checking account. I'm happy to report they're still offering the same high rate of 5.26% APY on balances up to $25K (see post).

It appears a branch visit is required to open accounts. Branches are located in the Maryland cities of Aberdeen, Bel Air, Elkton, Havre De Grace, Perryville, Rising Sun and in the Pennsylvania city of Peach Bottom.

NBRS Financial Bank has fair ratings for safety and soundness: 3.5 stars at BauerFinancial (based on 12/31/08 data) and 3 stars at Bankrate.com (based on 9/30/08 data). The bank has been FDIC insured since 1934 (Certificate # 4862).

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5.70% 30-Month CD at a Maryland Bank (Howard)
Howard Bank is offering a special 5.70% APY 30-month certificate of deposit. The minimum is $500, and it's available as a regular or IRA CD. There's a bump-up feature that permits a one-time rate adjustment anytime during the original term. The early withdrawal penalty is 6 months of interest.

Branches are located in Columbia, Ellicott City and Laurel, Maryland. I've sent them a message asking about out-of-state CD applications.

The bank has been FDIC insured since 2004. It has a safe and sound rating of 3 out of 5 stars (performing) at...



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