Top CD Rates at John Marshall Bank in the DC Metro Area - Local Only

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APYMINMAXINSTITUTIONPRODUCTDETAILS
1.87%$500-John Marshall Bank5 Year CD
1.36%$500-John Marshall Bank3 Year CD
1.21%$500-John Marshall Bank2 Year CD
Accounts mentioned in this post. Rates as of September 27, 2016.

John Marshall Bank continues to offer several good deals on CDs. Rates have fallen since my last report of this bank in February, but the CD rates are still competitive. The best ones are a 1.51% APY 2-year CD, a 1.76% APY 3-year CD and a 2.32% APY 5-year CD. Minimum deposit is $500. These rates are listed in the bank's rate sheet as of 11/30/2011. There's a link to the rate sheet at the bank's personal banking webpage.

To open an account, you must be a resident of the Washington DC, Maryland or Virginia. John Marshall Bank branches are located in the Virginia cities of Arlington, Falls Church, Leesburg, in Washington DC, and in Rockville, Maryland.

The bank has grown quite a bit in the last few years. It's number two on BestCashCow's list of the fastest growing banks in the country. In that BestCashCow article, the John Marshall Bank president was interviewed and asked about its recent growth. He said that being a new bank "has helped us a great deal" allowing them to avoid much of the real estate problems. Our financial health score does show them to be in good shape. It has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 5.73% (excellent) based on September 2011 data. Please refer to our financial overview of John Marshall Bank for more details. The bank has been a FDIC member since 2006 (FDIC Certificate # 58243).

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

Comments
mschoenf
mschoenf   |     |   Comment #1
Just saw a 10 year CD @ 2.25% posted up inside a Chase Branch in San Francisco.  Lord help us if 10 years from now, someone that opens one of those is still happy with that decision.  Did not see the penalties
Anonymous
Anonymous   |     |   Comment #2
#1    I rarely buy my CDs from Chase since they have always had, imo, a steep EWP.  I just called them about the 10 year CD to see if it has changed.  I was told it is $25.00 plus 3% of the amount withdrawn.  This would amount to about $775.00 if one purchases a $25,000.00 CD and needs to withdraw the entire CD at any time.  I think that is steep for going out for 10 years and only getting back 2.25%.
pearlbrown
pearlbrown   |     |   Comment #3
Chase is apparently following Bank of America's lead with the 3% of the withdrawal amount $25 EWP.   I hope other institutions won't follow suit.   
Top Long-Term CD Rates at John Marshall Bank in the DC Metro Area - Local Only

John Marshall Bank is offering three competitive long-term CD rates: 2.94% APY for 5 years, 2.48% APY for 4 years and 2.02% APY for 3 years. Minimum deposit is $500. These rates are listed in the bank's rate sheet as of 2/8/2011. There's a link to the rate sheet at the bank's personal banking webpage.

As compared to internet banks on 2/8/2011, the best 5-year CD rate is 2.75% APY at Salem Five Bank and the best 4-year CD rate is 2.25% APY at OneWest Bank.

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