Competitive CD Specials at Midstate Federal in MD - Local Only


Midstate Federal Savings and Loan Association is offering three competitive CD specials. The following are the rates listed at the bank's current specials page as of the morning of 5/28/2010:

  • 1.85% APY 13 to 17 months
  • 2.10% APY 19 to 23 months
  • 2.35% APY 31 months

Minimum deposit is $10,000. In addition to these CD specials, the bank has some noteworthy standard CDs. Below are some of the competitive rates as listed at the bank's CD page as of 5/28/2010.

One is a 36-month add-on CD. The rate is a little low for a 3-year CD at 2.20% APY, but it allows unlimited add-on deposits and the minimum initial deposit is only $100. This will be a good account to have if rates continue to stay low for next few years.

In addition to the add-on CD, the standard CD short-term CD rates are quite competitive. These include a 1.20% APY 3-month CD, a 1.40% APY 6-month CD and a 1.60% APY 12-month CD. Minimum deposit is $1,000.

It appears that a branch visit is required to open an account. It's a one-office bank located in Baltimore, Maryland.

The bank's ratings for safety and soundness are a mixed: 3½ stars (good) at BauerFinancial, 2 stars (below peer group) at and an overall health score of 3 out of 5 at (see our Midstate Federal rates and reviews page). The bank has been a FDIC member since 1985 (FDIC Certificate # 29930)

Related Pages: CD rates