Severn Bank


Overview / Commentary
410-260-2000
200 Westgate Circle, Suite 200
Annapolis, MD 21401

Severn Bank is headquartered in Annapolis and is the 14th largest bank in the state of Maryland. It is also the 923rd largest bank in the nation. It was established in 1949 and as of June of 2019, it had grown to 162 employees at 6 locations. Severn Bank's CD rates are 2X the national average, and it boasts an A+ health rating.

Related Posts

Severn Bank (MD) Adds Kasasa Cash, 3.00% APY Up To $15k - 7/29/2019

Severn Bank (MD) has added a Free Kasasa Cash Checking account, which earns 3.00% APY on qualifying balances up to $15k. Available online to all Maryland residents.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #32367
Year Established1949
Employees162
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD9.02%
Annual Interest Income$20.7MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$858.4MM$816.9MM
LoansQ2 2019vs Q2 2018$688.3MM$686.9MM
DepositsQ2 2019vs Q2 2018$688.8MM$624.2MM
Equity CapitalQ2 2019vs Q2 2018$119.9MM$111.9MM
Loan Loss AllowanceQ2 2019vs Q2 2018$8.1MM$8.2MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$5.2MM$7.6MM
Real Estate OwnedQ2 2019vs Q2 2018$1.4MM$295.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Severn 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.

Severn Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$20kKasasa Saver
OTHER TIERS: 0.50% $20k+
0.35%*$50k*-Safe Harbor Passbook Savings Account
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $50k
0.20%$200-Statement Savings Account
0.20%*$50k*-IRA Savings
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $50k
0.20%*$50k*-Health Savings Account
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $50k
0.20%*$50k*-Commercial Health Savings Account
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $50k
0.20%--Youth Statement Savings Account

Severn Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$500k*-Commercial Money Market Account
OTHER TIERS: 0.15% Up to $50k | 0.20% $50k - $100k | 0.25% $100k - $250k | 0.30% $250k - $500k
0.30%*$50k*-Money Market Account
OTHER TIERS: 0.15% Up to $2.5k | 0.20% $2.5k - $25k | 0.25% $25k - $50k

Severn Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$15kFree Kasasa Cash Checking
OTHER TIERS: 0.20% $15k+
0.30%*$500k*-Commercial Interest Checking
OTHER TIERS: 0.10% $10k - $100k | 0.20% $100k - $500k
0.20%--Chesapeake Bay Benefits Checking Account
0.20%*$100k*-Business Interest Checking
OTHER TIERS: 0.05% Up to $50k | 0.10% $50k - $100k
0.20%--Advantage Checking

Severn Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$1k-36 Month CD Bump Up
2.25%$1k-48 Month CD Bump Up
2.25%$1k-60 Month CD Bump Up
2.25%$5k-Business 36 Month CD
2.25%$5k-Business 48 Month CD
2.25%$5k-Business 60 Month CD
2.20%*$100k*-24 Month CD
OTHER TIERS: 2.10% $1k - $50k | 2.15% $50k - $100k
2.20%*$100k*-Business 24 Month CD
OTHER TIERS: 2.10% $5k - $50k | 2.15% $50k - $100k
2.05%*$100k*-18 Month CD
OTHER TIERS: 1.95% $1k - $50k | 2.00% $50k - $100k
2.05%*$100k*-Business 18 Month CD
OTHER TIERS: 1.95% $5k - $50k | 2.00% $50k - $100k
1.90%*$100k*-12 Month CD
OTHER TIERS: 1.80% $1k - $50k | 1.85% $50k - $100k
1.90%*$100k*-Business 12 Month CD
OTHER TIERS: 1.80% $5k - $50k | 1.85% $50k - $100k
1.50%*$100k*-6 Month CD
OTHER TIERS: 1.40% $1k - $50k | 1.45% $50k - $100k
1.50%*$100k*-Business 6 Month CD
OTHER TIERS: 1.40% $5k - $50k | 1.45% $50k - $100k
0.95%*$100k*-3 Month CD
OTHER TIERS: 0.85% $1k - $50k | 0.90% $50k - $100k
0.95%*$100k*-Business 3 Month CD
OTHER TIERS: 0.85% $5k - $50k | 0.90% $50k - $100k

Severn Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$100-48 Month IRA Bump Up
2.25%$100-60 Month IRA Bump Up
2.25%$100-36 Month Bump Up IRA
2.20%*$100k*-24 Months IRA
OTHER TIERS: 2.10% $100 - $50k | 2.15% $50k - $100k
2.05%*$100k*-18 Months IRA
OTHER TIERS: 1.95% $100 - $50k | 2.00% $50k - $100k
1.90%*$100k*-12 Months IRA
OTHER TIERS: 1.80% $100 - $50k | 1.85% $50k - $100k
1.50%*$100k*-6 Months IRA
OTHER TIERS: 1.40% $100 - $50k | 1.45% $50k - $100k
0.95%*$100k*-3 Months IRA
OTHER TIERS: 0.85% $100 - $50k | 0.90% $50k - $100k
Locations


Severn Bank Locations
Annapolis - West Street Branch1917 West StreetAnnapolis, MD 21401
Severn Savings Bank, FSB200 Westgate Circle, Suite 200Annapolis, MD 21401
Edgewater Branch3083 Solomons Island RdEdgewater, MD 21037
Glen Burnie Branch413 Crain Highway S.E.Glen Burnie, MD 21061
Severna Park Branch589 Benfield RdSeverna Park, MD 21146
Lothian Branch5401 Southern Maryland BlvdLothian, MD 20711

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