The Harbor Bank of Maryland is headquartered in Baltimore and is the 33rd largest bank in the state of Maryland. It is also the 2,262nd largest bank in the nation. It was established in 1982 and as of March of 2019, it had grown to 69 employees at 7 locations. The Harbor Bank of Maryland's CD rates are 2X the national average, and it has a B health rating.
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Old School, But Works Online/ Emails
I agree that it is a bit old school. However, i was okay to send my docs thru email and they were pretty quick to open my account. Took them a day to complete everything once they received my documents.
Old School
I opened an account here in Oct ‘18 to access the excellent IRA MM rate. I applied online but never could get access to the signature card form to complete the account opening. I called and emailed but no form. I finally went into a branch and completed the process. Website is limited but was able to link to another bank and transfer funds into a regular savings account. The IRA direct transfer request form is not available online (at least I could not find it) so I had to go back into the branch. The form is a carbonless triplicate (hence the title of this post). I’m not sure I would be comfortable here if I could not go into a branch. Hopefully they will improve the website capabilities. In the meantime I am very happy with the IRA MM rate. Some of the CD rates are pretty good too
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 24015 |
| Year Established | 1982 |
| Employees | 69 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.07% |
| Return on Equity - YTD | -0.95% |
| Annual Interest Income | $3.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $290.2MM$269.1MM |
| Loans | Q1 2019vs Q1 2018 | $209.8MM$210.5MM |
| Deposits | Q1 2019vs Q1 2018 | $256.5MM$226.3MM |
| Equity Capital | Q1 2019vs Q1 2018 | $21.0MM$19.9MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $2.1MM$2.2MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $3.9MM$1.7MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $0$150.00K |
Always verify rates and promotions with the bank or credit union. We are not The Harbor Bank of Maryland; 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 Harbor Bank of Maryland Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $1k | - | Personal Statement Savings | |
| 0.15% | $1k | - | Business Statement Savings |
The Harbor Bank of Maryland Money Market Rates
The Harbor Bank of Maryland Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $1k | - | NOW Account | |
| 0.05% | $1k | - | Gold Plus 55+ |
The Harbor Bank of Maryland CD Rates
The Harbor Bank of Maryland IRA Rates
| The Harbor Bank of Maryland Locations | ||
|---|---|---|
| Inner Harbor East Branch | 1000 Lancaster Street Suite C | Baltimore, MD 21202 |
| The Harbor Bank Of Maryland | 25 West Fayette Street | Baltimore, MD 21201 |
| Park Heights Branch | 5000 Park Heights Avenue | Baltimore, MD 21215 |
| Riverdale Branch | 6820 Riverdale Road | Riverdale, MD 20737 |
| Research Park Branch | 800 West Baltimore Street | Baltimore, MD 21201 |
| Liberty Plaza Branch | 8530 Liberty Road | Randallstown, MD 21133 |
| Science & Technology Park East At Johns Hopkins Br | 855 North Wolfe Street, Suite C | Baltimore, MD 21205 |