The Harbor Bank of Maryland

Overview / Commentary
25 West Fayette Street
Baltimore, MD 21201

The Harbor Bank of Maryland is headquartered in BALTIMORE and is the 23rd largest bank in the state of Maryland. It is also the 2,184th largest bank in the nation. It was established in 1982 and as of March of 2024, it had grown to 75 employees at 7 locations. The Harbor Bank of Maryland's money market rates are 14% higher than the national average, and it has a B+ health rating.

Reviews (3)

Great Bank

Posted by: |

Consistently high rates and unlike some banks, they pass along all interest rate increases to everyone... not just new customers. Exceptionally nice staff.

Old School, But Works Online/ Emails

Posted by: |

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

Posted by: |

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

Update Oct ‘19
Had this account for one year now and I would give them 4 stars on all categories. The websit update for rates is a bit slow but balances are timely. The IRA MM account has has dropped along with everything else but it’s still better than just about any other MM out there. It tracks a t-bill index so you know how it’s going to change the first week of the month. Note that they only pay interest Quarterly.


Health Grade Components

FDIC Certificate #24015
Year Established1982
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.23%
Return on Equity - YTD19.2%
Annual Interest Income$4.6MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$365.1MM$353MM
LoansQ1 2024vs Q1 2023$228MM$213.6MM
DepositsQ1 2024vs Q1 2023$311.6MM$309.8MM
Equity CapitalQ1 2024vs Q1 2023$44.4MM$36.8MM
Loan Loss AllowanceQ1 2024vs Q1 2023$2.8MM$2.5MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$5.6MM$3.1MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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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

0.10%$1k-Personal Statement Savings
0.10%$1k-Business Statement Savings

The Harbor Bank of Maryland Money Market Rates

0.50%*$50k*-Investment Money Market Account
OTHER TIERS: 0.25% $2.5k - $25k | 0.30% $25k - $50k
0.25%*$15k*-Money Market
OTHER TIERS: 0.20% $2.5k - $15k

The Harbor Bank of Maryland Checking Account Rates

0.05%$1k-NOW Account
0.05%$1k-Gold Plus 55+

The Harbor Bank of Maryland CD Rates

3.56%$1k-24 -29 Month CD Special
1.01%$100-24 - 29 Month CD
0.75%$500-12 - 17 Month CD
0.75%$500-18 - 23 Month CD
0.75%$100-30 - 35 Month CD
0.75%$100-60 - 120 Month CD
0.60%$100-42 - 59 Month CD
0.50%$100-36 - 41 Month CD
0.25%$500-32 Day - 5 Month CD
0.25%$500-6 - 11 Month CD
0.03%$2.5k-7 - 31 Day CD

The Harbor Bank of Maryland IRA Rates

3.56%$1k-24 -29 Month IRA Special
1.01%$100-5 Year Fixed IRA
0.50%$1k-12 Month IRA
0.50%$1k-24 Month IRA
0.50%$2.5k-30 Month IRA
0.17%$100-18 Month Variable IRA

The Harbor Bank of Maryland Locations
Inner Harbor East Branch1000 Lancaster Street Suite CBaltimore, MD 21202
The Harbor Bank Of Maryland25 W Fayette StBaltimore, MD 21201
Park Heights Branch5000 Park Heights AvenueBaltimore, MD 21215
Research Park Branch800 West Baltimore StreetBaltimore, MD 21201
Liberty Plaza Branch8530 Liberty RoadRandallstown, MD 21133
Science & Technology Park East At Johns Hopkins Br855 North Wolfe Street, Suite CBaltimore, MD 21205
Northwood Branch1509 Havenwood RoadBaltimore, MD 21218

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