The Queenstown Bank of Maryland


Overview / Commentary
410-827-8881
7101 Main Street
Queenstown, MD 21658

The Queenstown Bank of Maryland is headquartered in QUEENSTOWN and is the 15th largest bank in the state of Maryland. It is also the 1,336th largest bank in the nation. It was established in 1899 and as of March of 2024, it had grown to 95 employees at 9 locations. The Queenstown Bank of Maryland's money market rates are 6X the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #8816
Year Established1899
Employees95
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD7.88%
Annual Interest Income$7.6MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$714.8MM$694.2MM
LoansQ1 2024vs Q1 2023$453.8MM$438.4MM
DepositsQ1 2024vs Q1 2023$601MM$610.5MM
Equity CapitalQ1 2024vs Q1 2023$62.8MM$59.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$6.7MM$7.5MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$1.7MM$203K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not The Queenstown 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 Queenstown Bank of Maryland Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$0$20kKasasa Saver with Kasasa Cash or Cash Back
OTHER TIERS: 0.20% $20k+
0.25%$20-IRA Savings Account
0.25%$10-Savings Club
0.10%$0-Regular Savings Account

The Queenstown Bank of Maryland Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$250k-Premier New Money Market Account-New Money
2.02%*$500k*-Premier Money Market Savings
OTHER TIERS: 0.10% $0+ | 0.25% $25k - $100k | 1.00% $100k - $250k | 1.51% $250k - $500k
0.25%*$50k*-Money Market Savings Account
OTHER TIERS: 0.10% $0 - $50k

The Queenstown Bank of Maryland Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%*$0$20kKasasa Cash
OTHER TIERS: 0.50% $20k+
0.10%$0-NOW Checking Account
0.10%$0-Super NOW Checking Account

The Queenstown Bank of Maryland CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.05%$25k-18 Month CD
3.75%$500-6 Month CD
2.01%*$50k*-15 Month CD
OTHER TIERS: 1.51% $25k - $50k
0.55%*$100k*-48 Month CD
OTHER TIERS: 0.50% $500 - $100k
0.55%$500-5 Year CD
0.50%$500-24 Month CD
0.35%$500-3 Year RAD (Rate Adjustable Deposit) CD - 1 Bump
0.30%$500-30 Month RAD (Rate Adjustable Deposit) CD - 1 Bump
0.25%$500-12 Month CD

The Queenstown Bank of Maryland IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.05%$25k-18 Month IRA
3.75%$500-6 Month IRA
2.01%*$50k*-15 Month IRA
OTHER TIERS: 1.51% $25k - $50k
0.55%*$100k*-48 Month IRA
OTHER TIERS: 0.50% $500 - $100k
0.55%$500-5 Year IRA
0.50%$500-24 Month IRA
0.35%$500-3 Year RAD (Rate Adjustable Deposit) IRA - 1 Bump
0.30%$500-30 Month RAD (Rate Adjustable Deposit) IRA - 1 Bump
0.25%$500-12 Month IRA
Locations


The Queenstown Bank of Maryland Locations
Ridgely Branch204a East 6th StreetRidgely, MD 21660
Easton Branch274 North Washington StreetEaston, MD 21601
The Queenstown Bank Of Maryland7101 Main StQueenstown, MD 21658
Chester BranchCastle Marina Road and U.S. Routes 50-301Chester, MD 21619
Centreville BranchRoute 213 and Coursevall DriveCentreville, MD 21617
Stevensville BranchRoutes 8 and 18Stevensville, MD 21666
Grasonville BranchU.S. 50 and Maryland 18Grasonville, MD 21638
Church Hill Branch1005 Sudlersville RoadChurch Hill, MD 21623

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