bank rates

Spring Deal For Metro Washington Savers

It’s almost as if Cardinal Bank is sympathizing with all the savers who are waiting to see when the Fed will finally raise interest rates.

In a phenomenal short-term CD offer, the Washington, D.C.-area bank is paying 1.50% APY on 6-month CDs.

As if that weren’t enough, Cardinal has also made it a no-penalty CD, allowing for one penalty-free withdrawal during the CD’s term.

With the best nationally available 6-month return from the banks on our CD Rates Leaderboard topping out at 1.05% APY, Cardinal’s special CD pays almost half of a percentage point more.

It also beats all of the other top local CD deals we track at community banks and credit unions.

Billed as a limited-time offer but with no advertised expiration date, the promotional CD requires a minimum deposit of $1,000 in new money, or funds not already on deposit with Cardinal.

Residents of Virginia, Maryland and Washington, D.C., are eligible to purchase the certificates of deposit and can do so online, by phone or at one of Cardinal’s 31 branches in the Washington area.

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