bank rates

Maryland Bank Offers 3 Top CD Rates

Bay Bank offers top CD rates.We’ve been hard-pressed to find above-Leaderboard CD rates anywhere other than at credit unions for quite some time, so we were excited about the trio of decent offerings at Maryland’s Bay Bank.

With a $1,000 minimum deposit, it pays:

  • 1.26% APY for 24-month CDs.
  • 1.51% APY for 36-month CDs.
  • 2.02% APY for 60-month CDs.

The 60-month CD is clearly the best of the bunch. It beats the top nationally available 5-year CD rate on our CD Rates Leaderboard by nearly a fifth of a percentage point.

But the 3-year CD is almost a tenth of a percentage point higher than its term leader. The 2-year CD is just one-hundredth of a percentage point better.

You have to be a Maryland resident to buy these certificates of deposit and do so in person at one of Bay Bank’s two locations.

The bank’s headquarters are at 2328 W. Joppa Road in Lutherville, and its Eastern Shore branch is at 109 Poplar Hill Ave. in Salisbury.

Learn more about Bay Bank at or call 410-494-2580.

Compare these returns with the best CD rates from scores of banks in our extensive database.

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