bank rates

Maryland Deal: 2.60% On 60-Month CDs

With the Federal Reserve poised to raise interest rates over the next few years, savers may want to steer clear of long-term CDs – unless you can find one with a lenient early-withdrawal penalty.

Mid-Atlantic Federal Credit Union has a 60-month certificate that fits the bill perfectly for select Maryland savers.

Paying 2.60% APY with a minimum $5,000 investment, the early-withdrawal penalty is just three months’ interest. (Six to 12 months is most common.)

Mid-Atlantic’s offer handily beats the top nationally available 5-year yield of 2.45% APY from the banks on our CD Rates Leaderboard.

You can also take a look through Bankrate’s extensive database of the best CD rates from hundreds of banks and credit unions around the country, and you’ll see how few 5-year CDs pay this much.

Membership is available to anyone who lives, works or volunteers in Montgomery County, a northern suburb of Washington, D.C.

You can join Mid-Atlantic and buy its CDs online, by phone or at one of its three branches in Gaithersburg, Germantown or Silver Spring.

To find more deals like this one, visit our constantly updated roundup of the country’s leading CDs from credit unions and community banks.

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