We don’t often get to feature local CD deals from Maryland, as the Chesapeake State simply doesn’t offer up very many.
But for savers in Anne Arundel County, which centers on Annapolis, Severn Savings Bank is promoting a winner.
It pays 1.75% APY on a 36-month term, which is more than enough to beat the top nationally available return of 1.66% APY from the banks on our CD Rates Leaderboard.
It also earns Severn Savings a spot in our constantly updated roundup of the country’s top-paying community bank and credit union CDs.
This promotional certificate of deposit requires a minimum $10,000 investment of new money and can be opened at any of the bank’s five branches in Annapolis, Glen Burnie and Edgewater.
But as always, we suggest checking Bankrate’s extensive database of the day’s best CD rates before committing funds to any certificate.