Finding a good CD rate doesn’t have to be a challenge. This is our list of the best CD rates in Maryland.

Find the best banks in Maryland here.

Best 6-Month CD Rates in Maryland

4.0
Our Rating

Bank or Credit Union Name: First Internet Bank of Indiana

Minimum Amount: $1000.00

APY / Rate: 4.39% APY

Pros:

  • Only $1,000 minimum balance to open
  • Interest is compounded daily and credited monthly
  • Rates are locked for the term chosen and cannot go down

Rules:

  • In order to open a CD, you’ll need to deposit a minimum amount of money, which may vary depending on the term and rate of the CD.
  • The term of the CD is the amount of time that you agree to keep your money in the CD. At Greenwood Credit Union, CD terms range from 3 months to 60 months.
  • The interest rate on the CD is the rate at which your money will earn interest. Generally, longer-term CDs will offer higher rates than shorter-term CDs. Greenwood Credit Union offers both fixed-rate and variable-rate CDs.
  • If you need to withdraw money from your CD before the maturity date, you will typically be charged an early withdrawal penalty. The specific penalty amount will depend on the term and type of CD you have.
  • You can open a CD as an individual or joint account holder. You may also be able to open a CD as an IRA account.
4.0
Our Rating

Bank or Credit Union Name: Vio bank

Minimum Amount: $500.00

APY / Rate: 4.25% APY

Pros:

  • Your money is FDIC insured up to $250,0003
  • Terms ranging from 6 months to 10 years, and only $500 minimum to open
  • We regularly monitor the competition to ensure our rates are some of the best in the nation2

Rules:

  • To earn CD rates, you need to open a CD account with Vio Bank. You can do this online by visiting their website or by calling their customer service team.
  • Vio Bank offers CD terms ranging from 6 to 60 months. Choose a term that works best for your financial goals.
  • Vio Bank requires a minimum deposit to open a CD account. The minimum deposit varies depending on the CD term, so make sure you have enough funds to meet the requirement.
  • Once you open a CD account, you need to maintain the deposit until the CD matures. If you withdraw the funds before the maturity date, you may incur penalties and forfeit some of the interest earned.
  • When the CD matures, you have the option to renew the CD for another term or withdraw the funds. If you choose to renew, make sure to review the current CD rates to ensure you are getting the best rate.

Best 12 Month CD Rates in Maryland

4.0
Our Rating
BMO Harris Bank

Bank or Credit Union Name: BMO Harris

Minimum Amount: $1000

APY / Rate: 5.00%

Pros:

  • Competitive CD rates
  • Decent minimum balance requirement
  • Easy CD withdrawal methods
  • 3-months to 60-month term available

Rules:

  • A CD can be opened via mobile, online,, or telephone.
  • The interest on the CD is compounded monthly and added to the account on a fixed date every month.
  • There is a penalty for early withdrawal which depends on the term and amount of the CD.
4.0
Our Rating

Bank or Credit Union Name: Alliant Credit Union

Minimum Amount: $1000

APY Rate: 4.65% APY

Pros:

  • Funds are insured up to $250,000 by NCUA
  • Low minimum deposit of only $1,000; no maximum
  • Great dividend rates

Rules:

  • Dividends compounded every month and at maturity.
  • Incur an early withdrawal penalty

Best 3 Years CD Rates in Maryland

4.0
Our Rating

Bank or Credit Union Name: First Internet Bank of Indiana

Minimum Amount: $1000.00

APY / Rate: 4.44% APY

Pros:

  • Only $1,000 minimum balance to open
  • Interest is compounded daily and credited monthly
  • Rates are locked for the term chosen and cannot go down

Rules:

  •  In order to open a CD, you’ll need to deposit a minimum amount of money, which may vary depending on the term and rate of the CD.
  • The term of the CD is the amount of time that you agree to keep your money in the CD. At Greenwood Credit Union, CD terms range from 3 months to 60 months.
  • The interest rate on the CD is the rate at which your money will earn interest. Generally, longer-term CDs will offer higher rates than shorter-term CDs. Greenwood Credit Union offers both fixed-rate and variable-rate CDs.
  • If you need to withdraw money from your CD before the maturity date, you will typically be charged an early withdrawal penalty. The specific penalty amount will depend on the term and type of CD you have.
  • You can open a CD as an individual or joint account holder. You may also be able to open a CD as an IRA account.
4.0
Our Rating

Bank or Credit Union Name: Synchrony Bank

Minimum Amount: $0.00

APY Rate: 4.30% APY

Pros:

  • Best APY rate
  • No minimum balance required
  • High yield savings options
  • No penalty on premature interest withdrawal
  • 10 days grace period after maturity to add more funds to the CD

Rules:

  • The interest is compounded monthly and added to the account at the end of the month.
  • There is no minimum balance required to earn interest.
  • Also no penalty on premature withdrawals.

Best 5 Years CD Rates in Maryland

4.0
Our Rating
GTE Financial

Bank or Credit Union Name: GTE Financial Credit Union

Minimum Amount: $500

APY / Rate: 4.54% APY

Pros:

  • Open with as little as $500
  • Some of the best rates in the nation
  • Variety of term options
  • Open online in minutes
  • Federally Insured by NCUA

Rules:

  • No early withdrawals may be made during the first 60 days from opening the Share Certificate.
  • Early withdrawals will be penalized anywhere from 90 to 180 days of earned dividends. Please review your Certificate disclosure for more details.
  • There are no penalties for monthly dividend withdrawals. Early withdrawal penalties will apply if the certificate is closed before the maturity date.
  • You can withdraw up to 10% of the principal plus dividends one time per year (20% of the current balance if over 59 1/2 years old) with no early withdrawal penalty on IRA certificates.
  • Any monthly withdrawals or transfers reduce earnings.
4.0
Our Rating

Bank or Credit Union Name: CFG Community Bank

Minimum Amount: $500.00

APY / Rate: 4.50% APY

Pros:

  • The high yield rate of interest
  • A decent minimum amount required
  • FDIC insured banking option
  • Strong customer support system

Rules:

  • To open a CD an investor can approach the bank online or in-branch.
  •  The minimum deposit allowed in a CD is $500 and the maximum limit is set at $250,000.
  • The interest on the CD is compounded monthly.
  • Premature withdrawal from the CD is subject to a penalty.