Best CD Rates in Maryland
Vikram Singh
Best 6-Month CD Rates in Maryland

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.

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

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.

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

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.

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

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.

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.