Best Local Bank Savings and Money Market Rates in Glenarden, Maryland, MD June 16, 2025

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If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!

Glenarden, MD - June 16, 2025

Savings Account National Average Rate: 0.45% ^?

Banks	APY	MIN
Eaglebank Eaglebank Branch	4.40% 2.20%	$0 $100	Learn More Add Review
Presidential Bank, Fsb Presidential Bank, Fsb Branch	4.37%	$25,000	Learn More Add Review
Citibank, National Association Montgomery Village Branch	4.35% 0.20%	$0 $1	Learn More
Promotional rate for 3 months up to $11,000. Requires $25,000 in new deposits within 10 days of registration. After 3 month promotional period, rate reverts to between 0.03% and 0.12%. Rate History: 5.00% → 4.75% → 5.00% → 4.50% → 4.35%
Azoic \| Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More Reviews (22)
Cfg Bank Cfg Community Bank Branch	4.32%	$1,000	Learn More
Rate History: 4.80% → 4.65% → 4.52% → 4.37% → 4.32%
richardw9 \| Jan 30, 2025 I found CFG Bank while searching for high APYs and went with them since they consistently offers some of the best rates in the country. I’ve had a great experience with my personal money market account. ... Read More Reviews (9)
Forbright Bank Rockville Pike Branch	4.25%	$0	Learn More
Growth Savings Rate History: 5.15% → 5.30% → 5.00% → 4.60% → 4.25%
lrcbob \| Jul 26, 2024 Multiple roadblocks trying to set up a savings account with Forbright and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and ... Read More Reviews (2)
Forbright Bank Rockville Pike Branch	3.90%	$2,500	Learn More
Rate History: 4.25% → 4.10% → 3.90%
lrcbob \| Jul 26, 2024 Multiple roadblocks trying to set up a savings account with Forbright and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and ... Read More Reviews (2)
Td Bank, National Association New Carrollton, Md Branch	3.70% 2.25%	$100,000 $50,000	Learn More
Rate History: 4.00% → 3.70%
Turonemckinney17@gmail.com \| May 19, 2018 Experience Read More Reviews (1)
Truist Bank Church Circle Main Branch	3.66% 0.01%	$0 $1	Learn More
Rate History: 4.00% → 3.65% → 3.66%
Customer \| Jul 28, 2022 Not at all happy with Truist compared to BB+T. New transaction policy makes them painfully slow. Paying .01 % interest on money market accounts, 13 week T Bill's are around $2.5%.I hope that they are enj... Read More Reviews (6)
Capital One, National Association 5424 Western Ave Branch	3.60%	$1	Learn More
Rate History: 4.10% → 4.00% → 3.90% → 3.80% → 3.60%
highstream \| Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More Reviews (16)
Hsbc Bank Usa, National Association Bethesda Branch	3.60% 0.01%	$1 $0	Learn More
Rate History: 4.00% → 3.85% → 3.75% → 3.70% → 3.60%
john \| Apr 14, 2020 I call HSBC they told me they don't have 1.85 1 year CD. current CD is 0.8 / year Read More Reviews (3)
Sandy Spring Bank Sandy Spring Bank Branch	3.35%	$10,000	Learn More
Rate History: 3.50% → 3.35%
boon \| Oct 11, 2017 special; 14 MO CD 1.20% Read More Reviews (1)
Woodforest National Bank 0140 Salisbury Maryland Branch	3.25% 2.25% 1.75% 1.25% 0.35%	$500,000 $250,000 $100,000 $1 $0	Learn More
Rate History: 4.00% → 3.75% → 3.50% → 3.25%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
Atlantic Union Bank South Salisbury Branch	3.04% 2.73%	$100,000 $0	Learn More
Rate History: 0.41% → 3.04%
tedd \| Jun 28, 2021 They bait and switch. Advertise cds at .40 but offer only .04 when in the office. Sharp business practice. Read More Reviews (2)
Eaglebank Eaglebank Branch	2.85% 2.65% 2.55%	$500,000 $250,000 $0	Learn More Add Review
Capital One, National Association 5424 Western Ave Branch	2.50%	$1	Learn More
highstream \| Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More Reviews (16)
First Shore Federal Savings And Loan Association First Shore Federal Savings And Loan Branch	2.00% 1.00% 0.50%	$250,000 $200 $2,500	Learn More
wwchinski@verizon.net \| Jul 11, 2018 cd rates Read More Reviews (2)
Eastern Savings Bank, Fsb Eastern Savings Bank, Fsb Branch	1.25% 0.10%	$75,000 $1,000	Learn More Add Review
Wells Fargo Bank, National Association Saint Paul Street Branch	1.01% 0.01%	$100,000 $1	Learn More
Rate History: 1.01% → 1.02% → 1.01%
Thy King \| Feb 6, 2023 after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More Reviews (7)
Atlantic Union Bank South Salisbury Branch	0.65% 0.40% 0.25% 0.15%	$250,000 $100,000 $25,000 $0	Learn More
Rate History: 0.65% → 3.04% → 0.65% → 3.04% → 0.65%
tedd \| Jun 28, 2021 They bait and switch. Advertise cds at .40 but offer only .04 when in the office. Sharp business practice. Read More Reviews (2)
Cecil Bank Cecil Bank Branch	0.50%	$2,500	Learn More
Savvysaver \| Jul 24, 2021 $2000 minimum, 0.20% APY Read More Reviews (1)
Rosedale Federal Savings And Loan Association Rosedale Federal Savings And Loan As Branch	0.40%	$2,500	Learn More Add Review
Woodforest National Bank 0140 Salisbury Maryland Branch	0.40% 0.25%	$10,000 $0	Learn More
Rate History: 1.00% → 0.50% → 0.40%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
Rosedale Federal Savings And Loan Association Rosedale Federal Savings And Loan As Branch	0.35%	$25,000	Learn More Add Review
Presidential Bank, Fsb Presidential Bank, Fsb Branch	0.35% 0.30%	$35,000 $10,000	Learn More Add Review
Harford Bank Harford Bank Branch	0.30%	$20,000	Learn More Add Review
Cecil Bank Cecil Bank Branch	0.30%	$2,500	Learn More
Savvysaver \| Jul 24, 2021 $2000 minimum, 0.20% APY Read More Reviews (1)
Rosedale Federal Savings And Loan Association Rosedale Federal Savings And Loan As Branch	0.30%	$10,000	Learn More Add Review
Sandy Spring Bank Sandy Spring Bank Branch	0.25%	$1	Learn More
boon \| Oct 11, 2017 special; 14 MO CD 1.20% Read More Reviews (1)
Somerset Trust Company Grantsville Plaza Branch	0.25%	$25,000	Learn More Add Review
Acnb Bank New Windsor Br Branch	0.25%	$25,000	Learn More Add Review
Orrstown Bank Eastern Blvd Branch	0.25%	$25,000	Learn More Add Review
Jarrettsville Federal Savings And Loan Association Jarrettsville Federal Savings And Lo Branch	0.25%	$25,000	Learn More
Savvysaver \| Jul 24, 2021 Rate is incorrect. Read More Reviews (1)
Rosedale Federal Savings And Loan Association Rosedale Federal Savings And Loan As Branch	0.25%	$2,500	Learn More Add Review
Bayvanguard Bank North Point Road Branch	0.25%	$25,000	Learn More Add Review
Harford Bank Harford Bank Branch	0.20%	$2,500	Learn More Add Review
First National Bank In Frankfort	0.20%	$0	Learn More Add Review
Miners & Merchants Bank Oakland Maryland Branch	0.20%	$2,500	Learn More Add Review
Somerset Trust Company Grantsville Plaza Branch	0.20%	$2,500	Learn More Add Review
Orrstown Bank Eastern Blvd Branch	0.20%	$10,000	Learn More Add Review
Jarrettsville Federal Savings And Loan Association Jarrettsville Federal Savings And Lo Branch	0.20%	$2,500	Learn More
Savvysaver \| Jul 24, 2021 Rate is incorrect. Read More Reviews (1)
Bayvanguard Bank North Point Road Branch	0.20%	$10,000	Learn More Add Review
Acnb Bank New Windsor Br Branch	0.20%	$25,000	Learn More Add Review
Farmers And Merchants Bank Farmers And Merchants Bank Branch	0.20%	$25,000	Learn More Add Review
Homewood Federal Savings Bank Homewood Federal Savings Bank Branch	0.20%	$25,000	Learn More Add Review
John Marshall Bank Rockville Branch	0.20%	$25,000	Learn More Add Review
The Farmers Bank Of Willards The Farmers Bank Of Willards Branch	0.20%	$2,500	Learn More Add Review
Bank Of Ocean City Bank Of Ocean City Branch	0.20%	$25,000	Learn More Add Review
Calvin B. Taylor Banking Company Of Berlin, Maryland Calvin B. Taylor Banking Company Of Berlin, Maryland Branch	0.20%	$25,000	Learn More Add Review
Harford Bank Harford Bank Branch	0.15%	$1	Learn More Add Review
Somerset Trust Company Grantsville Plaza Branch	0.15%	$10,000	Learn More Add Review
Middletown Valley Bank Middletown Valley Bank Branch	0.15%	$2,500	Learn More Add Review
Acnb Bank New Windsor Br Branch	0.15%	$10,000	Learn More Add Review
Orrstown Bank Eastern Blvd Branch	0.15%	$2,500	Learn More Add Review
Jefferson Security Bank Sharpsburg Office Branch	0.15%	$25,000	Learn More Add Review
Jarrettsville Federal Savings And Loan Association Jarrettsville Federal Savings And Lo Branch	0.15%	$2,500	Learn More
Savvysaver \| Jul 24, 2021 Rate is incorrect. Read More Reviews (1)
Bayvanguard Bank North Point Road Branch	0.15%	$2,500	Learn More Add Review
The Harbor Bank Of Maryland The Harbor Bank Of Maryland Branch	0.15%	$2,500	Learn More Add Review
Arundel Federal Savings Bank Arundel Federal Savings Bank Branch	0.15%	$2,500	Learn More Add Review
Hebron Savings Bank Hebron Savings Bank Branch	0.15%	$2,500	Learn More
Edward Rote \| Aug 6, 2019 Run Run very far away. Find an institution where the upper staff actually can add. It is run like a pawn shop and payday loan Read More Reviews (1)
Calvin B. Taylor Banking Company Of Berlin, Maryland Calvin B. Taylor Banking Company Of Berlin, Maryland Branch	0.15%	$10,000	Learn More Add Review
The Peoples Bank The Peoples Bank Branch	0.12%	$10,000	Learn More Add Review
First-citizens Bank & Trust Company Annapolis Bestgate Office Branch	0.10% 0.07%	$100,000 $25,000	Learn More
MrBond \| Feb 25, 2023 I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More Reviews (3)
Shore United Bank Shore United Bank Branch	0.10%	$1	Learn More Add Review
Cnb Bank, Inc. Hancock Branch	0.10%	$25,000	Learn More Add Review
Woodsboro Bank Woodsboro Bank Branch	0.10%	$25,000	Learn More
C P hoult \| Jun 16, 2022 Customer service Very Good. Always available Read More Reviews (1)
Orrstown Bank Eastern Blvd Branch	0.10%	$10,000	Learn More Add Review
Jefferson Security Bank Sharpsburg Office Branch	0.10%	$2,500	Learn More Add Review
Bayvanguard Bank North Point Road Branch	0.10%	$2,500	Learn More Add Review
Farmers And Merchants Bank Farmers And Merchants Bank Branch	0.10%	$10,000	Learn More Add Review
Homewood Federal Savings Bank Homewood Federal Savings Bank Branch	0.10%	$2,500	Learn More Add Review
Arundel Federal Savings Bank Arundel Federal Savings Bank Branch	0.10%	$2,500	Learn More Add Review
John Marshall Bank Rockville Branch	0.10%	$2,500	Learn More Add Review
The Queenstown Bank Of Maryland The Queenstown Bank Of Maryland Branch	0.10%	$2,500	Learn More Add Review
The Peoples Bank The Peoples Bank Branch	0.10%	$2,500	Learn More Add Review
The Chesapeake Bank & Trust Co. The Chesapeake Bank & Trust Co. Branch	0.10%	$25,000	Learn More Add Review
Hebron Savings Bank Hebron Savings Bank Branch	0.10%	$2,500	Learn More
Edward Rote \| Aug 6, 2019 Run Run very far away. Find an institution where the upper staff actually can add. It is run like a pawn shop and payday loan Read More Reviews (1)
Bank Of Ocean City Bank Of Ocean City Branch	0.10%	$2,500	Learn More Add Review
Calvin B. Taylor Banking Company Of Berlin, Maryland Calvin B. Taylor Banking Company Of Berlin, Maryland Branch	0.10%	$2,500	Learn More Add Review
Atlantic Union Bank South Salisbury Branch	0.10%	$0	Learn More
tedd \| Jun 28, 2021 They bait and switch. Advertise cds at .40 but offer only .04 when in the office. Sharp business practice. Read More Reviews (2)
Clear Mountain Bank Oakland Branch	0.07%	$1	Learn More Add Review
Farmers And Merchants Bank Farmers And Merchants Bank Branch	0.07%	$2,500	Learn More Add Review
Cnb Bank, Inc. Hancock Branch	0.05%	$1,000	Learn More Add Review
First United Bank & Trust First United Bank & Trust Branch	0.05%	$2,500	Learn More Add Review
Clear Mountain Bank Oakland Branch	0.05%	$1,000	Learn More Add Review
Woodsboro Bank Woodsboro Bank Branch	0.05%	$2,500	Learn More
C P hoult \| Jun 16, 2022 Customer service Very Good. Always available Read More Reviews (1)
Acnb Bank New Windsor Br Branch	0.05%	$2,500	Learn More Add Review
Orrstown Bank Eastern Blvd Branch	0.05%	$2,500	Learn More Add Review
Jefferson Security Bank Sharpsburg Office Branch	0.05%	$2,500	Learn More Add Review
Farmers And Merchants Bank Farmers And Merchants Bank Branch	0.05%	$2,500	Learn More Add Review
Capital Bank, National Association Capital Bank, National Association Branch	0.05%	$2,500	Learn More
Savvysaver \| Jul 24, 2021 Rate is incorrect. Read More Reviews (1)
The Harbor Bank Of Maryland The Harbor Bank Of Maryland Branch	0.05%	$2,500	Learn More Add Review
Homewood Federal Savings Bank Homewood Federal Savings Bank Branch	0.05%	$2,500	Learn More Add Review
The Bank Of Glen Burnie The Bank Of Glen Burnie Branch	0.05%	$2,500	Learn More Add Review
The Chesapeake Bank & Trust Co. The Chesapeake Bank & Trust Co. Branch	0.05%	$2,500	Learn More Add Review
Bank Of America, National Association Bank Center Branch	0.04%	$2,500	Learn More
Treasure \| Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More Reviews (11)
Cnb Bank, Inc. Hancock Branch	0.03%	$50	Learn More Add Review
Shore United Bank Shore United Bank Branch	0.03%	$1	Learn More Add Review
First United Bank & Trust First United Bank & Trust Branch	0.03%	$2,500	Learn More Add Review
Middletown Valley Bank Middletown Valley Bank Branch	0.03%	$2,500	Learn More Add Review
Pnc Bank, National Association Bel Air South Branch	0.02%	$50,000	Learn More
Rate History: 1.00% → 0.05% → 0.02%
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
Pnc Bank, National Association Bel Air South Branch	0.01%	$2,500	Learn More
Rate History: 0.03% → 0.01%
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
Northwest Bank Waverly Park Branch	0.01%	$100	Learn More Add Review
First National Bank Of Pennsylvania Germantown Branch	0.01%	$2,500	Learn More
Mark \| Apr 21, 2020 Your information is very inaccurate. Interest rates are a fraction of 1%. Call the bank yourself. Read More Reviews (1)

All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.

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Branches Info around Glenarden, MD - June 16, 2025

Branch	Street	City	State
EagleBank Eaglebank Branch	7815 Woodmont Avenue	Bethesda	MD
Presidential Bank, FSB Presidential Bank, Fsb Branch	4520 East-West Highway	Bethesda	MD
Citibank, National Association Montgomery Village Branch	6 Montgomery Village Avenue	Gaithersburg	MD
CFG Bank Cfg Community Bank Branch	11 W. Ridgely Road	Lutherville	MD
Forbright Bank Rockville Pike Branch	1700 Rockville Pike	Rockville	MD
Forbright Bank Rockville Pike Branch	1700 Rockville Pike	Rockville	MD
TD Bank, National Association New Carrollton, Md Branch	8211 Annapolis Road	Hyattsville	MD
Truist Bank Church Circle Main Branch	5 Church Circle	Annapolis	MD
Capital One, National Association 5424 Western Ave Branch	5424 Western Avenue	Chevy Chase	MD
HSBC Bank USA, National Association Bethesda Branch	7637 Old Georgetown Road	Bethesda	MD
Sandy Spring Bank Sandy Spring Bank Branch	17801 Georgia Avenue	Olney	MD
Woodforest National Bank 0140 Salisbury Maryland Branch	2702 North Salisbury Boulevard	Salisbury	MD
Atlantic Union Bank South Salisbury Branch	1503 South Salisbury Blvd.	Salisbury	MD
EagleBank Eaglebank Branch	7815 Woodmont Avenue	Bethesda	MD
Atlantic Union Bank South Salisbury Branch	1503 South Salisbury Blvd.	Salisbury	MD
EagleBank Eaglebank Branch	7815 Woodmont Avenue	Bethesda	MD
EagleBank Eaglebank Branch	7815 Woodmont Avenue	Bethesda	MD
Capital One, National Association 5424 Western Ave Branch	5424 Western Avenue	Chevy Chase	MD
Woodforest National Bank 0140 Salisbury Maryland Branch	2702 North Salisbury Boulevard	Salisbury	MD
TD Bank, National Association New Carrollton, Md Branch	8211 Annapolis Road	Hyattsville	MD
EagleBank Eaglebank Branch	7815 Woodmont Avenue	Bethesda	MD
First Shore Federal Savings and Loan Association First Shore Federal Savings And Loan Branch	106 S. Division Street	Salisbury	MD
Woodforest National Bank 0140 Salisbury Maryland Branch	2702 North Salisbury Boulevard	Salisbury	MD
Woodforest National Bank 0140 Salisbury Maryland Branch	2702 North Salisbury Boulevard	Salisbury	MD
Eastern Savings Bank, FSB Eastern Savings Bank, Fsb Branch	11350 Mccormick Road	Hunt Valley	MD
Wells Fargo Bank, National Association Saint Paul Street Branch	7 Saint Paul Street	Baltimore	MD
First Shore Federal Savings and Loan Association First Shore Federal Savings And Loan Branch	106 S. Division Street	Salisbury	MD
Atlantic Union Bank South Salisbury Branch	1503 South Salisbury Blvd.	Salisbury	MD
First Shore Federal Savings and Loan Association First Shore Federal Savings And Loan Branch	106 S. Division Street	Salisbury	MD
Cecil Bank Cecil Bank Branch	127 North St	Elkton	MD
Rosedale Federal Savings and Loan Association Rosedale Federal Savings And Loan As Branch	9616 Belair Road	Nottingham	MD
Atlantic Union Bank South Salisbury Branch	1503 South Salisbury Blvd.	Salisbury	MD
Woodforest National Bank 0140 Salisbury Maryland Branch	2702 North Salisbury Boulevard	Salisbury	MD
Woodforest National Bank 0140 Salisbury Maryland Branch	2702 North Salisbury Boulevard	Salisbury	MD
Rosedale Federal Savings and Loan Association Rosedale Federal Savings And Loan As Branch	9616 Belair Road	Nottingham	MD
Presidential Bank, FSB Presidential Bank, Fsb Branch	4520 East-West Highway	Bethesda	MD
Harford Bank Harford Bank Branch	8 West Bel Air Avenue	Aberdeen	MD
Cecil Bank Cecil Bank Branch	127 North St	Elkton	MD
Rosedale Federal Savings and Loan Association Rosedale Federal Savings And Loan As Branch	9616 Belair Road	Nottingham	MD
Presidential Bank, FSB Presidential Bank, Fsb Branch	4520 East-West Highway	Bethesda	MD
Woodforest National Bank 0140 Salisbury Maryland Branch	2702 North Salisbury Boulevard	Salisbury	MD
Sandy Spring Bank Sandy Spring Bank Branch	17801 Georgia Avenue	Olney	MD
Somerset Trust Company Grantsville Plaza Branch	3245 Chestnut Ridge Road	Grantsville	MD
ACNB Bank New Windsor Br Branch	213 Main Street	New Windsor	MD
Orrstown Bank Eastern Blvd Branch	1020 Professional Court	Hagerstown	MD
Jarrettsville Federal Savings and Loan Association Jarrettsville Federal Savings And Lo Branch	3706 Norrisville Road	Jarrettsville	MD
Rosedale Federal Savings and Loan Association Rosedale Federal Savings And Loan As Branch	9616 Belair Road	Nottingham	MD
BayVanguard Bank North Point Road Branch	7114 Northpoint Road	Edgemere	MD
Atlantic Union Bank South Salisbury Branch	1503 South Salisbury Blvd.	Salisbury	MD
Harford Bank Harford Bank Branch	8 West Bel Air Avenue	Aberdeen	MD
Miners & Merchants Bank Oakland Maryland Branch	13164 Garrett Highway	Oakland	MD
Somerset Trust Company Grantsville Plaza Branch	3245 Chestnut Ridge Road	Grantsville	MD
Orrstown Bank Eastern Blvd Branch	1020 Professional Court	Hagerstown	MD
Jarrettsville Federal Savings and Loan Association Jarrettsville Federal Savings And Lo Branch	3706 Norrisville Road	Jarrettsville	MD
BayVanguard Bank North Point Road Branch	7114 Northpoint Road	Edgemere	MD
ACNB Bank New Windsor Br Branch	213 Main Street	New Windsor	MD
Farmers and Merchants Bank Farmers And Merchants Bank Branch	15226 Hanover Pike	Upperco	MD
Homewood Federal Savings Bank Homewood Federal Savings Bank Branch	3228-30 Eastern Ave	Baltimore	MD
John Marshall Bank Rockville Branch	11 N. Washington Street, Suite 100	Rockville	MD
The Farmers Bank of Willards The Farmers Bank Of Willards Branch	7484 Market Street	Willards	MD
Bank of Ocean City Bank Of Ocean City Branch	10005 Golf Course Road	Ocean City	MD
Calvin B. Taylor Banking Company of Berlin, Maryland Calvin B. Taylor Banking Company Of Berlin, Maryland Branch	24 North Main Street	Berlin	MD
Citibank, National Association Montgomery Village Branch	6 Montgomery Village Avenue	Gaithersburg	MD
Harford Bank Harford Bank Branch	8 West Bel Air Avenue	Aberdeen	MD
Somerset Trust Company Grantsville Plaza Branch	3245 Chestnut Ridge Road	Grantsville	MD
Middletown Valley Bank Middletown Valley Bank Branch	24 West Main Street	Middletown	MD
ACNB Bank New Windsor Br Branch	213 Main Street	New Windsor	MD
Orrstown Bank Eastern Blvd Branch	1020 Professional Court	Hagerstown	MD
Jefferson Security Bank Sharpsburg Office Branch	103 West Main Street	Sharpsburg	MD
Jarrettsville Federal Savings and Loan Association Jarrettsville Federal Savings And Lo Branch	3706 Norrisville Road	Jarrettsville	MD
BayVanguard Bank North Point Road Branch	7114 Northpoint Road	Edgemere	MD
The Harbor Bank of Maryland The Harbor Bank Of Maryland Branch	25 West Fayette Street	Baltimore	MD
Arundel Federal Savings Bank Arundel Federal Savings Bank Branch	655 Crain Highway, S	Glen Burnie	MD
Hebron Savings Bank Hebron Savings Bank Branch	101 North Main Street	Hebron	MD
Calvin B. Taylor Banking Company of Berlin, Maryland Calvin B. Taylor Banking Company Of Berlin, Maryland Branch	24 North Main Street	Berlin	MD
Atlantic Union Bank South Salisbury Branch	1503 South Salisbury Blvd.	Salisbury	MD
The Peoples Bank The Peoples Bank Branch	100 Spring Avenue	Chestertown	MD
First-Citizens Bank & Trust Company Annapolis Bestgate Office Branch	890 Bestgate Road	Annapolis	MD
Shore United Bank, National Association Shore United Bank Branch	18 Dover Street	Easton	MD
CNB Bank, Inc. Hancock Branch	333 E. Main Street	Hancock	MD
Woodsboro Bank Woodsboro Bank Branch	5 North Main Street	Woodsboro	MD
Orrstown Bank Eastern Blvd Branch	1020 Professional Court	Hagerstown	MD
Jefferson Security Bank Sharpsburg Office Branch	103 West Main Street	Sharpsburg	MD
BayVanguard Bank North Point Road Branch	7114 Northpoint Road	Edgemere	MD
Eastern Savings Bank, FSB Eastern Savings Bank, Fsb Branch	11350 Mccormick Road	Hunt Valley	MD
Farmers and Merchants Bank Farmers And Merchants Bank Branch	15226 Hanover Pike	Upperco	MD
Homewood Federal Savings Bank Homewood Federal Savings Bank Branch	3228-30 Eastern Ave	Baltimore	MD
Arundel Federal Savings Bank Arundel Federal Savings Bank Branch	655 Crain Highway, S	Glen Burnie	MD
John Marshall Bank Rockville Branch	11 N. Washington Street, Suite 100	Rockville	MD
The Queenstown Bank of Maryland The Queenstown Bank Of Maryland Branch	7101 Main Street	Queenstown	MD
The Peoples Bank The Peoples Bank Branch	100 Spring Avenue	Chestertown	MD
The Chesapeake Bank & Trust Co. The Chesapeake Bank & Trust Co. Branch	245 High Street	Chestertown	MD
Hebron Savings Bank Hebron Savings Bank Branch	101 North Main Street	Hebron	MD
Bank of Ocean City Bank Of Ocean City Branch	10005 Golf Course Road	Ocean City	MD
Calvin B. Taylor Banking Company of Berlin, Maryland Calvin B. Taylor Banking Company Of Berlin, Maryland Branch	24 North Main Street	Berlin	MD
Atlantic Union Bank South Salisbury Branch	1503 South Salisbury Blvd.	Salisbury	MD
First-Citizens Bank & Trust Company Annapolis Bestgate Office Branch	890 Bestgate Road	Annapolis	MD
Clear Mountain Bank Oakland Branch	12730 Garrett Highway	Oakland	MD
Farmers and Merchants Bank Farmers And Merchants Bank Branch	15226 Hanover Pike	Upperco	MD
CNB Bank, Inc. Hancock Branch	333 E. Main Street	Hancock	MD
First United Bank & Trust First United Bank & Trust Branch	19 South Second Street	Oakland	MD
Clear Mountain Bank Oakland Branch	12730 Garrett Highway	Oakland	MD
Woodsboro Bank Woodsboro Bank Branch	5 North Main Street	Woodsboro	MD
ACNB Bank New Windsor Br Branch	213 Main Street	New Windsor	MD
Orrstown Bank Eastern Blvd Branch	1020 Professional Court	Hagerstown	MD
Jefferson Security Bank Sharpsburg Office Branch	103 West Main Street	Sharpsburg	MD
Farmers and Merchants Bank Farmers And Merchants Bank Branch	15226 Hanover Pike	Upperco	MD
Capital Bank, National Association Capital Bank, National Association Branch	One Church Street	Rockville	MD
The Harbor Bank of Maryland The Harbor Bank Of Maryland Branch	25 West Fayette Street	Baltimore	MD
Homewood Federal Savings Bank Homewood Federal Savings Bank Branch	3228-30 Eastern Ave	Baltimore	MD
The Bank of Glen Burnie The Bank Of Glen Burnie Branch	101 Crain Highway S	Glen Burnie	MD
The Chesapeake Bank & Trust Co. The Chesapeake Bank & Trust Co. Branch	245 High Street	Chestertown	MD
Bank of America, National Association Bank Center Branch	100 South Charles Street	Baltimore	MD
CNB Bank, Inc. Hancock Branch	333 E. Main Street	Hancock	MD
Shore United Bank, National Association Shore United Bank Branch	18 Dover Street	Easton	MD
First United Bank & Trust First United Bank & Trust Branch	19 South Second Street	Oakland	MD
Middletown Valley Bank Middletown Valley Bank Branch	24 West Main Street	Middletown	MD
PNC Bank, National Association Bel Air South Branch	130 South Bond Street	Bel Air	MD
Wells Fargo Bank, National Association Saint Paul Street Branch	7 Saint Paul Street	Baltimore	MD
HSBC Bank USA, National Association Bethesda Branch	7637 Old Georgetown Road	Bethesda	MD
PNC Bank, National Association Bel Air South Branch	130 South Bond Street	Bel Air	MD
Truist Bank Church Circle Main Branch	5 Church Circle	Annapolis	MD
Northwest Bank Waverly Park Branch	2470 Longstone Lane	Marriottsville	MD
First National Bank of Pennsylvania Germantown Branch	20300 Seneca Meadows Parkway	Germantown	MD

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

FREQUENTLY ASKED QUESTIONS ABOUT LOCAL SAVINGS RATES

Why do savings rates vary so much?

Even though rates are at levels that are historically very low, there is competition for your money. Like any active marketplace, there are buyers and sellers of goods and services at different prices. Banks have different cost structures and they also have different needs for capital. This leads to different rates.

BestCashCow’s surveys show that online banks offer higher savings and CD rates because they have lower expenses from not having to maintain brick-and-mortar locations. Therefore, we strongly recommend that all depositors consider the rates at online banks as savings and money market accounts online can easy be set up to enable quick transfers to your favorite local bank.

What is the difference between a savings account and a money market account?

The differences between a savings account and a money market account are largely arcane. Some money market accounts offer more ways access deposits by issuing checks and debit cards, but prudent consumers will compare the two interchangeably, focusing primarily on rates and service among FDIC-insured banks (or NCUA-insured, for credit unions). Most savvy consumers who plan their expenses and financial needs ahead find the additional functionality offered by money markets to be of little value and will choose whichever account (savings or money market) has the higher rate.

What does annual percentage yield (APY) mean?

Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. $100,000 deposited in a savings or CD account with a 1.20% APY will earn $1,200 in the course of the year, but monthly interest in the first few months may be less than $100 a month (this also depends on the number of days in the month). Hence, the APY rate is ordinarily a couple of basis points above the real interest rates. Unlike with a Certificate of Deposit, your actual APY in a savings may vary if the rate changes.

How do I choose the right savings account and should I consider CDs?

Begin your search with the table here on BestCashCow.com that you have found. In addition to checking online savings rates, you should also check local bank rates and local credit union rates. If you are unlikely to require access to your cash for some time, you may also consider certificates of deposit (CDs). While CDs have penalties for early withdrawal that may even eat into your principal, the rates on 2, 3, 4 and 5 year CDs are ordinarily significantly higher than savings rates. Several other sections and articles on BestCashCow can also help you to identify your proper cash allocation between savings and CDs. Access these below. You should also familiarize yourself with our Savings & CD Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

8 POINT CHECKLIST FOR A GREAT BANKING RELATIONSHIP WITH YOUR LOCAL BANK

Find a bank with a location convenient to you. Location counts.
Choose a bank with good rates. Rates are important to get continued growth of your capital.
Choose a bank with an extensive network of fee-free ATM machines or which reimburses out-of-network ATM fees, if you still need to regularly access cash.
Avoid fees. Choose a bank which doesn’t have service fees provided you maintain a certain balance, which doesn’t charge for ACH inbound and outbound transfers, and which has low fees for things like international wire transfers and bounced checks.
Choose a healthy bank. If you click on a bank above, you’ll be taken to the bank’s financial detail. A healthy bank has happy employees and provides loyal service to its customers. No matter how healthy your bank is, stay within FDIC insurance limits.
Find something of value to offset what may be slightly lower rates than online accounts offer. Develop personal relationship with your bankers. Personal relationships can help you to get appropriate financial advice, and to navigate financial challenges and needs in the future. (Be careful with the financial advice you receive. Inappropriate financial advice is worth a lot less than no financial advice.) They can also put you in touch with others in your community who could be valuable personally and professionally to know. If you don't use your local savings account as an opportunity to build these relationships, you may find that you are better of banking online.
Choose a bank that is going to let you access your cash when you need. The great benefit of savings accounts over any other financial product (including CDs) is that you have absolute liquidity. If your bank in creating impediments to accessing your cash (paperwork, fees, etc.), then you need another bank.
Be aware that you can have more than one account. Having a great local savings account at a large or small bank near you can be great, but it doesn't need to stop you from opening one or more online savings accounts, or even developing a relationship with another local bank or credit union.