CD Rates in MD with First Shore Federal

First Shore Federal Savings and Loan is a Maryland based bank.  The bank was founded in 1953.  First Shore Federal’s main office is located in Salisbury, Maryland with six additional bank branches in Maryland as well as one additional bank branch in Delaware.

First Shore Federal offers personal and commercial banking services.  The banking services include basic checking that is designed for consumers that want a low cost and low balance account, NOW checking accounts that are interest bearing accounts, passbook and statement savings accounts, money market accounts that earn a higher rate of interest and offers limited monthly check writing, home loans that have programs for fixed and adjustable-rate mortgages, lot and construction financing and jumbo mortgages, home equity loans and certificates of deposit.

First Shore Federal’s standard certificates of deposit (CDs) offer the security of FDIC-insurance while locking into a competitive interest rate for a term the account holder chooses.  The bank CDs have a $500 minimum opening balance.  Bank CD terms are available from 3 months to 5 years.  Bank CD interest is credited to the bank account quarterly.  Accumulated interest can be transferred and checks are available.  The bank non-retirement certificates of deposit may be pledged as collateral for a share loan.  The bank CDs automatically renew.

First Shore Federal offers a certificate of deposit called the Rising Rate CD.  This bank CD offers the option of increasing the CD interest rate once during the term to the bank’s current interest rate being offered at that time.

The bank also offers an “Add To” bank CD.  This bank CD has a $200 minimum opening balance with a one year term.  With this CD, additional deposits can be made anytime during the term.

One more bank CD is the “Freedom” CD which offers the account holder the ability to make one withdrawal of principal and interest penalty free during the term of the bank CD.

Current MD CD rates available from First Shore Federal include the following terms and CD rates:

3 – 5 month bank CD rate is 0.25%
6 – 11 month CD rate is 1.00%
One year CD rate is 1.25%
13 – 17 month CD has an interest rate of 1.25%
18 – 23 month CD yields 2.00%
24 – 29 month CD rate is 1.50%
30 – 35 month bank rate is1.70%
36 – 47 month earns an interest rate of 2.06%
47 month bank CD rate 3.10%
48 – 59 month CD earns a rate of 2.20%
50 month CD interest rate is at 2.20%
Five year CD rate is 2.50%

Bank CD rates and Maryland CD rates offered by First Shore Federal are subject to change.  For timely bank rate information contact the bank directly at 800-634-6309.  CD rates including CD rates in Maryland from First Shore Federal are also updated on the bank website located at www.firstshorefederal.com.

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This entry was posted on Tuesday, September 29th, 2009 at 1:35 am and is filed under Bank Promotions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.