Damascus Community Bank is a Maryland based bank.  The bank is based in Damascus, Maryland and three bank branches in Montgomery County, two bank branches in Frederick County and one bank branch in Carroll County.  Damascus Community Bank was founded in 1988 and remains a locally owned and managed community bank.

Damascus Community Bank provides individuals and businesses access to a variety of banking services and products.  The bank offers various deposit products comprising checking accounts, business checking accounts, NOW accounts, direct checking accounts, money market deposit accounts, personal checking accounts, statement savings accounts, certificates of deposit, and individual retirement accounts.

From the credit side of business, Damascus Community Bank can service a variety of credit needs from commercial loans, automobile loans, overdraft protection lines to personal loans and mortgages.

Damascus Community Bank has all types of certificates of deposit available with varying Maryland CD rates.  Interest earned on a bank CD may be paid monthly or accrued and compounded.

The minimum deposit requirement for the standard bank CDs is $1,000.00.  Damascus Community Bank offers the following bank CD terms and CD rates in Maryland:

3 month bank CD rate 0.50%
6 month CD interest rate 0.75%
1 year CD rate 1.00%
2 year CD interest rate 1.20%
3 year CD rate 1.45%
4 year bank CD rate 1.65%
5 year CD rate 1.75%

Damascus Community Bank also offers Premium bank CDs for balances of $100,000.00 and up.  These bank CDs will typically have a higher CD interest rate than the bank’s standard certificates and offer some additional special features.

Maryland CD rates offered through Damascus Community Bank are subject to change and additional conditions may apply.  For current CD rates and account information a bank representative can be reached at 301-253-1000.  Bank rates and CD rates are also available on the bank website which is located at www.damascuscommbank.com.  Interest rates and bank product information as well as bank locations and hours are also available from the bank’s automated telephone banking service which can be reached at 301-482-1322.

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