Highest Maryland 6-Month CD Interest Rates

Now that we’re heading into a new month, banks and credit unions in Maryland are likely to adjust their interest rates. In order to be sure you’re still earning the best rate near you, it’s important to one again check up on current rates. The following is a look at how Maryland CD rates are performing for a 6-month term and where you can get the highest rates today.

Current 6-Month CD Rates in Maryland

There are a total of 30 CD accounts available in Maryland for a term of six months. Out of all these accounts, the average rate is 0.58% APY. The lowest rate we have on record is actually 0.3% APY. So where can you get the best 6-month CD rate?

Maryland Bank with Highest Rate: Community banks are known for having some of the most competitive interest rates and it’s more than likely you live close to at least one, if not several banks with great CD rates. Currently, the bank with the highest 6-month CD rate is Hopkins Federal Savings Bank: 1.11% APY.

Maryland Credit Union with Highest Rate: Credit unions tend to have the best rates overall, but you have to be a member of the CU to open an account. Today, the credit union in Maryland with the best 6-month CD rate is Allegany Co Teachers Credit Union: 1.41% APY.

Please note that the above rates are accurate as of June 2, 2011 but are subject to change at any time. Contact individual financial institutions to verify rates before opening an account. Additionally, you can view the most up-to-date interest rate information for these accounts by visiting the Maryland 6-Month CD Rates page.