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CDs & IRAs

The Bank of Delmarva offers several different CD & IRA options. Use the table below for a brief overview.

Questions? Call 410-548-7892 or stop by a location to discuss your options.

CDs & IRAs
Account Type Minimum Deposit to Open Account Minimum Balance to Obtain APY Interest Rate Annual Percentage Yield
91 Day CD $1,000 $1,000 0.10% 0.10%
6 Month CD $2,500 $2,500 0.30% 0.30%
12 Month CD*/IRA* $500 $500 0.50% 0.50%
13 Month CD*/IRA*
$2,500 $2,500 1.64% 1.65%
15 Month CD*/IRA*
$2,500 $2,500 2.23% 2.25%
18 Month CD*/IRA* $500 $500 0.60% 0.60%
24 Month CD*/IRA* $500 $500 0.75% 0.75%
36 Month CD*/IRA* $500 $500 1.00% 1.00%
45 Month CD*/IRA*
$2,500 $2,500 2.47% 2.49%
48 Month CD*/IRA* $500 $500 1.20% 1.21%
60 Month CD*/IRA* $500 $500 1.50% 1.51%

To obtain most current information please contact customer service 410-548-7892.

Interest Rates and Annual Percentage Yield (APY) Effective as of  December 4, 2018. Interest Rates are subject to change without notice. Interest is compounded Quarterly on most Certificates of Deposit.

Federal Regulation Requires substantial penalty for early withdrawal of Certificates of Deposit.

*These CDs have an Interest Rate Grabber option. The Interest Rate Grabber option allows customers to exchange their interest rate one (1) time during each CD term. The new interest rate will be the interest rate we are then offering on any other time account with a term equal to the original term of the CD. There is no cost to do the exchange. If an exchange is made, the maturity date of the account will remain the same as originally scheduled. This option may be exercised once during each term. In order to exercise the option the customer must contact the institution (either in person or by telephone) and request a rate change due to the exchange rate plan option. The new interest rate will be effective the next business day after the business day of notification. If an exception rate has been granted upon the initial deposit of a new CD or at the date of renewal of an existing CD, the Interest Rate Grabber option is not available until the next renewal date. If at the time of renewal no exception rate is given , the Interest Rate Grabber option will be available one (1) time for that CD term. Exception rate is defined as a rate to be paid that is higher than the stated interest rate.

13, 15 AND 45 MONTH CD SPECIALS - At maturity, CD will automatically renew at 12 month term and rate and be eligible for interest rate grabber. Minimum balance required to open account $2,500.  Special term and rate eligible for interest rate grabber. $2,500 minimum daily balance required to receive annual percentage yield. Penalty may be imposed for early withdrawal. 

Fees may reduce earnings on account.