A certificate of deposit (CD) earns higher interest on your savings when you invest those funds for a set period of time. Howard Bank’s Fixed Rate CD is an individual retirement account (IRA) investment that’s ideal for people who want a guaranteed rate of return over the CD term.

As community bankers who truly care about our customers, we’re here to help if you have questions about which CD is right for you.

The benefits of our Fixed Rate CD include:

  • Multiple options: Term lengths for our Fixed Rate CD range from 3 months to 5 years.
  • Attractive rates: Competitive market rates.
  • Security: FDIC insurance covers bank funds that include CDs for a total of up to $250,000 per individual. CDs provide a safer option than stock market investments, so you’re not at the mercy of shifting financial currents.

Are you ready to open a Certificate of Deposit?

We’re here to help. Call 410-750-0020  or email us.


Fees may reduce earnings

Penalties for early withdrawal apply. We cannot waive the penalty for withdrawals made up to six days from the date of deposit, the penalty of which is seven days' interest. Early penalties apply for subsequent withdrawals. The penalty for early CD withdrawals is 90 days’ interest for terms of one year or less and 180 days’ interest for terms over one year. Early withdrawal penalties can also reduce the initial principal invested. For IRAs, if you withdraw money from your individual retirement account prior to age 59 ½ you may be subject to a 10% early withdraw penalty.  Consult your tax or legal advisor on your specific situation. Offer good for the initial term only.  CD is automatically renewed for the same term 

CDs and CD / IRAs are not available to residents of NY, NV or OR. See our Schedule of Charges [PDF] for details on account fees .  Access the latest rates on our website 24/7. 
Qualified checking account means any Howard Bank checking account with a direct deposit at least once every 90 days. If checking account stops receiving a direct deposit or if checking account closes, rate may be reduced to current rate.