Highest CD Rates in Ocean City, MD: 24-Month Term
You may already be aware that certificates of deposit generally pay out higher interest rates than traditional savings accounts, but did you know that the longer the CD, the higher the rate? Financial institutions like customers to keep their money on deposit for as long as possible, so they’ll reward long-term account holders with better interest rates. That means if you’re looking for the best Ocean City CD rates, 24-month (2-year) CD accounts are sure to offer the highest rates.
Today’s 2-Year CD Rates in Ocean City
To get a better idea of what currently available, here’s a look at the highest, lowest and average 24-month CD rates in Ocean City right now:
Number of Accounts Available: 6
Highest Rate: 1.66% APY
Lowest Rate: 0.76% APY
Average Rate: 1.15% APY
Local Banks and Credit Unions with the Best 24-Month CD Rates
The following are the local Ocean City financial institutions that are currently offering the highest 24-month CD interest rates:
- 1st Bank of Sea Isle City: 1.66%
- Community Bank Delaware: 1.5%
- Cape Bank: 1.3%
- The First National Bank of Wyoming: 0.9%
- County Bank: 0.8%
These rates are accurate as of 5/13/11 but are subject to change at any time. To view current 24-month CD rates, visit our Ocean City 2-Year CD Rates page.
