Rates

Queenstown Bank offers competitive rates on all of our deposit products to better serve you.  If you have any questions feel free to contact us for more information.

 

Certificates of Deposit

 Certificate Type

Minimum Deposit

Interest Rate

APY***

3 Month Certificate *

$500.00

0.15%

0.15%

6 Month Certificate *

$500.00

0.25%

0.25%

12 Month Certificate*

$500.00

0.40%

0.40%

15 Month Certificate*

$500.00

1.25%

1.25%

18 Month Certificate*

$500.00

0.50%

0.50%

24 Month Certificate*

$500.00

2.04%

2.05%

30 Month RAD ** Certificate * (1 Bump)

$500.00

1.25%

1.25%

48 Month Certificate*
(For Balances up to $99,999.99)

$500.00

1.55%

1.56%

 48 Month Certificate*
(For Balances over $100,000.00)

$500.00

1.70%

1.71%

3 Year RAD ** Certificate * (1 Bump)

$500.00

0.60%

0.60%

4 Year RAD ** Certificate * (1 Bump)

$500.00

0.70%

0.70%

5 Year RAD ** Certificate * (1 Bump)
(For Balances up to $99,999.99)

$500.00

0.90%

0.90%

 5 Year RAD ** Certificate * (1 Bump)
(For Balances over $100,000.00)

$500.00

1.05%

1.05%

Click here to view all of our deposit rates.

* The daily balance method is used to calculate the interest on these accounts. 

** On RAD (Rate Adjustable Deposit) Certificates, the interest rate and annual percentage yield may change after account opening. The rate may be adjusted as indicated. The rate may only be changed by the customer in writing.

*** Annual percentage yield on compounded certificates assumes that the interest will remain in certificate for the full term. You may have your interest paid to you periodically if you prefer, but the annual percentage yield will change. Interest can be paid to you periodically by either sending you a check or by crediting another account you have with us.

15 and 18 Month CD - after the first 7 days following account opening, one withdrawal of either all or part of the account will be allowed with no penalty. After this one withdrawal, normal penalties will be assessed for any additional withdrawals prior to account maturity.

Rates Applicable for Maryland Residents only. For out of state rates please call our main office at 410-827-8881.

A substantial early withdrawal penalty may be imposed on all time accounts if closed prior to maturity. On the 30 Month RAD CD and 48 Month CD's, a 9 month/270 day interest penalty will always be charged if the account is closed prior to maturity.

Fees or penalties could reduce earnings on accounts.

Individual Retirement Account

Click here to view all of our deposit rates.

All of the certificates above are available to our IRA customers. The IRA certificates will bear the same rates as provided above. To determine the annual percentage yield (APY) on our IRA Certificates, please refer to the column above titled APY. In addition to the certificates of deposit, IRA customers may also establish an IRA Savings Account. The required minimum balance on this account is only $20.00. The current rate on our IRA Savings Account is 0.55% and the Annual Percentage Yield is 0.55%. All of our IRA Accounts are subject to the rules and regulation covering IRA Accounts as set by the Internal Revenue Service.

A substantial early withdrawal penalty may be imposed on all time accounts if closed prior to maturity.

Rates Applicable for Maryland Residents only. For out of state rates please call our main office at 410-827-8881

Savings and Checking Accounts

 Account Type

Minimum Deposit

Interest Rate

APY

Regular Savings*

$20.00

0.10%

0.10%

Savings Club^

$10.00

0.50%

0.50%

Money Market Savings*
(For Balances up to $49,999.99)

$2,500.00

0.10%

0.10%

Money Market Savings*
(For Balances over $50,000)

$2,500.00

0.25%

0.25%

IRA Savings Account*

$20.00

0.55%

0.55%

NOW Checking*

$1,000.00

0.10%

0.10%

Super NOW Checking*

$2,500.00

0.10%

0.10%

Click here to view all of our deposit rates.

*The daily balance method is used to calculate the interest on these accounts.

^Early withdrawal penalty and loss of accrued interest will be imposed if account is closed prior to maturity. Maximum of $500.00 deposit per business day. Annual quoted rate will remain in effect through maturity.

The interest rate and annual percentage yield may change after opening.

Rates Applicable for Maryland Residents only. For out of state rates please call our main office at 410-827-8881.

Fees or penalties could reduce earnings on accounts.

 

How Can We Help Toolbar Button
Easton, Maryland
72° F
22° C
Partly cloudy
S at 7 mph
0.7 mm
88%
16 km
1017 mmHg
50%
Thursday
82°
28°
62°
17°
Moderate or heavy rain shower
SSW at 13 mph
Friday
75°
24°
64°
18°
Moderate or heavy rain shower
SW at 13 mph
Saturday
76°
24°
58°
14°
Partly cloudy
SE at 9 mph
Sunday
86°
30°
68°
20°
Patchy rain possible
SW at 9 mph
Monday
84°
29°
70°
21°
Moderate or heavy rain shower
WSW at 6 mph
Change Location

Market Watch