Bay Bank, Maryland, is offering 1.26% APY on CDs for the 24 month term. With a $1,000 minimum deposit, Bay Bank pays 1.51% APY on the 36-month CDs and 2.02% APY on the 60-month Cds.
The 60-month CD is the best of the lot. It beats the best available 5-year CD rates, nationally. However, the three-year CD is approximately a one-tenth of a percentage point higher than the term leader. The two-year CD is only hundredth of a percentage point better.
