We are committed to consistently offering some of the most competitive CD and Money Market Rates in the nation. Grow your money with CFG when you choose one of our favorable savings options. With some of the most competitive rates in the country, we’re here to help you succeed.
Rates are accurate as of 09/23/2022.
12-Month Term Certificate Of Deposit
APY-Annual Percentage Yield
Money Manager Plus Account
|Account||Minimum Deposit to Open||Minimum Daily Balance to Obtain Annual Percentage Yield (APY)||Details||Interest Rate||APY|
|Money Manager Plus||$1,000||$1,000||May add deposits at anytime, check writing allowed, and ATM/Debit card issued upon request.||2.22%||2.25%|
|ICS Money Market||$250,000||$250,000||May add deposits at anytime, check writing allowed, and ATM/Debit card issued upon request.||1.83%||1.85%|
|12 Month CD Online and in Branch||$500||$500||No additional deposits after initial deposit.||3.15%||3.20%|
|18 Month CD Online and in Branch||$500||$500||No additional deposits after initial deposit||3.30%||3.35%|
|36 Month CD Online and In Branch||$500||$500||No additional deposits after initial deposit||3.44%||3.50%|
|60 Month CD Online and in Branch||$500||$500||No additional deposits after initial deposit||3.54%||3.60%|
|Business Interest Checking||$1,500||$1,500||$1,500 minimum balance to avoid $10 fee. $0.25 fee per transaction in excess of $1,000. Interest credited monthly – interest will not be earned if daily balance falls below $1,500||0.25%||0.25%|
|MAHT – Maryland Affordable||$100||$100||1.34%||1.35%|
|IOLTA – Attorney Escrow||$100||$100||Recognized as an Honor Roll Bank by Maryland Legal Services Corp||1.34%||1.35%|
CFG Bank reserves the right to decline a request for a deposit account or for a deposit. Additional disclosures by account type below.
Annual Percentage Yield (APY)
Annual Percentage Yield (APY) assumes interest remains on deposit. Withdrawal of interest will reduce earnings. Fees could reduce the earnings on the account.
Money Market accounts
The deposit agreement may impose limits on the number of certain types of withdrawals and transfers you can make each month from your Money Market account. You may make no more than a total of six (6) automatic or preauthorized transfers, telephone transfers, Online Banking transfers, or payments from your account each month, including payments by checks, drafts, and debit cards to third parties. You can, however, make unlimited withdrawals in person at the bank, at an ATM or by mail. Violations of these transaction limits may subject the account to closure. See fee schedule for excessive transaction fee and other fees that may apply to your account.
*Online High Yield Money Market accounts (No Check Writing Priveleges)
Once funding occurs the daily external transfer limit for the CFG High Yield Money Market Account is $5,000. Your external transfers may not exceed $30,000 in a 30-day rolling period.
For Certificates of Deposit
No additional deposits are permitted after initial deposit. The minimum balance for all CDs is $500, and the maximum deposit is $250,000. Fees could reduce the earnings on the account. These accounts are subject to an early withdrawal penalty. All accounts are subject to a 7-day interest penalty if withdrawal occurs within 6 days of account opening.