Bay Bank CD Rates: Best 5 Year CD Rate at 2.00 Percent
There are very few banks these days that have 5 year CD rates at 2.00 percent or above. Bay Bank Federal Savings Bank, is one bank that is current offering one of the best CD rates available on a 5 year certificate of deposit. The current 5 year bank CD rate is at 2.00 percent with an APY of 2.02 percent. The 5 year interest rate is one of the highest CD rates available today.Chances are you haven't heard of Bay Bank since the bank is small. The bank is headquartered in Lutherville, Maryland. The bank's FDIC cert number is 59004 and deposits at the bank have been insured since July 2010. Bay Bank has several different types of certificates of deposit, all with very competitive CD interest rates and better than most CD rates at banks. The types of CD accounts include regular certificates of deposit, Premier CD accounts and Advantage 1 Premier CD accounts.
Regular certificate of deposit accounts have a minimum opening deposit of $1,000. The other two types of certificates of deposit, Premier CD accounts and Advantage 1 Premier CD accounts have a minimum opening deposit of $10,000.
CD Rates at Bay BankRegular CD Rates and APY
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