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 Bank

Regular CD Rates and APY

• 3 Month Rate 0.25% APY 0.25%


• 6 Month Rate 0.50% APY 0.50%


• 9 Month Rate 0.60% APY 0.60%


• 12 Month Rate 0.75% APY 0.75%


• 18 Month Rate 0.85% APY 0.85%


• 24 Month Rate 1.25% APY 1.26%


• 36 Month Rate 1.50% APY 1.51%


• 48 Month Rate 1.75% APY 1.76%


• 60 Month Rate 2.00% APY 2.02%

Premier CD Rates an APY

• 3 Month Rate 0.30% APY 0.30%


• 6 Month Rate 0.55% APY 0.55%


• 9 Month Rate 0.65% APY 0.65%


• 12 Month Rate 0.75% APY 0.75%

Advantage 1 Premier CD Rates an APY

• 9 Month Rate 0.60% APY 0.60%


• 18 Month Rate 0.85% APY 0.85%


• 24 Month Rate 1.15% APY 1.16%


• 36 Month Rate 1.40% APY 1.41%


• 48 Month Rate 1.65% APY 1.66%


• 60 Month Rate 1.90% APY 1.91%

Bay Bank’s Advantage 1 Certificate of Deposit offers preferred CD rates and a one-time CD interest rate increase option for deposits of $10,000 or more with a maturity of at least 18 months.

As with any certificate of deposit account there are early withdrawal penalties. Bay Bank's early CD withdrawal penalties are standard, three-month interest penalty for 3 – 6 month CDs; a six month interest penalty may be imposed upon withdrawal of principal on 12 – 60 month CDs.

For a current CD rates list you can visit the bank's website at baybankmd.com