CD / IRA Products
For more control, flexibility and highly competitive yields, make your financial planning easier with a 1st Mariner Bank CD, or Certificate of Deposit. At 1st Mariner Bank, we offer you a wide variety of CD, IRA-qualified CD, and interest payment options to meet your needs. In addition, we provide the quality and personalized service you expect from your hometown bank. The choice of CDs available to you at 1st Mariner Bank gives you more control over your investments than ever before. All 1st Mariner Bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC).
To learn more, stop by your branch and talk with one of our representatives or open your CD online today. You can also access the latest rates and obtain more information on IRAs on our website 24/7. Please note: CDs and CD / IRAs are not available to residents of NY, NV, or OR.
Fixed Rate CD
For a short-term investment with a lower deposit requirement, 1st Mariner Bank offers an IRA-qualified Fixed Rate CD with terms that range from six months to five years.
Looking for a Fixed Rate CD and a Checking Account?
Open up a 10-Month CD with a qualified checking account and get a special interest rate on your CD*.
Flex & Premium Flex CDs
Our Flex CD and Premium Flex CD give you maximum flexibility in today’s volatile investment market with the option to make one penalty-free withdrawal during the term of these IRA-qualified CDs.**
18-Month Variable Rate CD (IRAs Only)
If you’re investing for retirement, then you’re looking for security. There’s no need to look further than 1st Mariner Bank’s 18-Month Variable Rate CD, an IRA-qualified account.
Key Features of Our CD & IRA-qualified CD Products
The following offers a few of the advantages of a 1st Mariner Bank CD.
Rates are reviewed and set weekly.
Rates on special products are developed to compete in the current market.
Interest Payment Options:
We offer three interest payment options to meet your needs:
Reinvest the interest in your CD to obtain the Annual Percentage Yield.
Transfer the interest monthly into your checking or savings account.
Receive the interest monthly by check.
You will receive a maturity notice prior to the maturity date of your certificate.
If the type of certificate is still offered, your account will automatically renew for the same term and at the rate offered at renewal.
You will have a grace period of ten calendar days from your maturity date to make any changes.
Penalty for Early Withdrawals:
If your certificate is one year or less, the penalty is 90 days of interest.
If your certificate is greater than one year, the penalty is 180 days of interest.
Call 410-558-4200, click to chat online or stop by a branch near you to learn more about CD and IRA-qualified CD savings opportunities.
See our Account Disclosures or Schedule of Charges for details.
* Qualified checking account means any 1st Mariner Bank checking account with a direct deposit at lease once every 90 days. If checking account stops receiving a direct deposit or if checking account closes, rate may be reduced to current rate.
** One withdrawal is permitted during the term without a penalty with one exception. We cannot waive the penalty for withdrawals made up to six days from the date of deposit, the penalty for which is seven days' interest. Early withdrawal penalties apply for subsequent withdrawals. The penalty for these early withdrawals is 90 days' interest for CD terms of one year or less and 180 days' interest for CD terms of greater than one year. Early withdrawal penalties can also reduce the initial principal invested.