CDs & IRAs

Building for the future is always a smart move

Save for life's necessities. Or for something special. Or chart a course for your golden years. Learn more about The Bank of Delmarva’s CDs & IRAs below, or scroll down to view our current rates.
A Certificate of Deposit is a secure, higher-earnings savings tool that typically earns more than a traditional savings account.

Learn More About CDs

  • Set a saving schedule that works with your future plans
  • Choose CDs ranging from 91 days to 60 months
  • Minimum deposit to open most CD accounts is $500
  • Minimum opening balance for 91-day CD is $1,000
  • Minimum opening balance for 6-month CD and some special CDs is $2,500
  • Typically, longer-term CDs feature higher earning rates
  • All CD deposits insured by the FDIC

    (Some interest penalties may apply for early withdrawal of funds)
Individual Retirements Accounts with The Bank of Delmarva are invested in Certificate of Deposit (CD) accounts. Opening an Individual Retirement Account CD is a smart way to securely diversify your retirement portfolio. Individual Retirement Accounts are separately insured by the FDIC.

Learn More About IRAs

  • Choose IRA terms ranging from 12 months to 60 months
  • Minimum deposit to open IRA CDs is $500
  • Minimum deposit to open IRA CD Specials is $2,500
  • Traditional, Roth, Inherited and Simplified Employer Plan IRAs available
  • Some tax advantages may apply. Consult your financial advisor for more details.
  • Individual Retirement Account (IRA) Certificate of Deposits are insured separately by the FDIC up to $250,000.00.








Account Type Minimum Deposit to Open Account Minimum Balance to Obtain APY Interest Rate Annual Percentage Yield
91 Day CD $1,000 $1,000 0.150% 0.15%
6 Month CD $2,500 $2,500 0.400% 0.40%
12 Month CD*/IRA* $500 $500 0.900% 0.90%
13 Month CD/IRA SPECIAL $2,500 $2,500 3.950% 4.01%
15 Month CD/IRA SPECIAL $2,500 $2,500 2.600% 2.63%
18 Month CD*/IRA* $500 $500 1.750% 1.76%
24 Month CD*/IRA* $500 $500 0.900% 0.90%
36 Month CD*/IRA* $500 $500 0.700% 0.70%
48 Month CD*/IRA* $500 $500 0.750% 0.75%
60 Month CD*/IRA* $500 $500 0.750% 0.75%
 
Visit one of our branches, or call us at (410) 548-7892.
 
To obtain most current information please contact customer service 410-548-7892.

Interest Rates and Annual Percentage Yield (APY) Effective as of May 23, 2023.
Interest Rates are subject to change without notice.
Interest is compounded Quarterly on most Certificates of Deposit.
Fees may reduce earnings on account.
Federal Regulation Requires substantial penalty for early withdrawal of Certificates of Deposit.

*These CDs have an Interest Rate Grabber option. The Interest Rate Grabber option allows customers to exchange their interest rate one (1) time during each CD term. The new interest rate will be the interest rate we are then offering on any other time account with a term equal to the original term of the CD. There is no cost to do the exchange. If an exchange is made, the maturity date of the account will remain the same as originally scheduled. This option may be exercised once during each term. In order to exercise the option the customer must contact the institution (either in person or by telephone) and request a rate change due to the exchange rate plan option. The new interest rate will be effective the next business day after the business day of notification. If an exception rate has been granted upon the initial deposit of a new CD or at the date of renewal of an existing CD, the Interest Rate Grabber option is not available until the next renewal date. If at the time of renewal no exception rate is given , the Interest Rate Grabber option will be available one (1) time for that CD term. Exception rate is defined as a rate to be paid that is higher than the stated interest rate.

13 MONTH CD SPECIAL - At maturity, CD will automatically renew at 12 month term and rate. Minimum balance required to open account $2,500. $2,500 minimum daily balance required to receive annual percentage yield. Penalty may be imposed for early withdrawal. Fees may reduce earnings on account.
 
15 MONTH CD SPECIAL - At maturity, CD will automatically renew at 12 month term and rate. Minimum balance required to open account $2,500. $2,500 minimum daily balance required to receive annual percentage yield. Penalty may be imposed for early withdrawal. Fees may reduce earnings on account.
The Bank of Delmarva is a full-service community bank with locations in Maryland and Delaware. Liberty Bell Bank, a division of The Bank of Delmarva, also operates three branches in southern New Jersey.
These CD/IRA products are solely available to customers of The Bank of Delmarva; and must be opened at a branch location in Maryland or Delaware of The Bank of Delmarva.