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Interest Rates

Harford Bank's Weekly Commercial Deposit Interest Rates

Effective 3/21/2024
Interest Rates Reviewed Weekly

Account Interest Rate% APY%*
Savings    
Commercial Statement Savings .06 .06
Commercial Money Market    
Tier 1 ($1 to $9,999) .200 .20
Tier 2 ($10,000 to $24,999) .250 .25
Tier 3 ($25,000 to $49,999) .400 .40
Tier 4 ($50,000 to $99,999) .750 .75
Tier 5 ($100,000 to $249,999) .995 1.00
Tier 6 ($250,000 to $499,999) 1.240 1.25
Tier 7 ($500,000 to $999,999) 1.290 1.30
Tier 8 ($1,000,000 to $4,999,999) 1.985 2.00
Tier 9 ($5,000,000 +) 4.170 4.25
     
   

 

Account Interest Rate% APY%*
Premium Commercial Checking
Under  —  35,000 .00 .00
35,001  —  50,000 .05 .05
50,001  —  100,000 .08 .08
100,001  —  Over .12 .12
Account Interest Rate% APY%*
Select Checking (Sole Proprietors and Non Profit Organizations Only)
  .02 .02
Business Trust Accounts
IOLTA (Checking Account) .12 .12
MAHT  (Checking Account) .12 .12
Account Interest Rate% APY%*
Certificates of Deposit (Minimum Deposit $1,000)
31 Day .20 .20
91 Day .95 .95
6 Month 4.765 4.85
9 Month 4.185 4.25
12 Month 3.945 4.00
13 Month 5.225* 5.35%*
15 Month 2.72 2.75
18 Month 3.02 3.05
21 Month***
(New Money Only, $5,000 minimum deposit)
3.700 3.75
23 Month (Step-Up) 2.72 2.75
24 Month 2.97 3.00
30 Month 2.475 2.50
36 Month 2.575 2.60
42 Month 2.72 2.75
48 Month (Step-Up) 2.72 2.75
60 Month 2.82 2.85

* The Interest Rates and Annual Percentage Yields ("APY") are accurate and effective as of the date(s) shown at the top of this page. Except for Certificates of Deposit (excluding the 23 and 48 month Step-Up), the accounts above are variable rate accounts and, at the Bank's discretion, rates and yields are subject to change without notice after the account is opened. Fees may reduce earnings on the account. For Certificate of Deposit, a penalty may be imposed for early withdrawal. Step-up CD customers have the option of changing the interest rate one time during each term. The new interest rate paid will be the rate in effect at Harford Bank for Step-up CD accounts on the date the customer exercises the option. If Harford Bank no longer offers Step-up CD accounts, the new interest rate will be the interest rate offered for comparable regular certificates of deposit. See Harford Bank's Consumer Deposit Agreement and Schedule of Current Fees for any terms, conditions, and fees associated with the accounts listed above.

** The 5.35% APY promotional rate is only available for funds not already on deposit with Harford Bank. 13 Month CDs opened with money already on deposit with Harford Bank will earn a rate of 4.985% with an APY of 5.10%

*** New money only. Requires a Harford Bank checkkng account. Funds may be withdrawn prior to maturity without paying an early withdrawal penalty but only when a minimum balance of $5,000 remains invested in the CD. One (1) penalty free withdrawal is permitted during the term of the certificate. A withdrawal may not take place until seven (7) days from the date of the initial deposit. Additional deposits may be made to the account durint the term.

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