Interest Rates
Harford Bank’s Weekly Consumer Deposit Interest Rates
Effective Friday 9/8/2023
Interest Rates Reviewed Weekly
| Account |
Interest Rate% |
APY%* |
| Savings (Minimum balance to open $100) |
|
|
| Regular Statement Savings |
.25 |
.25 |
| Community Money Market Account (Minimum balance to open $100) |
|
|
| Tier I ($1 to $9,999) |
.200 |
.20 |
| Tier 2 ($10,000 to $24,999) |
.250 |
.25 |
| Tier 3 ($25,000 to $49,999) |
.350 |
.35 |
| Tier 4 ($50,000 to $99,999) |
.500 |
.50 |
| Tier 5 ($100,000 to $249,999) |
.800 |
.80 |
| Tier 6 ($250,000 to $499,999) |
.995 |
1.00 |
| Tier 7 ($500,000 to $999,999) |
1.190 |
1.20 |
| Tier 8 ($1,000,000 to $4,999,999) |
1.985 |
2.00 |
| Tier 9 ($5,000,000 +) |
4.170 |
4.25 |
clearer
| Account |
Interest Rate% |
APY%* |
| Community Checking |
| Premier (Minimum balance to open $100) |
.02 |
.02 |
| Premier Plus |
.05 |
.05 |
clearer
| Account |
Interest Rate% |
APY%* |
Certificates (Minimum Deposit $1,000)
CD, Traditional IRA, Roth IRA, or Coverdell Educational Savings Account (Minimum Deposit $250) |
| 31 day (Not an IRA) |
.20 |
.20 |
| 91 day (Not an IRA) |
.95 |
.95 |
| 6 Month** (New Money Only) |
5.105 |
5.20 |
| 9 Month |
4.185 |
4.25 |
| 12 Month |
3.02 |
3.05 |
| 13 Month |
4.890 |
5.00 |
| 15 Month |
2.72 |
2.75 |
| 18 Month |
3.02 |
3.05 |
| 21 Month*** Penalty Free (New Money Only, $5,000 minimum deposit) (Not an IRA) |
3.945 |
4.00 |
| 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 (Not an IRA) |
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 6-month promotional Annual Percentage Yield (APY) of 5.20% is effective as of 9/8/2023 and is only available for funds not currently on deposit with Harford Bank. Minimum deposit of $1,000 required to obtain the stated APY. Account must be opened in a Harford Bank branch. 6-month CDs opened with money already on deposit with Harford Bank will earn a rate of 3.41% with an APY of 3.45%.
*** Requires a Harford Bank checking 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 during the term.