Congressional Bank High Yielding CDs – 1 Year CD Rates at 1.20%
Congressional Bank is currently offering two high yielding certificates of deposit that are at the top of the CD rates list. First let me share a little background information on Congressional Bank. The bank is headquartered in Bethesda, Maryland and has branch locations in Washington, D.C., Herndon, Potomac, and Rockville.
As with any bank these days, you don't have to live near a branch to use the bank. Congressional Bank uses Commercial Capture Xpress, Anywhere ATM, and online banking which allows you access to the bank's services and your money. Congressional Bank has it's deposit insured by the FDIC (Cert #57614) for up to the maximum amount allowed by law.
Congressional Bank CD rates on 1 year certificates of deposit are currently at 1.194 percent with an APY of 1.20 percent. The bank's 1 year CD rate is tied with two other banks for the top rate on our list. CIT Bank and Synchrony Bank are also offering 1.20 percent APY on 1 year CDs.
The bank's 2 year CD rate is also currently tied with CIT Bank and Synchrony Bank for the best rate on our list. The bank's current 2 year rate is 1.344 percent with an APY of 1.35 percent. The minimum opening deposit for both CDs at Congressional Bank is $25,000.
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