Burke & Herbert Bank & Trust Company CD rates
Burke & Herbert Bank & Trust Company advertises 4.11% APY on its 23-month CD. That is 2.56 percentage points above the national 24-month CD average of 1.55% (FDIC, Oct 2026).
Burke & Herbert Bank & Trust Company at a glance
| CDs | |
|---|---|
| Top CD APY | 4.11% · 23 months · 23-Month Online CD |
| Minimum to open | $5,000 · 23 months CD |
| FDIC certificate | 11578 · Alexandria, VA |
|---|---|
| Website | www.burkeandherbertbank.com |
| Branches | 106 branches across 6 states |
Burke & Herbert Bank & Trust Company CD rates
Rates are APY. The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.20% or more. See the highest savings rates.
Burke & Herbert Bank & Trust Company CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 10 months | 3.75% | $5,000 | 10-Month Online CD |
| 17 months | 4.00% | $5,000 | 17-Month Online CD |
| 23 months | 4.11% | $5,000 | 23-Month Online CD |
What Burke & Herbert Bank & Trust Company pays on deposits
FDIC call report data
This section shows how the bank has priced the savings and money market deposits it already holds, over time. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
In Q2 2026, Burke & Herbert Bank & Trust Company paid a higher average rate on savings and money market deposits than 73% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Burke & Herbert Bank & Trust Company, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| 10-Month Online CD | 10 months | 3.75% | $5,000 | not stated | not stated |
| 17-Month Online CD | 17 months | 4.00% | $5,000 | not stated | not stated |
| 23-Month Online CD | 23 months | 4.11% | $5,000 | not stated | not stated |
How Burke & Herbert Bank & Trust Company behaves over time
- Rate last changed
- Oct 18, 2026(effective date)
$10,000 at the 4.11% APY Burke & Herbert Bank & Trust Company advertises on 23-Month Online CD grows to $10,411 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $10,036 does today. See how the federal funds rate shapes savings rates.
Burke & Herbert Bank & Trust Company CD rates over time
Who is Burke & Herbert Bank & Trust Company?
| Headquarters | Alexandria, VA |
|---|---|
| Founded | 1852 |
| Scale | $11.0B assets · $9.0B deposits, $6.9B of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 11578 |
| Charter state | Virginia · one of 56 insured banks chartered there (Q2 2026, FDIC) |
| Size | 148th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
Financial detail is in What Burke & Herbert Bank & Trust Company pays on deposits above.
Common questions about Burke & Herbert Bank & Trust Company
Is Burke & Herbert Bank & Trust Company FDIC insured?
Yes. Burke & Herbert Bank & Trust Company is FDIC insured under certificate 11578, so deposits are covered up to $250,000 per depositor, per ownership category.
Does Burke & Herbert Bank & Trust Company have branches?
Yes. Burke & Herbert Bank & Trust Company operates 106 branches according to FDIC branch records, in addition to its website and mobile apps.
Similar banks and related pages
Other banks chartered in Virginia, nearest to Burke & Herbert Bank & Trust Company in deposits:
Rate hubs: today's highest savings rates, and CD rates by term.
State pages: CD rates in Virginia, banks in Virginia, CD rates in Delaware, and banks in Delaware.