The Bank of Glen Burnie CD and money market rates
The Bank of Glen Burnie advertises 0.05% APY on its Money Market Savings account. That is 0.32 percentage points below the national savings average of 0.37% (FDIC, Sep 2026).
The Bank of Glen Burnie at a glance
| Savings | |
|---|---|
| Top savings APY | 0.05% · Money Market Savings |
| Minimum to open | $2,500 · Money Market Savings |
| Against the national average | 0.32 percentage points below the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 4.00% · 10 months · 10 Month Special CD |
| Minimum to open | $500 · 10 months CD |
| Money market | |
| Top money market APY | 0.05% · Money Market Savings |
| Minimum to open | $2,500 · Money Market Savings |
| Against the national average | 0.58 percentage points below the 0.63% FDIC money market average (Sep 2026) |
| FDIC certificate | 16820 · Glen Burnie, MD |
|---|---|
| Website | www.thebankofglenburnie.com |
| Branches | 6 branches in MD |
| Availability | Available in MD |
The Bank of Glen Burnie CD and money market rates
Personal
IRA
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 527 money market accounts from 470 banks in the Banksparency money market index, the median advertised rate is 1.02%, and one account in ten advertises 3.04% or more. See the highest savings rates.
The Bank of Glen Burnie CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 1 months | 0.05% | $500 | CD 30 Day |
| 3 months | 0.25% | $500 | 3 Month CD |
| 6 months | 3.65% | $500 | 6 Month CD |
| 10 months | 4.00% | $500 | 10 Month Special CD |
| 11 months | 3.00% | $500 | 11 Month Flex Standard CD |
| 11 months | 4.00% | $25,000 | 11 Month Flex Premier CD |
| 12 months | 2.53% | $500 | 12 Month CD |
| 18 months | 2.53% | $500 | 18 Month CD |
| 24 months | 1.00% | $500 | 24 Month CD |
| 36 months | 1.26% | $500 | 36 Month CD |
| 48 months | 1.51% | $500 | 48 Month CD |
| 60 months | 1.76% | $500 | 60 Month CD |
| IRA CDs | |||
| 12 months | 2.53% | $250 | 12 Month IRA CD |
| 18 months | 2.53% | $250 | 18 Month IRA CD |
| 24 months | 1.00% | $250 | 24 Month IRA CD |
| 36 months | 1.26% | $250 | 36 Month IRA CD |
| 48 months | 1.51% | $250 | 48 Month IRA CD |
| 60 months | 1.76% | $250 | 60 Month IRA CD |
What The Bank of Glen Burnie pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. 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.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, The Bank of Glen Burnie paid a higher average rate on savings and money market deposits than 77% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- The Bank of Glen Burnie, 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 advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
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?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Money Market Savings | 0.05% | $2,500 | $0 | None | not stated | not stated | One rate |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| CD 30 Day | 1 months | 0.05% | $500 | not stated | not stated |
| 3 Month CD | 3 months | 0.25% | $500 | not stated | not stated |
| 6 Month CD | 6 months | 3.65% | $500 | not stated | not stated |
| 10 Month Special CD | 10 months | 4.00% | $500 | not stated | not stated |
| 11 Month Flex Standard CD | 11 months | 3.00% | $500 | not stated | not stated |
| 11 Month Flex Premier CD | 11 months | 4.00% | $25,000 | not stated | not stated |
| 12 Month CD | 12 months | 2.53% | $500 | not stated | not stated |
| 18 Month CD | 18 months | 2.53% | $500 | not stated | not stated |
| 24 Month CD | 24 months | 1.00% | $500 | not stated | not stated |
| 36 Month CD | 36 months | 1.26% | $500 | not stated | not stated |
| 48 Month CD | 48 months | 1.51% | $500 | not stated | not stated |
| 60 Month CD | 60 months | 1.76% | $500 | not stated | not stated |
| IRA CDs | |||||
| 12 Month IRA CD | 12 months | 2.53% | $250 | not stated | not stated |
| 18 Month IRA CD | 18 months | 2.53% | $250 | not stated | not stated |
| 24 Month IRA CD | 24 months | 1.00% | $250 | not stated | not stated |
| 36 Month IRA CD | 36 months | 1.26% | $250 | not stated | not stated |
| 48 Month IRA CD | 48 months | 1.51% | $250 | not stated | not stated |
| 60 Month IRA CD | 60 months | 1.76% | $250 | not stated | not stated |
Fine print for 2 CDs above: One penalty-free withdrawal is allowed during the term. A withdrawal that takes the balance below the minimum opening deposit closes the CD with a penalty. Additional deposits of $100 or more can be made at any time during the term.
Opening and using the account
| Availability | Available in MD |
|---|---|
| Footprint | 6 branches in MD |
| Eligibility | not stated |
How The Bank of Glen Burnie behaves over time
- Money Market Savings
- The same as 30 days ago.
- 10 months CD
- The same as 30 days ago.
- Rate last changed
- Oct 7, 2026(effective date)
$10,000 at the 0.05% APY The Bank of Glen Burnie advertises on Money Market Savings grows to $10,005 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,676 does today. See how the federal funds rate shapes savings rates.
The Bank of Glen Burnie CD rates over time
Who is The Bank of Glen Burnie?
| Headquarters | Glen Burnie, MD |
|---|---|
| Founded | 1949 |
| Scale | $395M assets · $357M deposits, $252M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 16820 |
| Charter state | Maryland · one of 27 insured banks chartered there (Q2 2026, FDIC) |
| Size | 1,990th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 86% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What The Bank of Glen Burnie pays on deposits above.
Common questions about The Bank of Glen Burnie
Is The Bank of Glen Burnie FDIC insured?
Yes. The Bank of Glen Burnie is FDIC insured under certificate 16820, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at The Bank of Glen Burnie?
The Bank of Glen Burnie requires a minimum deposit of $2,500 to open its Money Market Savings account, as observed on Oct 7, 2026. Check the bank's current terms before you open an account.
Does The Bank of Glen Burnie have branches?
Yes. The Bank of Glen Burnie operates 6 branches according to FDIC branch records, in addition to its website and mobile apps.
The Bank of Glen Burnie against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| The Bank of Glen Burnie | 0.05% | 2.21% | $2,500 | 6 branches in MD |
| 1st Community Bank | 0.05% | 0.45% | not stated | 2 branches in IL |
| Arrow Bank National Association | 0.05% | 2.21% | $500 | 56 branches in NY |
| Bank of Franklin County | 0.05% | 0.50% | $25 | 6 branches in MO |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to The Bank of Glen Burnie's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Maryland, nearest to The Bank of Glen Burnie in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.