Rosedale Bank offers a variety of checking and savings accounts.
The table below is designed to help you compare deposit account types and give you the information you need, including applicable interest rates, to decide what works best for you.
All interests rates and APYs are accurate as of [current-date]
Everyday Interest Checking
| Account | Minimum Deposit to Open | Minimum Balance to Obtain Annual Percentage Yield | Interest Rate | APY |
|---|---|---|---|---|
| At least $100 but less than $2,500 | $250 | $100 | 0.050% | 0.05% |
| At least $2,500 but less than $10,000 | $250 | $2,500 | 0.050% | 0.05% |
| $10,000 or more | $250 | $10,000 | 0.050% | 0.05% |
Everyday Savings
| Account | Minimum Deposit to Open | Minimum Balance to Obtain Annual Percentage Yield | Interest Rate | APY |
|---|---|---|---|---|
| Everyday Savings | $10 | $100 | 0.250% | 0.25% |
Christmas Club
| Account | Minimum Deposit to Open | Minimum Balance to Obtain Annual Percentage Yield | Interest Rate | APY |
|---|---|---|---|---|
| Christmas Club | $1 | $1 | 0.200% | 0.20% |
Money Market
| Account | Minimum Deposit to Open | Minimum Balance to Obtain Annual Percentage Yield | Interest Rate | APY |
|---|---|---|---|---|
| At least $2,500 but less than $10,000 | $2,500 | $2,500 | 0.250% | 0.25% |
| At least $10,000 but less than $25,000 | $2,500 | $10,000 | 0.250% | 0.25% |
| At least $25,000 but less than $50,000 | $2,500 | $25,000 | 0.399% | 0.40% |
| At least $50,000 but less than $100,000 | $2,500 | $50,000 | 0.449% | 0.45% |
| At least $100,000 but less than $250,000 | $2,500 | $100,000 | 0.747% | 0.75% |
| At least $250,000 but less than $500,000 | $2,500 | $250,000 | 0.995% | 1.00% |
| At least $500,000 but less than $1,000,000 | $2,500 | $500,000 | 2.078% | 2.10% |
| At least $1,000,000 but less than $1,500,00 | $2,500 | $1,000,000 | 3.053% | 3.10% |
| $1,500,000 or more | $2,500 | $1,500,000 | 4.018% | 4.10% |
Annual Percentage Yield assumes interest remains on deposit. Withdrawal of interest will reduce earnings. Fees could reduce the earnings on the account.
Christmas Clubs are fixed rate accounts. You will be paid this rate until maturity. After the account is opened, you may make deposits into the account until the maturity date. Partial withdrawals are not permitted. You may close the account in full prior to maturity without penalty. This account will not automatically renew.
TRANSACTION LIMITATIONS. We limit the number of transfers or withdrawals you can make on a savings account. You understand that we will not allow more transfers or withdrawals than the maximum number specified in the Disclosures, and we may close your account, take away your ability to transfer funds, charge you a fee, or convert the account to a checking or other transaction account if the restriction is violated.
WITHDRAWAL NOTICE REQUIREMENTS. We have the right to require seven days prior written notice from you of your intent to withdraw any funds from your Savings or Money Market account.
Rosedale Bank offers deposit accounts to residents in the Maryland communities that our branches serve.
Rosedale Bank reserves the right to decline a request for a deposit account or for a deposit.