1.36% APY high yield savings account with Hopkins Federal Savings Bank
Hopkins Federal Savings Bank offers competitive interest rates for their savings account offering called Max Passbook. As of December 6, the current interest rate posted on the website is 1.36% APY. This savings account requires an initial deposit of $1000 to open an account. You also need to maintain this balance in order to enjoy the best interest rates.
The earnings of this high interest savings account is compounded on a daily basis and credited to your account on every quarter. Take note that in the event that you decide to close the savings account prior to the posting of the interest rate, you will not be receiving the accrued earnings.
You need to go to one of their branches to open an account. Bring some valid identification with you so the process will go smoothly. Ask the bank with regard to any fees, penalties, or other factors which may decrease the earnings of your savings account. These are not detailed on their website.
We are also assuming that this is a local deal in Baltimore, Maryland. The bank has branches along S. Easton and Reisterstown Road in Baltimore.
Hopkins Federal Savings Bank is member of the FDIC.
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