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Rates

All Rates Effective:  September 30, 2022

Certificate of Deposit Rates

A Penalty May Be Imposed For Early Withdrawal
Term of
Certificate
Minimum
Deposit to Open
Minimum Balance
to Earn APY
Interest
Rate
Annual
Percentage Yield
6 Months $1,000.00 $1,000.00 0.75% 0.75%
12 Months $1,000.00 $1,000.00 0.90% 0.90%
15 Months - Step Up $1,000.00 $1,000.00 0.90% 0.90%
18 Months $1,000.00 $1,000.00 1.00% 1.00%
24 Months $1,000.00 $1,000.00 1.25% 1.26%

Deposit Product Rates

All accounts shown below are variable rate accounts. Rates may change after the account is opened.

Tiered
Money Market
Minimum
Deposit to Open
Minimum Balance
to Earn APY
Interest
Rate
Annual Percentage Yield
$750 to $9,999.99
$750.00 $750.00 0.45% 0.45%
$10,000 to $49,999.99 $750.00 $10,000.00 0.55% 0.55%
$50,000 to $99,999.99 $750.00 $50,000.00 0.65% 0.65%
$100,000 to $249,999.99 $750.00 $100,000.00 0.80% 0.80%
$250,000 and above $750.00 $250,000.00 1.00% 1.00%
Account
Type
Minimum
Deposit to Open
Minimum Balance to Earn APY Interest
Rate
Annual Percentage Yield
NOW Checking $750.00 $0.00 0.20% 0.20%
Taylor Made Plus & 50 Plus $100.00 $0.00 0.20% 0.20%
*Rewards Checking
To qualify for APY, see requirements below:
Minimum
Deposit to Open
Minimum Balance to Earn APY
Interest
Rate
Annual Percentage Yield
Balances $15,000 and below $100.00 $0.00 1.00% 1.00%
Balances above $15,000
$15,000.01 0.35% 0.35%
Base Rate if Requirements are not met
$0.00 0.05% 0.05%
Savings $100.00 $0.00 0.25% 0.25%
Health Savings Account $100.00 $0.00 0.85% 0.85%

IRA Rates

A Penalty May Be Imposed For Early Withdrawal


Term of
Certificate
Minimum
Deposit to Open
Minimum Balance to Earn APY
Interest
Rate
Annual Percentage Yield
Variable - 18 Months $100.00 $0.00 0.85% 0.85%
Fixed - 6 Months $100.00 $0.00 0.90% 0.90%
Fixed - 12 Months $100.00 $0.00 1.05% 1.06%
Fixed - 18 Months $100.00 $0.00 1.15% 1.16%
Fixed - 24 Months $100.00 $0.00 1.40% 1.41%

*To obtain the Rewards Checking rate, during each qualification cycle you must 1) have at least 10 debit card purchases post and clear, 2) receive an e-Statement, 3) access Online Banking on 2 different days, and 4) have at least one direct deposit or one electronic payment (ACH or Online Bill Payment) post and clear. If Reward requirements are not met, you receive the base rate.

Fees may reduce earnings on an account. Rates are subject to change. Call for current rates 410-641-1700.

Taylor Bank, founded in 1890, is a full-service community bank with 12 branches located throughout the eastern coastal area of the Delmarva Peninsula, including Worcester County, Maryland, Sussex County, Delaware and Accomack County, Virginia.