Baltimore, Maryland Savings Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best savings rates for Baltimore, Maryland and the surrounding area include Capital One BankCapital One Bank6504 Reisterstown Rd, Baltimore, MD 21215A5.0 ★Texas Ratio: 7.01%Real return: +0.20%APY minus 2.8% CPI (February 2026) 360 Performance Savings at 3.00% APY, BayVanguard BankBayVanguard Bank8639 Belair Rd, Baltimore, MD 21236A+5.0 ★Texas Ratio: 2.09%Real return: +0.18%APY minus 2.8% CPI (February 2026) ICS Personal Premier Money Market Savings at 2.98% APY, Baltimore County Employees Federal Credit UnionBaltimore County Employees Federal Credit Union8640 Ridgelys Choice Dr, Baltimore, MD 21236A+5.0 ★Texas Ratio: 1.34%Real return: -2.40%APY minus 2.8% CPI (February 2026) Savings Accounts at 0.40% APY, State Employees Credit UnionState Employees Credit Union7906 Rossville Blvd, Baltimore, MD 21236 3930A+5.0 ★Texas Ratio: 3.77%Real return: -2.45%APY minus 2.8% CPI (February 2026) Business Savings at 0.35% APY, and Orrstown BankOrrstown Bank9651 Belair Rd, Baltimore, MD 21236A+5.0 ★Texas Ratio: 4.11%Real return: -2.50%APY minus 2.8% CPI (February 2026) Health Savings Account at 0.30% APY.
Baltimore has 60 local institutions in our database, with savings rates as high as 3.00% APY from Capital One Bank at 6504 Reisterstown Rd, Baltimore, MD 21215. Use the table below to compare all available offers, including options from institutions serving the broader Maryland area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Baltimore, Maryland and the surrounding area. Last Updated and Verified: September 22, 2026
Compare the Best Savings Rates in Baltimore, Maryland & Surrounding Communities
APY (Annual Percentage Yield) is variable and effective 9/18/2026. No fees. No minimums. No worries. Your balance is FDIC-insured up to the allowable limits. Unlike tiered savings accounts, Capital One's 360 Performance Savings account offers the same high-yield savings rate on your entire balance, so you earn the same great rate whether you're just starting out or have substantial savings. Interest accrues daily and compounds monthly.
Balance: $1,000,000.00 and above
Balance: $1,000,000.00 and above
Balance: $750,000.00 - $999,999.99
Balance: $500,000.00 - $749,999.99
Balance: $750,000.00 - $999,999.99
Balance: $250,000.00 - $499,999.99
Balance: $500,000.00 - $749,999.99
Balance: $250,000.00 - $499,999.99
Balance: $100,000.00 - $249,999.99
Balance: $50,000.00 - $99,999.99
Balance: $10,000+
Balance: $500,000 to $749,999.99
Balance: $2,500 - $9,999.99
Balance: $250
Balance: $0.01
Balance: $2,000 and Over
Balance: $2,000 to $9,999.99
Balance: $2,000 and Over
Balance: $2,000 and Over
Balance: $100,000+
Balance: $0 - $2,499
The above accounts are variable rate accounts and rates are subject to change. The Annual Percentage Yields (APYs) are accurate as of September 1st, 2026. Fees could reduce the earnings on the accounts. Early withdrawal penalty may be imposed. JHCU is a member-owned financial cooperative which pays dividends based upon available earnings. Federal regulations prohibit the payment of dividends in excess of earnings.
Balance: $25,000-$49,999
Balance: $0 to $1,999.99
Balance: $0 to $1,999.99
Balance: $0 to $1,999.99
Balance: $0 to $1,999.99
Balance: $5
Balance: $10
The above accounts are variable rate accounts and rates are subject to change. The Annual Percentage Yields (APYs) are accurate as of September 1st, 2026. Fees could reduce the earnings on the accounts. Early withdrawal penalty may be imposed. JHCU is a member-owned financial cooperative which pays dividends based upon available earnings. Federal regulations prohibit the payment of dividends in excess of earnings.
The above accounts are variable rate accounts and rates are subject to change. The Annual Percentage Yields (APYs) are accurate as of September 1st, 2026. Fees could reduce the earnings on the accounts. Early withdrawal penalty may be imposed. JHCU is a member-owned financial cooperative which pays dividends based upon available earnings. Federal regulations prohibit the payment of dividends in excess of earnings.
The above accounts are variable rate accounts and rates are subject to change. The Annual Percentage Yields (APYs) are accurate as of September 1st, 2026. Fees could reduce the earnings on the accounts. Early withdrawal penalty may be imposed. JHCU is a member-owned financial cooperative which pays dividends based upon available earnings. Federal regulations prohibit the payment of dividends in excess of earnings.
Balance: $2,000-$4,999
Balance: $14,999.01 +
When linked to Premier Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
Balance: $0 or more
Balance: $4,999.01 - $14,999
Balance: $10.00
Balance: $50.00
Balance: $999.01 - $4,999
When linked to Prime Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
Balance: $100 - $999
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Baltimore, MD Savings Rate Trends
Compare local Baltimore, MD savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Maryland high-yield savings rates rose 0.110 points over the past 7 days to 1.968% APY, up from 1.858%.
Maryland standard savings rates rose 0.013 points over the past 7 days to 0.814% APY, up from 0.801%.
Baltimore, Maryland Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current MD high-yield average and a Fed funds spread to project the likely rate trajectory for 2026–2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current MD high-yield savings average of 1.968% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60–90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Baltimore, Maryland.
Savings Account Earnings in Baltimore, Maryland
Annual interest earnings at current MD average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.968% APY) | Monthly Earnings | Standard Savings (0.814% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $98.41 / year | $8.20 | $40.68 / year | $3.39 |
| $10,000 | $196.82 / year | $16.40 | $81.36 / year | $6.78 |
| $25,000 | $492.05 / year | $41.00 | $203.40 / year | $16.95 |
| $50,000 | $984.10 / year | $82.01 | $406.80 / year | $33.90 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Baltimore, Maryland savings rate averages as of September 22, 2026. | ||||
About Our Baltimore, Maryland Savings Rate Database
MonitorBankRates found 13 institutions with branches in Baltimore (8 banks, 5 credit unions). Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Capital One Bank offers a savings account at 3.00% APY. Use the rate table above to compare all current offers in Baltimore, Maryland.
How to Find the Best Savings Rates in Baltimore, Maryland
What to compare when shopping for a savings account in Baltimore, Maryland
To find the best savings APYs in Baltimore, Maryland, start with credit unions and online-only banks: Baltimore, Maryland has 5 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current MD high-yield savings average is 1.968% but top local institutions are offering as high as 3.00%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3–6 months of expenses in a liquid, FDIC-insured account. Baltimore, Maryland high-yield savings rates currently average 1.968% APY, far above a typical checking account.
- Short-term savings goals (6–24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Baltimore, Maryland institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 13 institutions in Baltimore, Maryland report savings rates to our database.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return → Baltimore, Maryland CD rates
- You want check-writing flexibility → Baltimore, Maryland money market rates
- You need daily transaction access → Baltimore, Maryland checking rates
Baltimore, Maryland Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
15.3% of residents are 65 or older, below the national average of 17.3%; an unemployment rate of 6.5% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s MD high-yield savings average of 1.968%, saving 10% of the local median salary ($4,648/year) would earn an additional $91 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Baltimore, Maryland Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Baltimore, Maryland.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current MD Avg APY | 1.968% | 0.814% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 – $100 | $25 – $100 | $0 – $2,500 | $500 – $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Baltimore, Maryland averages tracked in our database as of September 22, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Baltimore, Maryland
At MD’s top rate of 3.00% from Capital One Bank, a $10,000 deposit earns $300 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Baltimore, Maryland earner is roughly $11,600. At 1.968% APY, saving $970/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsMaryland’s high-yield savings average is 1.968% APY, variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Baltimore, Maryland earner makes $46,487/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.968% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.968% APY grows to roughly $36,918 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Baltimore, Maryland savings rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Baltimore, Maryland directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Baltimore, Maryland. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in MD.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Baltimore, Maryland
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Baltimore, Maryland safe?
How often do savings rates change in Baltimore, Maryland?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Baltimore, Maryland?
How do I open a savings account in Baltimore, Maryland?
Best Savings Rates in Baltimore, Maryland
- Capital One Bank
360 Performance Savings: 3.00% APY - BayVanguard Bank
ICS Personal Premier Money Market Savings: 2.98% APY - Baltimore County Employees Federal Credit Union
Savings Accounts: 0.40% APY - State Employees Credit Union
Business Savings: 0.35% APY - Orrstown Bank
Health Savings Account: 0.30% APY
Baltimore, Maryland Rates & Resources
