Cambridge, Maryland (MD) Savings Rates - March 2026
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The savings rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
The best savings rates for Cambridge, Maryland and the surrounding area include BayVanguard BankBayVanguard Bank304 High St, Cambridge, MD 21613A+5.0 ★Texas Ratio: 2.54% Business Premier Money Market Savings at 3.73% APY, Partners 1st Federal Credit UnionPartners 1st Federal Credit Union726 Cambridge Plz, Cambridge, MD 21613A+5.0 ★Texas Ratio: 3.82% IMMA Gold at 0.50% APY, Andrews Federal Credit UnionAndrews Federal Credit Union5711 Allentown Rd, Suitland, MD 20746A5.0 ★Texas Ratio: 11.92% Online Savings Account at 5.00% APY, Ukrainian Selfreliance Federal Credit UnionUkrainian Selfreliance Federal Credit Union2345 Eastern Ave, Baltimore, MD 21224A+5.0 ★Texas Ratio: 1.47% IRA Savings at 4.08% APY, and Capital Area Realtors Federal Credit UnionCapital Area Realtors Federal Credit Union15201 Diamondback Dr, Rockville, MD 20850 3312B-4.4 ★Texas Ratio: 22.37% Savings Account at 3.79% APY. Savings rates as of March 26, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Cambridge, Maryland, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Cambridge, Maryland (MD) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Cambridge, Maryland and the surrounding area. Last Updated and Verified: March 26, 2026
Compare the Best Savings Rates in Cambridge, Maryland & Surrounding Communities
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Business Premier Money Market Savings
3.73%
$10,000
▼
Rate0.00%
Min Deposit$10,000
Min Balance—
UpdatedMar 25, 2026
Details
Guaranteed rate for the first 90 days.
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Business Premier Money Market Savings
3.22%
$0
▼
Rate3.17%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bonus Rate for the first 90 days
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Business Premier Money Market Savings
3.15%
$0
▼
Rate3.17%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bonus Rate for the first 90 days
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Business Premier Money Market Savings
3.13%
$0
▼
Rate3.08%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Personal Premier Money Market Savings
3.13%
$0
▼
Rate3.08%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bonus Rate (Relationship) for the first 90 days
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Personal Premier Money Market Savings
3.07%
$0
▼
Rate3.08%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bonus Rate (Relationship) for the first 90 days
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Personal Premier Money Market Savings
3.06%
$0
▼
Rate3.01%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Business Premier Money Market Savings
3.04%
$0
▼
Rate3.17%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bonus Rate for the first 90 days
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Business Premier Money Market Savings
2.98%
$0
▼
Rate2.94%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
ICS Personal Premier Money Market Savings
2.98%
$0
▼
Rate2.94%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
ICS Business Premier Money Market Savings
2.97%
$0
▼
Rate2.93%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
ICS Personal Premier Money Market Savings
2.94%
$0
▼
Rate2.90%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
ICS Personal Premier Money Market Savings
2.91%
$0
▼
Rate2.87%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
ICS Business Premier Money Market Savings
2.88%
$0
▼
Rate2.84%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
ICS Personal Premier Money Market Savings
2.88%
$0
▼
Rate2.84%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Business Premier Money Market Savings
2.85%
$0
▼
Rate3.17%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bonus Rate for the first 90 days
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Business Premier Money Market Savings
2.73%
$0
▼
Rate2.69%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
ICS Business Premier Money Market Savings
2.73%
$0
▼
Rate2.69%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Business Premier Money Market Savings
2.58%
$0
▼
Rate3.17%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bonus Rate for the first 90 days
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
ICS Business Premier Money Market Savings
2.48%
$0
▼
Rate2.45%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Business Premier Money Market Savings
2.38%
$0
▼
Rate2.35%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Personal Premier Money Market Savings
2.35%
$0
▼
Rate3.08%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bonus Rate (Relationship) for the first 90 days
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Business Premier Money Market Savings
2.33%
$0
▼
Rate3.17%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bonus Rate for the first 90 days
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Personal Premier Money Market Savings
2.13%
$0
▼
Rate2.11%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bonus Rate (Standard) for the first 90 days; $100,000.00 and above
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Premier Money Market Savings
2.13%
$0
▼
Rate2.11%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
$100,000.00 and above
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Personal Premier Money Market Savings
2.09%
$0
▼
Rate2.07%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Personal Premier Money Market Savings
2.06%
$0
▼
Rate2.11%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bonus Rate (Standard) for the first 90 days; $50,000.00 - $99,999.99
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Business Premier Money Market Savings
2.04%
$0
▼
Rate2.02%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Premier Money Market Savings
2.04%
$0
▼
Rate2.02%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
$50,000.00 - $99,999.99
BayVanguard Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.54%
304 High St, Cambridge, MD 21613
Business Premier Money Market Savings
1.94%
$0
▼
Rate3.17%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bonus Rate for the first 90 days
Partners 1st Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.82%
726 Cambridge Plz, Cambridge, MD 21613
IMMA Gold
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Partners 1st Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.82%
726 Cambridge Plz, Cambridge, MD 21613
IMMA
0.25%
$25,000
▼
Rate0.25%
Min Deposit$25,000
Min Balance—
UpdatedMar 21, 2026
Details
Partners 1st Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.82%
726 Cambridge Plz, Cambridge, MD 21613
IMMA
0.15%
$2,499
▼
Rate0.15%
Min Deposit$2,499
Min Balance—
UpdatedMar 21, 2026
Details
Partners 1st Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.82%
726 Cambridge Plz, Cambridge, MD 21613
Health Savings Checking
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Partners 1st Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.82%
726 Cambridge Plz, Cambridge, MD 21613
IMMA
0.10%
$1,000
▼
Rate0.10%
Min Deposit$1,000
Min Balance—
UpdatedMar 21, 2026
Details
Partners 1st Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.82%
726 Cambridge Plz, Cambridge, MD 21613
IRA Shares
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Partners 1st Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.82%
726 Cambridge Plz, Cambridge, MD 21613
Health Savings Checking
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Partners 1st Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.82%
726 Cambridge Plz, Cambridge, MD 21613
Regular & Special Savings
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
Andrews Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.92%
5711 Allentown Rd, Suitland, MD 20746
Online Savings Account
5.00%
$0
▼
Rate4.89%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Qualifying balance up to $1,000.00
Ukrainian Selfreliance Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.47%
2345 Eastern Ave, Baltimore, MD 21224
IRA Savings
4.08%
$0
▼
Rate4.00%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Capital Area Realtors Federal Credit Union
Institution Rating:
B-4.4 ★Texas Ratio: 22.37%
15201 Diamondback Dr, Rockville, MD 20850 3312
Savings Account
3.79%
$100
▼
Rate0.10%
Min Deposit$100
Min Balance—
UpdatedMar 25, 2026
Details
Market USA Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 6.88%
8871 Gorman Rd, Laurel, MD 20723 5877
High-Yield VIP Savings
3.75%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Lafayette Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.75%
7741 TUCKERMAN LN, POTOMAC, MD 20854 3266
Premier Savings Accounts
3.56%
$0
▼
Rate3.50%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Lafayette Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.75%
7741 TUCKERMAN LN, POTOMAC, MD 20854 3266
Premier Savings Accounts
3.46%
$0
▼
Rate3.40%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Dexsta Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.79%
975 E Pulaski Hwy, Elkton, MD 21921 6357
High Yield Savings
3.45%
$0
▼
Rate3.40%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
$100,000.00-$249,999.99
WSSC Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.05%
14501 Sweitzer Ln, Laurel, MD 20707
Youth Savings
3.44%
$0
▼
Rate3.40%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Lafayette Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.75%
7741 TUCKERMAN LN, POTOMAC, MD 20854 3266
Premier Savings Accounts
3.35%
$0
▼
Rate3.30%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Andrews Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.92%
5711 Allentown Rd, Suitland, MD 20746
High Yield Savings Account
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Lafayette Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.75%
7741 TUCKERMAN LN, POTOMAC, MD 20854 3266
IRA Savings Account
3.25%
$50
▼
Rate3.20%
Min Deposit$50
Min Balance—
UpdatedMar 20, 2026
Details
Lafayette Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.75%
7741 TUCKERMAN LN, POTOMAC, MD 20854 3266
Preferred Savings Accounts
3.25%
$20,000
▼
Rate3.20%
Min Deposit$20,000
Min Balance—
UpdatedMar 20, 2026
Details
Lafayette Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.75%
7741 TUCKERMAN LN, POTOMAC, MD 20854 3266
Premier Savings Accounts
3.25%
$50,000
▼
Rate3.20%
Min Deposit$50,000
Min Balance—
UpdatedMar 20, 2026
Details
Ukrainian Selfreliance Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.47%
2345 Eastern Ave, Baltimore, MD 21224
High Yield Savings
3.20%
$0
▼
Rate3.15%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Lafayette Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.75%
7741 TUCKERMAN LN, POTOMAC, MD 20854 3266
Preferred Savings Accounts
3.20%
$50
▼
Rate3.15%
Min Deposit$50
Min Balance—
UpdatedMar 20, 2026
Details
Qualifying balance up to $19,999
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
5260 Western Ave, Chevy Chase, MD 20815
SafeGuard Savings, Consumer
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
5260 Western Ave, Chevy Chase, MD 20815
SafeGuard Savings, Municipal
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Har-co Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.97%
30 N Hickory Ave, Bel Air, MD 21014 3249
Educator Summer Savings
3.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Qualifying balance up to $20,000.00
Har-co Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.97%
30 N Hickory Ave, Bel Air, MD 21014 3249
New Educator Summer Savings
3.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
No monthly or maintenance charges; Depending on your payroll amount, your summer savings will be automatically transferred bi-weekly into your checking account in the summer; Open to all 10 month employees in education - public or private, Harford County or beyond; Member must live, work, or attend school or church in Harford County or have immediate family at Har-co; $5 - $20,001 will earn 3.00% APY; over $20,001 will earn 0.25% APY. Minimum balance to obtain the stated APY is $5.
Pentagon Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.64%
805 King Farm Blvd Ste 110, Rockville, MD 20850 6537
Premium Online Savings Account
2.70%
$0
▼
Rate2.67%
Min Deposit$0
Min Balance—
UpdatedMar 21, 2026
Details
$5 minimum balance to open
Freedom Of Maryland Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.35%
1304 E Churchville Rd, Bel Air, MD 21014
Educator Savings
2.50%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
Qualifying balance up to $10,000.00; ** Available to Baltimore County and Harford County school employees in the public and private sector
First Peoples Community Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.11%
54 QUEEN CITY DR, CUMBERLAND, MD 21502
Thrift Savings Accounts
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
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The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice.
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.
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.
Cambridge, MD Savings Rate Trends
Compare local Cambridge, MD savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield Savings — MD Avg
1.370%
▼ 0.112 from last week
Maryland high-yield savings rates fell 0.112 points this week to 1.370% APY, down from 1.482% last week.
Standard Savings — MD Avg
0.600%
▼ 0.765 from last week
Maryland standard savings rates fell 0.765 points this week to 0.600% APY, down from 1.365% last week.
As of Mar 26, 2026 •
Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Cambridge, 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 Cambridge, 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 Cambridge, Maryland
What is a High-Yield Savings Account (HYSA)?
A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Maryland, help your money grow faster through a higher APY.
Are savings accounts in Cambridge, Maryland safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Maryland up to $250,000 per depositor, per institution.
How often do savings rates change in Cambridge, Maryland?
Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Maryland rate tables daily to ensure you see the most current high-yield options.
Do I need a minimum deposit to open a savings account?
It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Cambridge, Maryland may require $25–$100 to open an account.
What is the difference between a Savings Account and a Money Market Account?
Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.
Are online banks better than local banks in Cambridge, Maryland?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Cambridge, Maryland offer in-person customer service, which some customers prefer.
How do I open a savings account in Cambridge, Maryland?
You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.
Best Savings Rates in Cambridge, Maryland
Here are recent savings rates observed in Cambridge, Maryland and the surrounding area:
- BayVanguard Bank
Business Premier Money Market Savings — 3.73% APY - Partners 1st Federal Credit Union
IMMA Gold — 0.50% APY - Andrews Federal Credit Union
Online Savings Account — 5.00% APY - Ukrainian Selfreliance Federal Credit Union
IRA Savings — 4.08% APY - Capital Area Realtors Federal Credit Union
Savings Account — 3.79% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Cambridge, Maryland. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 26, 2026
