Compare the Best Local Rates

Frederick Savings Account Rates: Banks Versus Credit Unions

Both community banks and credit unions have garnered reputations as sources of excellent interest rates, which is great to know when you’re looking for the highest rate on your Frederick savings account. Of course, only one financial institution in the city can have the very best interest rate of all, and you probably want to know where that is. Is it the nearby bank or your community credit union? You’re about to find out.

Below is a list of the best savings account rates in Frederick, MD, split up by credit unions and banks. Did your financial institution make the list?

Frederick Banks with the Highest Savings Rates

  • Hopkins Federal Savings Bank: 1.11%
  • Virginia Heritage Bank: 1.01%
  • Wilmington Trust FSB: 1.01%
  • HSBC Bank USA, National Association: 0.8%
  • Homewood Federal Savings Bank: 0.75%

Credit Unions in Frederick with the Best Savings Interest Rates

  • Mt. Airy Baptist Church Credit Union: 1%
  • Healthcare United Credit Union: 0.77%
  • Csc Employees Credit Union: 0.5%
  • Point Breeze Credit Union: 0.5%
  • Municipal Empl. Of Balt Credit Union: 0.5%

Please note that these rates are accurate as of 6/17/11, but are subject to change at any time.