Congressional Bank's CD Rates and Financial Information

Congressional Bank Main Address and Contact Information

7963 Tuckerman Lane
Potomac, Maryland 20854

Congressional Bank FDIC Certification Number

57614

Congressional Bank

Congressional Bank Logo

Notes: Open a CD Online Today! Member FDIC.

Congressional Bank CD Rates

Product APY Rate Min. Deposit
1 yr CD 1.200% 1.190% $25,000.00
2 yr CD 0.750% 0.750% $25,000.00
5 yr CD 2.250% 2.230% $25,000.00
Rates Updated: 12/08/2017

Articles Related to Congressional Bank

Three Banks Now Offering 1 Year CD Rates at 1.75%
CD rates continue to move higher in 2017 as November brings more new highs for 1 year CD rates. There are now three banks offering 1 year CD rates at 1.74 percent with an APY of 1.75 percent.     Read more...
Top 2 Year CD Rate Now at 1.70 Percent

The top CD rates continue to move higher as the best 2 year CD rate hits 1.70 percent this week. 2 year CD rates at Connexus Credit Union take the top spot this week at 1.69 percent with a yield of 1.70 percent. Connexus has the best rate this week but two banks are right on the credit union's tail.

Northern Bank Direct, EverBank, and Popular Direct have the second best 2 year rate this week at 1.64 percent with a yield of 1.65 percent. We have another three-way tie for third place, My e-BAnC by BAC Florida Bank, TAB Bank, and VirtualBank all have a current 2 year rate of 1.61 percent with a yield of 1.62 percent.

Not only are the top rates moving higher this week, average 2 year CD rates are also higher. The current average 2 year CD rate is at 1.50 percent, up from last week's average 2 year rate of 1.47 percent. Listed below are the top ten 2 year CD rates for the week ending April 15, 2017.

Best 2 Year CD Rates

  1. Connexus CU - Rate 1.69% Yield 1.70%
  2. Northern Bank Direct - Rate 1.64% Yield 1.65% (tied for 2nd place)
  3. Popular Direct - Rate 1.64% Yield 1.65% (tied for 2nd place)
  4. TAB Bank - Rate 1.60% Yield 1.61% (tied for 3rd place)
  5. My e-BAnC by BAC Florida Bank - Rate 1.60% Yield 1.61% (tied for 3rd place)
  6. VirtualBank - Rate 1.60% Yield 1.61% (tied for 3rd place)
  7. Banesco USA - Rate 1.60% Yield 1.60%
  8. Capital One Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
  9. Synchrony Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
  10. M.Y. Safra Bank, FSB - Rate 1.59% Yield 1.60% (tied for 5th place)
  11. iGObanking.com - Rate 1.59% Yield 1.60% (tied for 5th place)
  12. Congressional Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
  13. iGObanking.com - Rate 1.59% Yield 1.60% (tied for 5th place)
  14. First Internet Bank of Indiana - Rate 1.56% Yield 1.57%
  15. CD Bank - Rate 1.55% Yield 1.56%
  16. Nationwide Bank - Rate 1.50% Yield 1.51% (tied for 8th place)
  17. Pentagon Federal Credit Union - Rate 1.50% Yield 1.51% (tied for 8th place)
  18. PurePoint Financial - Rate 1.49% Yield 1.50% (tied for 9th place)
  19. Home Savings Bank - Rate 1.49% Yield 1.50% (tied for 9th place)
  20. Live Oak Bank - Rate 1.49% Yield 1.50% (tied for 9th place)
  21. GS Bank - Rate 1.44% Yield 1.45%
    Read more...
Slew of CD Rate Changes from Banks Prior to the Fed Funds Rate Increase

There has been a slew of CD rate changes from many different banks in our database this past week. A total of six banks changed some, if not all, of their CD rates. Only one bank, EverBank, changed a couple of their rates since the Federal Open Market Committee voted to increase the fed funds rate by 25 basis points.

It still stands to reason that several online banks that are offering the top online CD rates will increase their rates in the coming weeks. Major banks were quick to increase the prime rate they offer on loans but announced they wouldn't increase deposit rates.

The prime rate was increased at these banks:

Deutsche Bank, Citibank, U.S. Bancorp, JPMorgan Chase, HSBC, KeyCorp, M&T, BMO Harris Bank, SunTrust, Huntington Bancshares, PNC, Bank of America and BB&T.

It's no surprise these bigger banks are not going to increase deposit rates. They were offering very low rates because they have no interest in attracting deposits. A fed funds rate increase of 0.25 percent isn't going to change their rates. Listed below are all the certificate of deposit rate changes this past week.

BankProductRate (New / Old)Yield (New / Old)
AloStar Bank of Commerce1 yr CD1.25 / 1.201.26 / 1.21
AloStar Bank of Commerce2 yr CD1.45 / 1.391.46 / 1.40
AloStar Bank of Commerce1 yr jumbo CD1.25 / 1.201.26 / 1.21
AloStar Bank of Commerce18 month CD1.30/ 1.201.31 / 1.21
AloStar Bank of Commerce2 yr jumbo CD1.45 / 1.391.46 / 1.40
AloStar Bank of Commerce18 month jumbo CD1.30 / 1.201.31 / 1.21
EverBank6 month CD0.90/ 0.640.90 / 0.64
EverBank2 yr CD1.22 / 1.231.23/ 1.24
EverBank2.5 yr CD1.44 / 1.331.45 / 1.34
EverBank3 yr CD1.65 / 1.511.66 / 1.52
EverBank5 yr CD2.23 / 1.972.25 / 1.99
EverBank6 month jumbo CD0.90 / 0.640.90/ 0.64
EverBank2.5 yr jumbo CD1.44 / 1.331.45 / 1.34
EverBank5 yr jumbo CD2.23 / 1.972.25 / 1.99
EverBank18 month CD1.06 / 0.981.07 / 0.98
EverBank2 yr jumbo CD1.23 / 1.161.24 / 1.17
EverBank18 month jumbo CD1.06 / 0.981.07 / 0.98
EverBank3 yr jumbo CD1.65 / 1.511.66 / 1.52
EverBank4 yr CD1.90 / 1.981.92 / 2.00
EverBank4 yr jumbo CD1.90 / 1.981.92 / 2.00
Astoria Bank2 yr CD0.75 / 0.650.75 / 0.65
Astoria Bank2.5 yr CD1.04 / 0.951.05 / 0.95
Astoria Bank3 yr CD1.04 / 0.951.05 / 0.95
Astoria Bank18 month CD0.75 / 0.650.75 / 0.65
American Bank5 yr CD1.78 / 1.781.8 / 1.78
American Bank5 yr IRA CD1.78 / 1.781.8 / 1.78
American Bank4 yr CD1.34 / 1.341.35 / 1.34
American Bank4 yr IRA CD1.34 / 1.341.35 / 1.34
Congressional Bank1 yr CD0.60 / 0.950.60 / 0.95
Congressional Bank2 yr CD0.90 / 1.10.90 / 1.1
Luana Savings Bank6 month jumbo CD0.50 / 0.450.50 / 0.45
Luana Savings Bank1 yr jumbo CD0.70 / 0.650.7 0/ 0.65
Luana Savings Bank2.5 yr jumbo CD1.25 / 1.201.25 / 1.20
Luana Savings Bank5 yr jumbo CD1.75 / 1.701.76 / 1.71
Luana Savings Bank6 month $50K CD0.45 / 0.400.45 / 0.4
Luana Savings Bank18 month IRA CD1.05 / 1.001.05 / 1.00
Luana Savings Bank18 month jumbo CD0.90 / 0.850.90/ 0.85
Luana Savings Bank3 yr jumbo CD1.40 / 1.351.41 / 1.36
Luana Savings Bank18 month jumbo IRA CD1.05 / 1.001.05 / 1.00
Luana Savings Bank4 yr jumbo CD1.65 / 1.601.66 / 1.61
    Read more...
Current CD Rates, the Calm Before the Storm
The next few months will be the calm before the storm regarding CD rates. Banks and credit unions will keep CD rates near current levels until the Federal Open Market Committee (FOMC) increases the federal funds rate. Our money is on the FOMC increasing the fed funds rate in the June meeting.     Read more...
Synchrony Bank Increases 1 Year CD Rates to 1.23%
Synchrony Bank has increased their 1 year rates and now the bank has the second best 1 year bank CD rate on our list. The new 1 year CD rate at Synchrony Bank is at 1.22 percent with an APY of 1.23 percent. The old rate was at 1.19 percent with an APY of 1.20 percent.     Read more...
CD Rates at Banks and Credit Unions March 24, 2015
There were no big moves in CD rates week over week, though that will change in the coming months. Last week the FOMC held their two day meeting and released statements pointing to a possible fed funds rate hike in June or September.     Read more...
Unemployment Report Falls to 5.8% are Higher CD Rates on the Way?
Another economic report was released this morning showing an economy continuing to recover. This recovery process will eventually force CD rates higher. The Labor Department just released non-farm payrolls showing that 214,000 jobs were created in October, slightly lower than forecasts of 231,000. The unemployment rate fell from 5.9 percent to 5.8 percent, which is the lowest point in six years. The number of jobs created were slightly lower than forecast but the recovery remains intact.     Read more...

Compare Congressional Bank's CD Rates With Other Bank Rates Below

Congressional Bank Financials

Total Assets: $316,643,000
Total Deposits: $246,905,000
Equity Capital: $32,038,000
Domestic Deposits: $246,905,000
Net Income: $278,000
Net Income (Quarterly): $278,000
Headquarters: Bethesda
FDIC Field Office: Baltimore
Regulator: FED
County: Montgomery
# of Offices: 5
Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV
Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV
OTS Region: Southeast
FDIC Region: New York
Last Updated: 2006-11-03
Source: FDIC