Health Savings Account

Interest credited monthly & compounded daily (365/360). Requires maintaining an average monthly balance of $100 to avoid a $3 monthly service charge. Tiered Rates

Account TypeInterest RateAPY*
$0.00-$2,499.990.050%*0.050%
$2,500-$24,999.990.10%*0.10%
$25,000-$49,999.990.15%*0.15%
$50,000 and above0.20%*0.20%

Health Savings Accounts (HSA) are subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see your HSA Agreement or tax advisor for additional information.


Regular and Retirement Certificates of Deposit (CD)

Interest Credited and Compounded Monthly (365/365)

MINIMUM BALANCES OF: Regular CD $1,000, IRA CD $100 (unless otherwise indicated), 30 month CD Special $1,000.

EARLY WITHDRAWAL PENALTY APPLIES: three months loss of interest on amounts withdrawn for CDs 12 months or less, six months loss of interest on amounts withdrawn for CDS over 12 months.

CD SPECIALS: restrictions may apply. CD promotional rates available for new money. Promotional CD rates available for a limited time.

Account TypeInterest RateAPY*
3 MOS CD0.15%0.15%
6 MOS CD0.25%0.25%
12 MOS CD0.50%0.50%
SPECIAL - 14 MOS CD
(converts to a 12 month at maturity)
1.25%1.26%
18 MOS CD0.75%0.75%
24 MOS CD0.85%0.85%
SPECIAL -30 MOS CD
(converts to a 24 month at maturity)
1.75%1.76%%
36 MOS CD0.95% Bump Up0.95%
48 MOS CD1.00% Bump Up1.00%
60 MOS CD1.50% Bump Up1.51%

Bump Up Certificate of Deposit – Take advantage of rising rates with a Bump-Up Certificate of Deposit. You can bump your interest rate up to the current Bump-Up rate one time during the CD term.


Chesapeake Bay Checking Account

No minimum balance requirement, no monthly service charge. Non-Interest bearing.


Chesapeake Bay Benefits Checking Account

Interest Credited and Compounded Daily (365/360)

Account TypeInterest RateAPY*
$1,000 Average Monthly Balance or $5,000 in combined deposit balances0.30%*0.30%

Requires maintaining an average monthly account balance of $1000 or combined deposit balances of $5000 to avoid a $7 monthly service charge. First order of standard checks provided at no charge. (55+ RECEIVES ACCOUNT AND ALL STANDARD CHECKS AT NO CHARGE – ONE BOX PER ORDER) Available to individuals and sole proprietorships only.


Statement Savings Account

Interest Credited Monthly and Compounded Daily (365/360)

Account TypeInterest RateAPY*
$200.00 Average Monthly Balance0.20%*0.20%

Requires an average monthly balance of $20 to avoid a $3 monthly services charge. Minimum average monthly balance of $200 to accrue interest. No minimum balance requirement for individuals under age 21.


Money Market Account

Interest Credited Monthly and Compounded Daily (365/360) Tiered Rates

Account TypeInterest RateAPY*
$0.00-$2,499.990.05%*0.05%
$2,500-$24,999.990.10%*0.10%
$25,000-$49,999.990.15%*0.15%
$50,000 and above0.35%*0.35%

Requires maintaining an average monthly balance of $2500 to avoid a $5 monthly service charge.


Safe Harbor Passbook Savings Account

Interest Credited Monthly and Compounded Daily (365/360) Tiered Rates

Account TypeInterest RateAPY*
$0.00-$2,499.990.05%*0.05%
$2,500-$24,999.990.10%*0.10%
$25,000-$49,999.990.15%*0.15%
$50,000 and above0.35%*0.35%

Requires maintaining an average monthly balance of $2500 to avoid a $5 monthly service charge. 


Individual Retirement Savings Account

Interest Credited Monthly and Compounded Daily (365/360). Tiered Rates

Account TypeInterest RateAPY*
$0.00-$2,499.990.05%*0.05%
$2,500-$24,999.990.10%*0.10%
$25,000-$49,999.990.15%*0.15%
$50,000 and above0.20%*0.20%

Requires maintaining an average monthly balance of $100 to avoid a $3 monthly service charge. 
*For more information on Annual Percentage Yields (APY), see your account disclosures.
ATM NETWORK AND FEES:SEVERN IS A MEMBER OF THE ATM NETWORK. ALLPOINT OFFERS OVER 55,000 SURCHARGE-FREE ATMS NATIONWIDE. IN ADDITION, SEVERN DOES NOT CHARGE ITS CUSTOMERS A FEE FOR ATM TRANSACTIONS.NOTICE REGARDING ATM FEES BY OTHERS: If you use an automated teller machine that is not operated by us or a member of the Allpoint™ ATM network, you may be charged a fee by the operator of the machine and/or by an automated transfer network.