Commercial Rates

Why do we offer such great interest rates?
Because in Anne Arundel County we take care of our own.

Interest rates and annual percentage yields (APY) effective January 20, 2012.

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-$2,499.990.20%*0.20%
$2,500-$24,999.990.25%*0.25%
$25,000-$49,999.990.34%*0.35%
$50,000 and above0.59%*0.60%
No minimum balance requirement. Available to business customers only.
 

Commercial Sweep

Interest credited monthly & compounded daily (365/360). Requires opening a Chesapeake Bay Business Checking Account. Tiered Rates.

Account TypeInterest RateAPY
$0.00-$49,999.990.39%*0.40%
$50,000-$99,999.990.49%*0.50%
$100,000-$499,999.990.59%*0.60%
$500,000 and above0.69%*0.70%
No minimum balance requirement. Available to business customers only.
 

Commercial Money Market Account

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

Account TypeInterest RateAPY
$0.00 - $74,999.990.39%0.40%
$75,000 and above0.49%0.50%
No minimum balance requirement. Available to business customers only.
 

Community Business Checking

No minimum balance requirement, no charge for deposit transactions. 200 items per month provided at no charge. First order of checks provided at no charge. Any additional items will be assessed $.10 per item.  Items include checks paid (including electronic checks), checks deposited, deposit tickets, ACH debits and ACH credits.

Business Checking

Account TypeInterest Rate
Earnings Credit Rate2.00%*
No minimum balance requirement, no charge for deposit or withdrawal transactions, first order of checks provided at no charge. $20 monthly service charge – can be offset by the earnings credit.

 

RATES MAY CHANGE AT ANY TIME AT OUR DISCRETION.

*ON INTEREST BEARING ACCOUNTS, THE INTEREST RATE AND ANNUAL PERCENTAGE YIELD MAY CHANGE AFTER ACCOUNT OPENING. FEES MAY REDUCE EARNINGS ON ACCOUNTS. INTEREST IS CALCULATED USING THE DAILY BALANCE METHOD.

CALL (410) 224-8800, (410) 956-3700, (410) 768-6900, or (410) 260-2100 FOR MORE INFORMATION AND CURRENT RATES. REFER TO DISCLOSURE OF DEPOSIT ACCOUNT AGREEMENT AND TERMS FOR ADDITIONAL ACCOUNT FEATURES AND BENEFITS.

ATM NETWORK AND FEES: SEVERN IS A MEMBER OF THE ATM NETWORK. ALLPOINT OFFERS OVER 43,000 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.