Commercial Banking

Savings & Investments

Statement Savings- This interest bearing account is suited for customers who wish to begin saving for the future.

  • Minimum Balance of $25.00
  • $.50 fee if balance falls below $25.00 per calendar month
  • Maximum of 4 withdrawals per month
  • $1.00 fee for each withdrawal in excess of the 4 allowed per calendar month
  • Quarterly Interest

Money Market- This interest bearing account is available to customers who maintain a balance in excess of $1,000 in their savings account and are looking for limited check writing privileges.

  • Minimum balance of $1,000.00
  • $5.00 monthly fee if average balance falls below $1,000.00
  • Monthly interest
  • Limited check writing
  • Imaged Statements

Certificate of Deposit- This product is best suited for business customers who wish to invest their funds in a Time Deposit with terms ranging from 3 months to 5 years.

  • Minimum balance of $1,000
  • Variable terms
  • Automatic renewal at maturity
  • Premium interest rate
  • Stepped rate options

CDARS (Certificate of Deposit Account Registry Service)- This product is the most convenient way for safety-conscious investors to access FDIC insurance on multi-million-dollar deposits.

  • Earn CD-level returns which may compare favorably with those of Treasuries and other high quality investments (Consult a Bank of Ocean City employee regarding rates)
  • Enjoy the time saving convenience associated with one agreement, one rate and one regular statement…all at one bank
  • Take advantage of a convenient alternative to commercial paper, money market mutual funds and sweep accounts
  • No early withdraw

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