Personal 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

Seasonal Savings- This account is designed for customers who are visiting our community and wish to maintain an interest bearing savings account for less than 6 months.

  • Minimum opening balance of $50.00
  • Opening fee of $30.00
  • $1.00 fee if balance falls below $50.00 per calendar month
  • Maximum 4 withdrawals per month
  • $1.00 fee for each withdrawal in excess of the 4 allowed per calendar month
  • Quarterly Interest

Savings I.R.A.- This investment product is for customers who want to start building a retirement fund and earn premium interest.
*Account types include Statement Savings and Time Deposits

  • Minimum balance required for Time Deposits $1,000.00
  • Minimum balance required for Statement Savings is $500.00
  • Variable terms
  • Automatic renewal at maturity
  • Premium Interest Rate
  • Stepped Rate Options
  • Calculate the earnings potential of your investment by clicking HERE.

(HSA) Health Savings Account- This savings account helps customers save for future medical expenses with Triple Tax Savings.

  • You must have a High Deductible Health Insurance Plan to be eligible
  • No minimum opening deposit
  • $5 monthly fee if daily average balance falls below $100.00
  • No transaction limitations

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 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
  • No early withdraw

Christmas Club- This savings investment is best suited for customers who wish to save money for the holidays or any other year end expense.

  • Maximum contribution of $5,000.00 per term, per Social Security Number
  • Automatic transfers from another Bank of Ocean City account only
  • Interest at club maturity in October
  • No early withdrawals

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