Personal Savings Accounts

Invest In Your Life

Whether it’s for your child’s college funds, retirement, or a dream car, we have the right saving account for you. The Bank of Glen Burnie (BofGB) is here to give you the best personalized customer service you deserve with big bank savings options.

Personal Saving Account Options

Money Market

Open Account
  • $2,500 minimum opening deposit

  • Interest calculated daily and credited monthly

  • No monthly maintenance fee unless daily balance falls below $2,500; then only $7

  • An activity fee of $15 will be charged for each debit transaction in excess of six (6) during a statement cycle

  • Monthly statements

Money Market ADVANTAGE

Open Account
  • $25,000 minimum opening deposit

  • Interest calculated daily and credited monthly

  • No monthly maintenance fee unless daily balance falls below $25,000; then only $7

  • An activity fee of $15 will be charged for each debit transaction in excess of six (6) during a statement cycle

  • Monthly statements

Statement Savings

Open Account
  • $100 minimum opening deposit

  • No monthly maintenance fee unless daily balance falls below $100; then only $3

  • An activity fee of $10 will be charged for each debit transaction in excess of six (6) during a statement cycle

  • Interest calculated daily and credited monthly

  • Monthly statements

Youth Savings

Open Account
  • $50 minimum opening deposit and adult co-signer required

  • Withdrawals limited to six (6) per month; $3 activity charge for each additional withdrawal

  • Interest calculated daily and credited monthly

  • Pre-authorized, automatic, telephone or internet transactions are not permitted

  • No monthly maintenance fee unless daily balance falls below $50; then only $1

  • Youth Savings Accounts must be converted to a Statement Savings Account by visiting a BofGB branch to complete a new signature card when the youth account holder reaches 18 years of age. Failure to sign a new signature card within 30 days will result in account closure.

  • Statements issued quarterly

Certificates of Deposit (CDs)

Open Account
  • $500 initial deposit

  • Interest rate is fixed for the entire term of the certificate

  • Interest is calculated daily and credited monthly

  • Interest compounded in the account

  • Certificates automatically renew at current interest rate if not redeemed at maturity

  • Substantial penalty for early withdrawal (penalty does not apply to 30-day Certificates)


Complete BofGB CD details can be found here.

Individual Retirement Account (IRAs)

Open Account
  • Traditional IRA

  • Roth IRA

  • Education IRA


BofGB IRA options can be found here.

Interest Rates

All interest rates are set by The Bank of Glen Burnie® and are subject to change at any time based on market conditions.

Important Information: Fraud Protection | New Account Opening Information