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CFG Bank has two branch locations in Baltimore, Maryland.

The bottom line: CFG Bank is a great choice for CFG Bank High Yield Money Market Account or CDs. These accounts pay high interest rates and can be opened online from anywhere in the US. But if you’re looking for savings or checking accounts, you’ll have to live near a branch location in Maryland.

Find the right savings account for you

Overall bank rating

Feature
Insider rating (out of 5)

Checking
3.5

Savings
3.25

Money market account
3.5

CD
4

Trustworthiness
5

Total
3.75

Pros and cons

Pros
Cons

Money market accounts and CDs are available online to anyone in the US

Competitive interest rates on money market accounts and CDs

Low minimum opening deposits on savings and checking accounts

Savings accounts and checking accounts must be opened at a branch
Branches only available in Maryland
Monthly service fees on savings and money market accounts
Poor mobile app ratings

CFG Bank Standard Savings Account

You may like the CFG Bank Standard Savings Account if you’re able to maintain at least $100 in your account daily. That way, you won’t have to pay a monthly service fee.

If you’d prefer a high-yield savings account, consider the bank’s money market account or one of the accounts on our best high-yield savings accounts guide.

CFG Bank Community Checking Account

The CFG Bank Community Checking Account might be a worthwhile option if you’re a Maryland resident who wants to open a free checking account.

It may not be the best choice if you frequently overdraw from your account, though. There’s a $37 overdraft fee, and the bank only offers a line of credit for overdraft protection. 

CFG Bank Certificate of Deposit

CFG Bank CDs are one of CFG Bank’s strongest products. You only need CFG Bank Certificate of Deposit to open a CD, and you could earn a high rate. 

There are only a few terms to choose from, though, and the shortest term available is one year. 

CFG Bank High Yield Money Market Account

CFG Bank is featured in our best money markets account guide. The CFG Bank High Yield Money Market Account is a great option if you’re able to keep at least $1,000 in your account. That …read more

Source:: Business Insider

      

CFG Bank review: Strong money market account that earns a competitive interest rate

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