Arundel Federal Savings Bank is a community-focused financial institution established in 1906, offering checking, savings, mortgages, and business banking services with local branch support.
Data compiled from public sources · Rating from CreditDoc methodology
Arundel Federal Savings Bank has served individuals, businesses, and communities since 1906, positioning itself as a locally-rooted financial institution with deep community ties. The bank emphasizes personal relationships and dedicated support alongside modern digital banking capabilities. Their service model combines traditional branch banking with contemporary online and mobile platforms, allowing customers to manage accounts anywhere, anytime.
The institution markets itself as distinct from larger national banks by highlighting community involvement and personalized service. The bank offers a comprehensive suite of consumer and business banking products. 65% APY.
For borrowing needs, they provide home equity loans, construction-to-permanent mortgage loans, and single settlement loans. Business customers can access flexible checking options with digital tools and dedicated business support. All account opening is available online, with online and mobile banking applications for account management.
Arundel Federal differentiates itself through its 1906 founding heritage and explicit commitment to supporting local people, businesses, and communities. The bank advertises personalized service, local branch accessibility, and community involvement programs. They emphasize being built specifically for business with dedicated account support, and offer competitive rates on CDs.
The website stresses security and modern convenience as core to their platform design. The bank operates as a traditional community savings bank with legitimate FDIC-insured offerings. However, the website provides limited specific product details—rates for most products beyond the advertised CD are not displayed, fee structures are not detailed, and detailed loan terms are absent.
As with most banks, competitive advantages depend on specific rate comparisons and fee structures not available on the homepage.
Arundel Federal Savings Bank processed 111 mortgage applications in 2023, approving 96.4% of applicants across 1 states.
111
Applications
96.4%
Approval Rate
$392K
Avg Loan
1
States Served
Based on 111 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Yes. Arundel Federal Savings Bank is a registered company, headquartered in Glen Burnie, MD, founded in 1906.
Account opening typically takes 1-3 business days. Loan decisions vary by product.
CreditDoc Diagnosis
Arundel Federal Savings Bank is best for community-oriented customers in its service area seeking traditional FDIC-insured banking with local relationship-focused service. The main caveat is that comprehensive product details, rates beyond the advertised CD, and fee information are not available on the website, requiring direct contact for loan terms and competitive rate comparison before opening accounts.
Bank of Ocean City is a full-service bank offering personal and business deposit accounts, lending products, and digital banking solutions with emphasis on financial literacy education.
Best for: Ocean City-area residents and businesses seeking local community banking relationships, Consumers interested in financial education and fraud prevention resources
Unable to verify. Website is inaccessible (Access Denied error). Cannot confirm company details, services, or legitimacy.
Best for: Local banking with personal service, FDIC-insured deposits
FDIC-insured community bank offering checking, savings, home equity lines of credit, and commercial lending services with a focus on local market presence and fraud prevention.
Best for: Berlin, Maryland and surrounding local market residents seeking community bank relationships, Small business owners needing commercial lending and fraud prevention services
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