New to Banking?

Banking 101

If you’ve never had a bank account before you may be surprised at how it can help you manage your finances and how easy it is. Especially here at BankAnnapolis, where you may find you’ve not only opened a bank account, but also started a financial relationship that can help you reach your financial goals. 

Deposit Accounts
Basically, bank accounts are safe places to keep your money and offer easy access to your funds just about any time you need them. Your money is insured by the federal government for up to $100,000, so you can feel safe keeping it with us. Bank accounts are also a great way to keep track of how much money you earn and spend.

FDIC Insurance - Find Out More

There are two major types of bank accounts:

Checking Accounts
Checking accounts allow you to deposit your money and have easy access to it 24 hours a day,   

Savings and Investments
Another great advantage of BankAnnapolis is that you have access to staff who can work with you on how to best invest your money. BankAnnapolis offers a wide range of investment options to meet any need.

Loan Products
Another major service of banks is to offer you access to money for large purchases like homes, boats, cars, or college.

Consumer Loans
These loans are generally used to purchase items such as cars or boats.  Most of these loans have a specific period of time in which you are to pay back the loan, and the monthly payments are normally fixed for that period of time.

Home Equity Loans
Home Equity Loans and Lines of Credit use the equity in your home as collateral for a loan.  

Mortgage Loans
There are many options to choose from when buying or refinancing your home.  Let one of our mortgage specialists guide you through the process.