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Old Line Bank Review

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Old Line Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Old Line Bank first started operating in 1989 and is headquartered in Bowie, Maryland. Old Line Bank manages $2 billion in assets as well as deposits totaling $2 billion, ranking it as a large bank. Old Line Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 3.8 out of 5 stars, Old Line Bank should be near the middle of the pack in your search for a bank. Old Line Bank provides customers with a complete suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Old Line Bank has a fair savings rate; you can find higher rates with other banks. The bank's standard checking account carries a monthly fee of $5.00, making it a rather expensive bank for checking. Institutions that offer free checking, in addition to a high interest rate savings account are your best option for gaining the most income from your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

With a savings rate of 0.05%, Old Line Bank ranks poorly as compared against the national average. Old Line Bank's one-year CD earns at a rate of 2.45% and the five-year CD earns at a rate of 2.75%, while its highest-yielding money market account has a rate of 0.20%. Given Old Line Bank's poor savings rate, you should think about looking elsewhere to open savings accounts.

How Old Line Bank's Savings Rates Compare

Old Line Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Old Line Bank charges its customers high fees in comparison to other U.S. banks. At $5.00/month, Old Line Bank is less than great for those who want a simple checking account. Old Line Bank unfortunately does not refund out-of-network ATM fees, meaning you'll need to find an Old Line Bank ATM or pay the ATM charge.

Monthly Fee $5.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Old Line Bank is a brick-and-mortar bank, with 40 total bank locations. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not have all-day customer service with representatives. You can get help during its hours, which are Monday through Friday and 8:30 a.m. to 5:00 p.m. ET. Old Line Bank's online and mobile banking platforms get mediocre scores from users. With 21 customer reviews on both Apple and Android platforms, the Old Line Bank mobile app rates a 2.6 out of 5 (compared to the national average of 3.8). You can access Old Line Bank's mobile app to manage your funds by reviewing monthly statements, transferring money as well as reaching support representatives. Old Line Bank gets an exceptional consumer satisfaction score based on comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 2.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Old Line Bank is currently a large bank owning $2 billion in assets as well as $2 billion in deposits. Old Line Bank's Texas Ratio is 1.59%, indicating that Old Line Bank is in excellent financial well-being and far from failure. Additionally, Old Line Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Old Line Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.1% APY $2500
Certificates of Deposit
  • 12 Month: 2.45% APY
  • 24 Month: 2.50% APY
  • 36 Month: 2.60% APY
  • 48 Month: 2.70% APY
  • 60 Month: 2.75% APY
$500 for all terms
Money Market Account 0.15% APY $5000

Old Line Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Old Line Bank does not have the best savings rate, which means you should think about taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Old Line Bank's CD rates are fair as compared against the national average.

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Find a Old Line Bank Near Me

Old Line Bank has 40 branches in the U.S.

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