(a) Except as required by subsection (b) of this section, a savings and loan association is not required to pay any dividend or interest on special purpose accounts such as 'Christmas' or 'vacation' accounts. (b) A savings and loan association shall pay at least 5 percent annual interest or dividend on savings accounts that are for: (1) A period of 1 year or less; and (2) A special purpose, such as 'Christmas' or 'vacation' accounts.
Maryland Legal Code