Sunday, April 3, 2011

Atlanta Deal: 1.75%, 24-Month CD Rates

Atlanta Deal: 1.75%, 24-Month CD Rates

Georgia Primary Bank’s best deal on CD rates has slipped nearly half a point since last we looked at this bank in July 2010.

Georgia Primary Bank requires a $1,000 minimum deposit.Still, its 1.75% APY offer on 24-month CD rates with a minimum deposit of $1,000 beats the top nationally available deal by almost a tenth of a percentage point. New York-based Melrose Credit Union offers the top nationally available deal at 1.66% APY.

The bank’s offer is also more than a point above the average yield of 0.73% APY on 24-month CDs offered by big banks and thrifts throughout the country.

These certificates of deposit must be purchased at the bank’s only office — 3880 Roswell Road in Atlanta — and you must be a Georgia resident to buy one.

Compare these returns with the best CD rates from scores of banks in our extensive database.

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