According to a recent Primerates.com survey conducted on March 12, 2012 of Atlanta CD rates offered by the area banks & credit unions, Atlanta’s largest financial institutions offered short-term savers 6 month CD’s between rates of 0.05% at Wells Fargo (www.wellsfargo.com), and 0.25% at SunTrust Bank (www.suntrust.com). SunTrust Bank (www.suntrust.com) also offers the highest CD rates for 2-year CD and 5-year CD, with a return of 0.65% and 1.29% respectively.
CD’s are typically insured up to $250,000 by the FDIC. As CD’s mature, banks typically re-price the rates on deposits. Make sure that you track when your CD’s mature so that you can roll them over into new CD’s and keep your money working as hard as possible.
| Banks | 6 month | 1 year | 2 year | 3 year | 4 year | 5 year |
| SunTrust Bank | 0.25% | 0.45% | 0.65% | 0.85% | NA | 1.29% |
| Wells Fargo | 0.05% | 0.05% | 0.55% | 0.75% | 1.15% | 1.15% |
| Bank of America | 0.20% | 0.35% | 0.40% | 0.60% | 0.85% | 1.09% |
| Regions Bank | 0.05% | 0.10% | 0.20% | 0.30% | 0.50% | 0.60% |
| State Bank & Trust | 0.20% | 0.30% | 0.55% | 0.80% | 0.95% | 1.00% |
| JP Morgan Chase | 0.20% | 0.25% | 0.40% | 0.50% | 0.50% | 1.00% |
| United Bank | 0.25% | 0.50% | 0.65% | 0.95% | 1.10% | 1.25% |
Rates from banks, thrifts and credit union were posted on their websites on the date indicated for a $10,000 certificates of deposit meeting the specific holding requirement. Data is believed accurate at time of collection, can change without notice, and will vary. Contact a specific institution for current rates.
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