According to a recent Primerates.com survey conducted on February 6, 2012 of Atlanta CD rates offered by the area banks & credit unions, Atlanta’s largest financial institutions CD rates remain practically unchanged from the previous week. Atlanta banks offered short-term savers 6 month CD’s with rates between 0.05% at Wells Fargo (www.WellsFargo.com) and 0.25% at SunTrust Bank (www.Suntrust.com) and United Bank (www.AccessUnited.com). United Bank also continues to offer higher rates for all longer-term CD maturities, ranging from .60% 1-year CD’s to 1.45% for a 5-year CD. Regions Bank (www.Regions.com) has decreased the returns on several of their longer-term maturities from the previous week.
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 months||1 year||2 year||3 year||4 year||5 year|
|Bank of America||0.20%||0.35%||0.40%||0.60%||0.85%||1.19%|
|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%|
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.