Best 1 year CD rate found at North Carolina bank
Warning: The rates featured on this page are likely outdated. Visit our CD Rates Center for updated rates and special offers.
BankVibe reader Glenn tipped us off on a fantastic certificate of deposit product being offered through the Bank of Granite in North Carolina. Currently, they are paying out 2.45% APY on 12 month CDs with a minimum deposit of $5,000 required. To put this offer in perspective, the national average for 1 year CD’s sits at roughly 1.55% APY.
Bank of Granite is member FDIC and imposes a fee for early withdrawal on their deposit products. (Penalty is six months of the accumulated interest)
After digging through the rest of Bank of Granite’s savings rate promotions, we found two additional products which definitely deserve mentioning…
- They have a 6 month CD yielding 1.75% APY with a minimum deposit of $5,000 required. The current national average for six month CD’s sits at roughly 1.05% APY.
- They also have a “premium money market account” which is yielding 1.50% APY on balances of $15,000 or greater. The national average for money market rates sits at 1.03% APY
Bank of Granite serves Western North Carolina from the Piedmont to the Mountains with 20 offices in eight counties. They have locations in Catawba County, Caldwell County, Burke County, Mecklenburg County, Watauga County, Wilkes County, Forsyth County, and Iredell County.
A couple months ago we made note of the best CD rates in North Carolina and BankVibe reader Glenn left a comment noting that he has called the bank and confirmed this deal.
