Charter Bank CD Rate (certificate of deposit) Specials!
Warning: The rates featured on this page are likely outdated. Visit our CD Rates Center for updated rates and special offers.
Charter Bank, out of Georgia, has a few noteworthy CD (certificate of deposit) promotional rates currently available with deposits of $1,500 or greater. Thanks to BankVibe.com reader Chad for submitting this offer!
First, for those who are unfamiliar with Charter Bank they have physical branch locations in just two states (Georgia and Alabama) and can accept local deposits. They are federally insured by the FDIC (FDIC number 30720) and have been around since 1954.
As of April 6, 2010 they have the following CD rate promotions available to both new and existing customers:
1) 11 month CD yielding 1.79% APY with a minimum deposit of $1,500. To put this offer in perspective, the current national average for 12 month CD’s sits at just 1.17% APY.
2) 35 month CD yielding 2.47% APY, compounded daily with a minimum deposit of $1,500. The national average for 36 month CD rates sits at roughly 1.95% APY.
3) 20 month “Added Advantage” CD yielding 2.18% APY, compounded daily with a minimum deposit of $1,500. We are not exactly sure what the “added advantage” feature entails and their website lacks details, however, we would venture to guess you will need to combine this offer with another one of their deposit products.
4) 59 month “bump up” CD yielding 3.50% APY, compounded daily with a minimum deposit of $1,500. Again, their website lacks details as to what the “bump up” feature consits of, however, we also believe this may need to be combined with another one of their deposit offerings.
For further information on these promotional certificates of deposit visit their website.
