Credit Union of Atlanta offering lucrative short term CD Rates

August 14, 2011 No Comments »

Since the FED announced their plans to keep interest rates historically low for at least another two years, we’ve seen CD rates in general sink even further. However, over the weekend a couple readers sent us some still respectably high CD rates coming out of the state of Georgia (from the Credit Union of Atlanta).

As a quick disclaimer, the first thing we noticed when we came to their rate page was that their rates apparently haven’t been updated since February of this year – a time when CD rates as a whole were yielding slightly higher returns. If you live in Georgia, or more specifically Atlanta, and are in the market for a bank CD, you may want to mosey over to a local Credit Union of Atlanta branch or give them a ring to see if the rates are still available. We have a feeling they are probably outdated, but if you contact them about the APY’s they are advertising on their website they may still honor them. You’ll need a minimum deposit of $500 and you’ll have to be a member of the credit union to take advantage of their deposit products.

Credit Union of Atlanta CD Rates:

(Rates advertised here as seen on August 13, 2011.)

Terms
Dividend Rate
Annual Percentage Yield
6 months
1.00%
1.03%
12 months
1.50%
1.53%
18 months
1.50%
1.53%
24 months
1.50%
1.53%
30 months
1.50%
1.53%
36 months
2.50%
2.52%
42 months
2.50%
2.52%
48 months
2.50%
2.52%
54 months
2.50%
2.52%
60 months
2.75%
2.78%

To put the offers above in perspective the current national average for 12 month CDs and 3 year CDs sit at roughly 0.88% APY and 1.30% APY, respectively. You can also compare these rates with other CD rates in Georgia from our archives.

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