The 1.10% APY 6 month CD is certainly not extinct in Georgia.
We recently rounded up the top short term CD’s from Georgia based banks (namely 6 month CD’s) are were delighted, and a tad surprised, to see a number of financial institutions still keeping their heads above 1.0% on these products.
Of course in any normal interest rate environment, no money saver would ever be ‘thrilled’ to hear about measly 1 percent returns on bank deposits, but if you put this in perspective with today’s near zero percent landscape, it’s fairly impressive – and hopefully setting a precedent.
To put the yields featured below from Georgia banks in further perspective, take a look at some recent surveys of top 12 month and 6 month CD rates we’ve conducted during the last few months:
- Top 6 month CD’s in Omaha, NE, sitting at just 0.85% APY.
- Oklahoma CD rate deals on short term deposits. Top 6 month CD’s sitting at 1.0% and top 12 month CD’s at 1.21%.
- Utah’s 12 month CDs providing yields of just 0.80% APY.
The average yield on six month deposits throughout the country currently sits at 0.44% APY as of the end of 2011 while twelve month CD’s are sitting at 0.74% APY.
Today’s Best 6 Month CD Rates in Georgia:
(Rates accurate as of December 2011)
- Bank of Dawson (Dawson, GA) featuring 6 month CD’s with APY’s of 1.15% requiring a minimum deposit of $1,000.
- First State Bank of Randolph County (Shellman, GA) featuring 6 month CD’s with APY’s of 1.15% requiring a minimum deposit of just $500.
- Commercial State Bank (Donalsonville, GA) featuring 6 month CD’s with APY’s of 1.10% requiring a minimum deposit of $1,000.
- Farmers and Merchants Bank (Valdosta, GA) featuring 6 month CD’s with APY’s of 1.10% requiring a minimum deposit of $1,000.
- Flint River National Bakn (Camila, GA) featuring 6 month CD’s with APY’s of 1.01% requiring a minimum deposit of $1,000.
