5% 12-Month / 4.85% 7-Month CD at a Georgia Bank

American United Bank increased all of its CD rates by 0.15% to 0.20%. It now has some of the best rates in the nation which includes a 5% 12-month CD and a 4.85% 7-month CD. All of the certificates have a minimum deposit requirement of $1K. CDs with terms of one year or longer are available in IRA accounts. Below is the full list of rates and the changes since my last post.

CD Terms  APY    Change
1 month   4.20%  (up from 4.00%)
4 month   4.60%  (up from 4.45%)
7 month   4.85%  (up from 4.70%)
12 month  5.00%  (up from 4.85%)
25 month  5.05%  (up from 4.90%)
37 month  5.10%  (up from 4.95%)
49 month  5.15%  (up from 5.00%)

The bank is located in Lawrenceville, Georgia which is just outside of Atlanta. It's not apparent from the website if you have to be a Georgia resident to open an account.