5.25% 7-Month / 5.50% 49-Month CD at a Georgia Bank

American United Bank of Georgia continues to keep their mid and long term CD rates very competitive. The APY for terms of 7 to 12 months is 5.25%. This is an increase of 0.10% since my last post on this bank on April 13. The largest rate increase was on their 49-to-60 month CD. The APY is now 5.50% which is up from 5.25% on April 13th. Below is a list of all the rates and how they've changed since April 13th:

CD Terms  Old APY   New APY   Change
1 month   4.30%     4.30%
4 month   4.70%     4.75%     +0.05%
7 month   5.15%     5.25%     +0.10%
13 month  5.20%     5.30%     +0.10%
25 month  5.25%     5.35%     +0.10%
37 month  5.25%     5.40%     +0.15%
49 month  5.25%     5.50%     +0.25%

The bank is located in Lawrenceville, Georgia which is in the northeast suburbs of Atlanta. American United Bank is a new bank that has only been FDIC insured since December 2004. So there is currently no Bankrate safe and sound rating.