5.50% 9-Month CD at a Georgia Bank - Update

May 19, 2006 - 1:04 PM by Ken Tumin

Sea Island Bank is offering a 5.50% APY 9-month certificate of deposit. The minimum deposit is $5K. The CD is available for personal or IRA accounts. This speical is not listed at the bank's website, but was advertised in the May 17th Savannah Morning News. The ad is available online here.

Sea Island Bank has branches in the Georgia cities of Metter, Statesboro and Savannah.

Georgia doesn't seem to have a shortage of CD deals. Earlier this month I posted on a 5.55% 12-month CD at Security Exchange Bank of Georgia. In this May 4th post I sum up other Georgia CD deals that have been advertised around late April and early May.

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Anonymous - #1, Friday, May 19, 2006 - 2:20 PM

Performance First Savings

Rate Information

Minimum initial deposit is $10,000

Annual Percentage Yield (APY)
Daily Balance APY
$0 - $9,999 2.22%
$10,000 - $24,999 4.43%
$25,000 - $49,999 4.69%
>$50,000 4.79%

APY applies for deposits received by 05/25/2006

APYs current as of 05/25/2006, may change daily. Rates based on Money Fund Report™ 7-Day Net Simple Yield All Taxable Average. Money Fund Report, a service of iMoneyNet, calculates the average performance of hundreds of funds each week. A daily balance of $10,000 or more must be maintained to earn the Money Fund Report rate for that day. USAA Federal Savings Bank may substitute an alternate index if the Money Fund Report is unavailable.

Banking Guy (anonymous) - #2, Friday, May 19, 2006 - 5:18 PM

Thanks for the update. Here's my post on USAA's Performance First Savings account along with the 1% 6-month rate bonus:

USAA post

5.50% 9-Month CD at a Georgia Bank - Update

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