6.25% 6-Month CD at a Georgia Bank (Cornerstone).
Jan 6, 2007 - 3:38 PM by Ken Tumin
Cornerstone Bank is having a holiday promotion in which you can get an extra 0.25% on top of their current 6.00% APY 6-month certificate of deposit by bringing in a new unwrapped toy as a donation to their Toy Bank. The 6.25% CD toy promo is good through 12/31/06. The 6.00% CD promo is good through 2/28/07. The minimum deposit is $5K and the maximum is $100K. The offer is good for consumer (regular or IRA) and business accounts. There's also a 5.85% APY 11-month CD special with the same requirements as above.
The bank has branches in Atlanta and Sandy Springs, Georiga. From their website it's not clear if they require a branch visit to open the CD or if they accept out-of-state deposits. Please leave a comment if you are able to contact the bank.
The bank has been FDIC insured since 2001. It has a 4 out of 5 safe and sound rating (sound) at Bankrate.com.
[Edit 1/6/07: This 6.00% promotion ended early.]
The bank has branches in Atlanta and Sandy Springs, Georiga. From their website it's not clear if they require a branch visit to open the CD or if they accept out-of-state deposits. Please leave a comment if you are able to contact the bank.
The bank has been FDIC insured since 2001. It has a 4 out of 5 safe and sound rating (sound) at Bankrate.com.
[Edit 1/6/07: This 6.00% promotion ended early.]
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Anonymous - #1, Tuesday, December 19, 2006 - 8:16 AM
I called the bank and was told that they don't open new account for the out of state customers.
They want to see them in person.
I was told this is the bank's policy.
Anonymous - #2, Tuesday, December 19, 2006 - 4:57 PM
Many out of state calls reported by the bank clerk who also checked with the branch manager that they do NOT accept power attorney.
My friend will be at the branch in person tomorrow. I intend to have her to hook me up with the manager directly. I will keep you updated if I can persuade the branch manager on the phone.
Anonymous - #3, Friday, January 5, 2007 - 10:27 AM
the 6% is no longer available... earlier, the expiration date on this was 2/28/2007; however, they told me yesterday (sandy springs branch) that they are no longer doing that promotion!!
Banking Guy (anonymous) - #4, Friday, January 5, 2007 - 6:28 PM
Thanks for the info. Sorry to see them end the promo early.
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