Dedicated to Deposits: Deals, Data, and Discussion

5.62% 11-Month CD at an Alabama Bank (The Peoples)

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The Peoples Bank of Coffee County has a CD special with a term of 11 months and an APY of 5.62%. The minimum deposit is $1,000 and there is no apparent maximum deposit. It's only available as a regular CD and not an IRA.

I called yesterday and confirmed that this special is still available. The service representative wasn't sure how long it would last. The rep stated that they intend for the CD to be opened at a branch. Branches are located in the southern Alabama cities of Elba, New Brockton and Enterprise.

The bank has been FDIC insured since 1995.

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