Dedicated to Deposits: Deals, Data, and Discussion

5.70% 12-Month / 5.70% 6-Month CD at a Georgia Bank (American Southern)


American Southern Bank continues to offer high rates on many certificate of deposit terms. The best rate is 5.70% APY for terms of 6, 9 and 12 months. CDs with terms from 24 to 60 months have a yield of 5.55% APY. The 3 month CD is also competitive with a yield of 5.25% APY. All have a minimum deposit of $500 and are also available as in an Individual Retirement Account. These rates are close to my last report on this bank in April.

The bank is located in Roswell, Georgia which is just north of Atlanta. The rates page states that the bank does not accept out-of-state funds.

The bank was just established in 2005. It is FDIC insured (FDIC Certificate # 57943).

  Tags: Georgia, CD rates

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