Update 1/19/08: The rate has gone down. Please refer to the bank's website for the latest rates.
CharterBank is offering a special 5.25% APY 35-month CD. The minimum deposit is $1,500. In addition, there's a special 10-month CD with a yield of 5.00% APY.
The bank's certificate of deposit page has the Truth in Savings disclosure with the details of their CDs. For CDs with terms less than 12 months, interest is not compounded and will be credited to your account at maturity. For CDs with an account term of 12 months or greater, interest is compounded daily and will be credited your account quarterly. Early withdrawal penalty is 91 days of interest on the amount withdrawn for terms of one year or less. Longer terms have a penalty of 6 months interest.
This CD page also has an "Apply Now button". However, at the bottom of the application, it states that you have to print the application and bring it to a branch. So it looks like a local deal.
Branches are located in several Georgia and Alabama cities. The bank has been FDIC insured since 1954 (Certificate # 30720).