Dedicated to Deposits: Deals, Data, and Discussion

4.00% 9-Month CD at a Georgia Bank (Cornerstone).

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Update 6/21/08: The CD special has ended. Please check the bank's website for the latest rates and specials.

Cornerstone Bank is offering a special 4.00% APY 9-month CD. The minimum deposit is $5,000, and the maximum deposit is $100,000. The offer is also available for IRA and business accounts.

The bank also has a special offer on a reward checking account that guarantees 3.50% APY through 2008 (see post).

Based on past reports, this bank requires new customers to come into the branch to open accounts. Branches are located in Atlanta and Sandy Springs, Georiga.

The bank has been FDIC insured since 2001 (FDIC Certificate # 35027). It has a 2 out of 5 safe and sound rating (below peer group) at Bankrate.com based on 12/31/07 data. This is down from 4 stars when I reported on this bank in 2006.

  Tags: Georgia, Cornerstone Bank (OK), CD rates

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