Dedicated to Deposits: Deals, Data, and Discussion

4.40% 12-Month / 4.00% 8-Month CD at a Georgia Bank (American United)

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Update 8/09/08: The CD rates have changed. The 12-month CD yield has fallen to 4.40% APY, and they are no longer listing the 18-month and 30-month CDs. There is a new 8-month CD with a yield of 4.00% APY. The rate table states that this 8-month CD is only for Georgia residents. The title has been modified to reflect these changes.

American United Bank has some attractive CD rates. These include a 4.60% APY 12-month CD, a 4.71% APY 18-month CD and a 4.71% APY 30-month CD. The minimum deposit is $1,000. These are also available as an IRA CD.

The rate table also lists competitive rates for the Golden Eagle Money Market Account. The top yield is 4.00% APY for balances over $50,000. A minimum balance of $1,000 is required to avoid a $15/month fee.

My last post on this bank was back in 2006. In that post a reader commented being told by the bank that they could open a CD by mail. I haven't checked with them recently. The bank is located in Lawrenceville, Georgia which is in the northeast suburbs of Atlanta.

The bank has been FDIC insured since 2004 (FDIC Certificate # 57794). Its safe & sound rating has gone down quite a bit since my 2006 post. Bankrate.com now gives it a 1 star (lowest) based on 3/31/08 data. This is down from 4 stars in 2006. BauerFinancial gives it a 3 star rating (adequate) based on 3/31/08 data.
  Tags: money market accounts, Georgia, CD rates, IRA rates

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