Dedicated to Deposits: Deals, Data, and Discussion

0.88% Reward Checking Account at The Bank of Georgia


The Bank of Georgia
Update 11/12/09: The top rate has plummeted to 0.88% APY. Refer to the bottom of the post for the rate history.

The Bank of Georgia is offering a rewards checking account that pays 0.88% APY on balances up to $25,000 (0.88% for above) and refunds ATM fees nationwide if the following monthly requirements are met:
  • 10 check card purchases
  • one direct deposit or automatic payment
  • receive statements electronically
If these are not met, the rate falls to 0.25%. Minimum initial deposit is $100. There are no monthly service fees and no minimum balance requirements.

There's an online application, but a branch visit appears to be required to complete the account opening process. Branches are located 10 to 30 miles southwest of Atlanta in the cities of Peachtree City, Fayetteville, Newnan, Tyrone, Sharpsburg and Fairburn.

The bank has been FDIC insured since 2000 (FDIC Certificate # 35259).

Thanks to the reader who mentioned this account in the comments.

Other Reward Checking Accounts

To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.

Rate History:
11/12/09: 0.88% APY up to $25K; 0.88% over
09/10/09: 4.01% APY up to $25K
01/25/09: 5.25% APY up to $25K; 1.01% over; 0.25% base

Related Pages: Georgia, The Bank of Georgia, checking account, reward checking account

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Comment #1 by Atlanta Wolf (anonymous) posted on
Atlanta Wolf
Easy to open! Their in-Kroger supermarket branch open 9-7 Mon-Sat, and they gave me first box of checks free (unusual with reward checking accounts).

Clean chex required as well as hard pull with 620 or better.

Comment #2 by Google Group (anonymous) posted on
Google Group
According to their Check/ATM Card webpage (, you can't use your debit card in California or New York. Plus, several other countries without calling their customer service rep first.

Never heard of not being able to use your debit card in the United States.

Comment #3 by Anonymous posted on
I was mad at them when I checked my balance today, to see that the rate was listed at 3.94 as of 9/11 (4.01 APY); but to their credit, they did hold the 5.25% for a full year, and it is .01% better than the other Atlanta bank with rewards checking (Brookhaven Bnk). Am about to open a 2nd account, as I have over $25k in savings and maintaining multiple accounts is easy within their website, not even requiring a trip to the bank. Otherwise, Brookhaven Bank would be the logical choice since they pay 4% APY on $50k.

Comment #4 by Anonymous posted on
If I read the revamped website correctly, they are effectively shutting down their Reward Checking offering much like Charter Bank and Memphis Area Teachers CU. First two tiers are 0.88% APY. BIG DROP!!

Comment #5 by Banking Guy (anonymous) posted on
Banking Guy
Thanks. That is a huge drop.

Comment #6 by Anonymous posted on
Another copycat of Charter!

Comment #7 by Atlanta Wolf (anonymous) posted on
Atlanta Wolf
I closed my account and took my money across the street. Charter Bank offers 5.01%, plus free toolset gift plus debit and checkbook buybacks.