Cornerstone Bank is offering a promotional one-year CD with a rate of 3.25% APY. Minimum deposit is $5,000, and the maximum is $100,000. It's also available for IRA and business accounts. This rate is listed at the bank's promotion page as of 5/06/09.
Based on past reports, this bank requires new customers to come into the branch to open accounts. Branches are located in Atlanta, Decatur and Sandy Springs, Georiga.
The bank's ratings for safety and soundness are weak: 2 stars (problematic) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both ratings are based on 12/31/08 financial data. The bank has been FDIC insured since 2001 (FDIC Certificate # 35027).
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