2.25% 11-Month CD & 3.70% 59-Month CD at CharterBank in GA & AL - Local Only

CharterBank is offering two competitive rates on its CD specials: 2.25% APY for 11 months and 3.70% APY for 59 months. Minimum deposit is $1,500. The 59-month CD also has a bump-up feature. These rates are listed in the bank's rates page as of 12/09/09.

Last month I posted on CharterBank's reward checking account. It's still paying 5.01% APY on balances up to $25,000 if the typical reward checking requirements are met.

A branch visit is required to open an account. Branches are located in the Georgia cities of West Point, Newnan and Lagrange, and in the Alabama cities of Valley, Auburn and Opelika.

The bank's ratings for safety and soundness are mixed: 4 stars (excellent) at BauerFinancial (based on 9/30/09 data) and 2 stars (below peer group) at Bankrate.com (based on 6/30/09 data) The bank has been a FDIC member since 1954 (FDIC Certificate # 30720).

Other Competitive Certificate of Deposit Rates

• CD rates at DepositAccounts.com
• My weekly list of hot nationwide and local CD deals