Update 12/27/09: The 12-month special CD rate has fallen to 2.25% APY.
Bank of Granite continues to offer one very competitive CD. It's a 12-month CD with a 2.45% APY. Last month this special had a 12-month term. There's also 1.75% APY 6-month CD. Minimum deposit is $5,000. These specials are listed on the bank's front page as of 12/16/2009.
Bank of Granite continues to offer a reward checking account that pays 4% APY on balances of $25K as of 12/16/09. I have more details on this account in this post.
It appears a branch visit is required to open an account. Branches are located in several North Carolina cities including Winston Salem, Hickory, Granite Falls, Charlotte, and Wilkesboro.
Bank of Granite's ratings for safety and soundness continue to be a little weak: 2 stars (problematic) at BauerFinancial (based on 9/30/09 data) and 1 star (lowest) at Bankrate.com (based on 6/30/09 data). The bank has been a FDIC member since 1934 (FDIC Certificate # 5950).
Other Competitive Certificate of Deposit Rates
- CD rates at DepositAccounts.com (overview of DepositAccounts.com)
- My weekly list of hot nationwide and local CD deals