2.29% 6-Month CD at American Pride Bank in Georgia - Local Only

American Pride Bank is offering a hot 6-month CD special with a 2.29% APY. Minimum deposit is $500. This is listed as the bank's featured product on the front page of the website as of 2/23/2010.

It appears that a branch visit is required to open an account. Branches are located in Macon and Warner Robins, Georgia.

With Georgia being the state with the most bank failures over the last couple of years, it's wise to be a little suspicious of Georgia banks offering high deposit rates. However, American Pride Bank appears to be in decent shape. Bankrate.com gives it a 3-star rating (performing) based on 9/30/09 financial data. BauerFinancial labels the bank as a start-up. The bank has been a FDIC member since 2007 (FDIC Certificate # 58584).