Resurgens Bank is offering a very competitive rate of 2.90% APY on its 5-year CD and IRA CD. Minimum deposit is $500. I was told by the bank that the early withdrawal penalty is 6 months of interest. This CD rate is listed in the bank's rates page as of 3/28/2011 and is subject to change at anytime.
A branch visit is required to open an account. It's a small bank with one office located in northeast Atlanta.
The bank has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 1.53% (excellent) based on December 2010 data. Please refer to our financial overview of Resurgens Bank for more details. The bank has been a FDIC member since 2008 (FDIC Certificate # 58750).
How It Compares?
For CDs nationally available, the best 5-year CD rate is 3.00% APY at Connexus Credit Union but this requires an active checking account. Without a checking requirement, the best 5-year CD rate is 2.93% APY at Melrose Credit Union. The best 5-year rate at a bank is 2.80% APY at Sovereign Bank. These rates are accurate as of 3/28/2011.
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