| Bank or Credit Union | Apy | Min | Max | Product | |
| Affinity Bank | 1.35%† | $10k | - | 60 Month CD | |
| Affinity Bank | 1.15%† | $10k | - | 48 Month CD | |
| Affinity Bank | 0.95%† | $10k | - | 36 Month CD | |
| Affinity Bank | 0.90%† | $100k | - | Affinity Money Market | |
| Affinity Bank | 0.75%† | $10k | - | 24 Month CD | |
| Affinity Bank | 0.60%† | $10k | - | 18 Month CD | |
| Affinity Bank | 0.55%† | $10k | - | 12 Month CD | |
| Affinity Bank | 0.35%† | $10k | - | 6 Month CD |
Competitive Money Market and CD Rates at Affinity Bank - Georgia Only
Affinity Bank continues to offer very competitive money market and CD rates. The money market rates have gone down a little since my last report of this bank in September. The money market's top rate is currently 1.40% APY on balances of at least $100K. Below is the full list of rate tiers:
Money Market Rates as of 4/11/2011:
- 1.11% APY $2.5K to $10K
- 1.20% APY $10K to $25K
- 1.30% APY $25K to $100K
- 1.40% APY $100K and above
Last September the bank's short-term CD rates were very high compared to what other banks were offering. Now they're more inline with the others, but they remain competitive. Below is the full list of the CD rates:
Certificate of Deposit Rates as of 4/11/2011
- 1.11% APY 6-month CD
- 1.30% APY 12-month CD
- 1.35% APY 18-month CD
- 1.56% APY 24-month CD
- 1.88% APY 36-month CD
- 2.08% APY 48-month CD
- 2.44% APY 60-month CD
Online Application - Georgia Only
You can open the accounts online via the Andera service, which is a common service for online applications. The link to the online application is located on the bank's front page. The application only allows Georgia residents to apply. It provides a list of dozens of Georgia zip codes, and it requires you to select one of them.
Bank Overview
It's a small bank with one office located in Atlanta.
The bank used to have the name Atlanta Business Bank. It's financial health has gone down a bit since my last report. It now has an overall health score at DepositAccounts.com of 1 star (out of 5) with a Texas Ratio of 129.47% (poor) based on December 2010 data. Please refer to our financial overview of Affinity Bank for more details. The bank has been a FDIC member since 2002 (FDIC Certificate # 57264).
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