This was advertised in the 6/17/10 Macon Telegraph (click on details link to see ad).
My Choice CD:
2.25% APY, 36-month CD, $500 min:
Each year on the anniversary date of date of your purchase, you can choose to:
- Keep the rate you started with, OR
- Change it to the current 12-month rate
One potential issue is that the 12-month CD rate could be low. For example if after 1 year it's only 1% APY, the average 2-year yield would fall to 1.63%.