Top 4-Month CD Special at Bank of Georgetown in the DC Metro Area

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Bank of Georgetown is offering a very competitive 4-month CD special with a 1.60% APY. Minimum deposit is $1,000. The bank has a few other longer-term CD specials, but they're not that competitive. This 4-month CD special is listed in the bank's deposit rate sheet (pdf) as of 6/14/2010. The rate sheet has a November 2009 date, so I contacted the bank today and confirmed that these rates are up-to-date.

The bank has long been offering this 4-month CD special. My last post on this bank was 3 years ago when the rate was 5.50% APY (the good old days).

It appears that a branch visit is required to open an account. Branches are located in Washington DC, Arlington, VA and in Bethesda, MD.

The bank's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial, 4 stars (sound) at Bankrate.com, and a health score of 4 out of 5 at DepositAccounts.com (see our Bank of Georgetown rates and reviews page). These ratings are based on 3/31/10 data except for Bankrate which is still based on 12/31/09 data. The bank has been a FDIC member since 2005 (FDIC Certificate # 57941).

Comments


o grady
o grady (anonymous)   |     |   Comment #2
i would not wish i could vote more
KenBDG
KenBDG   |     |   Comment #3
@anonymous #1, this post describes what may be behind that 3.85% 6mo CD.
Anonymous
Anonymous   |     |   Comment #4
Thanks, KenBDG! I believe that is exact what it is.
Anonymous
Anonymous   |     |   Comment #5
I live in the DC area and have never heard of this bank before.  It seems to have a branch office in the waterfront area of Georgetown.  I went to high school in this area so a lot has changed since that time.  All of the branches are located in the "high class" parts of the city and DC suburbs, so I guess the customer base is predominantly rich WASP.
5.50% 4-Month CD at a DC Bank (Bank of Georgetown)
Bank of Georgetown is offering a special 5.50% APY 4-month certificate of deposit. There's also a special 5.30% APY 7-month CD. The minimum deposit is $1,000.

Branches are located in Washington, DC. The bank is FDIC insured (FDIC Certificate # 54941). It's a new bank that was established in 2005.

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