3.00% 9-Month CD at Bartow County Bank in Georgia - Local Only

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Update 11/28/09: The 8-month CD special rate has fallen to 2.00% APY. A checking account is required.

Update 11/07/09: The 8-month CD special rate has fallen to 2.35% APY. A checking account is required.

Update 10/17/09: The new CD special is an 8-month CD with a 2.50% APY. A checking account is required.

Update 8/15/09: The 9-month CD special has ended. However, there's a new CD special with a 3.00% APY and a 15-month term.

Bartow County Bank is offering a special 3.00% APY 9-month CD. Minimum deposit is $1,000, and it doesn't have any other requirements like other CD specials. Rate is listed at the bank's rate table as of 7/3/09.

The bank also has a reward checking account that pays 5.01% APY on balances up to $25,000 (see post).

I called this afternoon and asked if they allow people outside their market area to open accounts. No luck. New customers must be residents or work in their market area (Bartow and Cobb County in Georgia). Branches are located in Cartersville and Acworth.

The bank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial (based on 3/31/09 data) and 2 stars (below peer group) at Bankrate.com (based on 12/31/08 data). The bank has been a FDIC member since 1974 (FDIC Certificate # 21495).

Thanks to Atlanta Wolf who mentioned this special in the daily news and deals post.

Other High Certificate of Deposit Rates
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4.01% Reward Checking Account at Bartow County Bank in Georgia
Update 10/24/09: The top rate has fallen to 4.01% APY.

Bartow County Bank is offering a reward checking account called Possibilities Plus Checking that pays 4.01% APY on balances up to $25,000 (1.01% for above) if the following monthly requirements are met:
  • 10 debit card purchases
  • one ACH debit or deposit
  • receive E-statements
If these are not met, the rate falls to 0.05%. The minimum initial deposit is $100. There are no monthly service charges or minimum balance requirements.

It appears a branch visit is required to open an account. Branches are located in Cartersville and...




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