2.25% 11-Month CD & 3.70% 59-Month CD at CharterBank in GA & AL - Local Only

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CharterBank is offering two competitive rates on its CD specials: 2.25% APY for 11 months and 3.70% APY for 59 months. Minimum deposit is $1,500. The 59-month CD also has a bump-up feature. These rates are listed in the bank's rates page as of 12/09/09.

Last month I posted on CharterBank's reward checking account. It's still paying 5.01% APY on balances up to $25,000 if the typical reward checking requirements are met.

A branch visit is required to open an account. Branches are located in the Georgia cities of West Point, Newnan and Lagrange, and in the Alabama cities of Valley, Auburn and Opelika.

The bank's ratings for safety and soundness are mixed: 4 stars (excellent) at BauerFinancial (based on 9/30/09 data) and 2 stars (below peer group) at Bankrate.com (based on 6/30/09 data) The bank has been a FDIC member since 1954 (FDIC Certificate # 30720).

Other Competitive Certificate of Deposit Rates
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High-Yield Reward Checking Account at CharterBank in GA & AL - Local Only

Update 10/21/10: The top rate has fallen to 3.51% APY and the balance cap has fallen to $15K.

CharterBank is offering a high-yield rewards checking account with the following rates and features of certain monthly requirements are met:

  • 3.51% APY on balances up to $15,000
  • 0.80% APY on portion of balance over $15,000
  • 0.10% base rate if monthly requirements are not met
  • ATM fee refunds up to $20 per cycle

The monthly requirements include:

  • 10 check card purchases
  • 1 direct deposit or automatic payment
  • Enroll and receive online statements

Additional features of the account regardless of the monthly requirements include:

  • $50...
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5.25% 35-Month CD at an Alabama/Georgia Bank (CharterBank).
Update 1/19/08: The rate has gone down. Please refer to the bank's website for the latest rates.

CharterBank is offering a special 5.25% APY 35-month CD. The minimum deposit is $1,500. In addition, there's a special 10-month CD with a yield of 5.00% APY.

The bank's certificate of deposit page has the Truth in Savings disclosure with the details of their CDs. For CDs with terms less than 12 months, interest is not compounded and will be credited to your account at maturity. For CDs with an account term of 12 months...



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