2.45% 12-Month CD at Bank of Granite in North Carolina - Local Only

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Update 12/27/09: The 12-month special CD rate has fallen to 2.25% APY.

Bank of Granite continues to offer one very competitive CD. It's a 12-month CD with a 2.45% APY. Last month this special had a 12-month term. There's also 1.75% APY 6-month CD. Minimum deposit is $5,000. These specials are listed on the bank's front page as of 12/16/2009.

Bank of Granite continues to offer a reward checking account that pays 4% APY on balances of $25K as of 12/16/09. I have more details on this account in this post.

It appears a branch visit is required to open an account. Branches are located in several North Carolina cities including Winston Salem, Hickory, Granite Falls, Charlotte, and Wilkesboro.

Bank of Granite's ratings for safety and soundness continue to be a little weak: 2 stars (problematic) at BauerFinancial (based on 9/30/09 data) and 1 star (lowest) at Bankrate.com (based on 6/30/09 data). The bank has been a FDIC member since 1934 (FDIC Certificate # 5950).

Other Competitive Certificate of Deposit Rates
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2.45% 15-Month CD at Bank of Granite in North Carolina - Local Only
Bank of Granite has a new CD promotion with three competitive CD rates: 2.45% APY for 15 months, 2.25% APY for 12 months and 1.95% APY for 9 months. Minimum deposit is $5,000. These specials are listed on the bank's front page as of 11/16/2009.

Bank of Granite continues to offer a reward checking account that pays 4% APY on balances of $25K as of 10/16/09. I have more details on this account in this post.

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



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2.25% 13-Month CD & 1.95% 7-Month CD at Bank of Granite in North Carolina - Local Only
Bank of Granite is offering two competitive CD specials: a 2.25% APY 13-month CD and a 1.95% APY 7-month CD. Minimum deposit is $10,000. There's also a money market account with a 1.50% APY for balances of at least $15,000. These specials are listed on the bank's front page as of 10/01/09.

Bank of Granite also has a reward checking account that pays 4% APY on balances of $25K as of 10/01/09. I have more details on this account in this post.

It appears a branch visit is required to open an...



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0.85% Reward Checking Account at Bank of Granite in North Carolina

Update 3/02/10: The top yield has fallen to 0.85% APY. Refer to the bottom of the post for the rate history.

Bank of Granite is offering a reward checking account called Granite Green Checking. It pays 0.85% APY on balances up to $25,000 (0.50% for above) and refunds ATM fees nationwide if the following monthly requirements are met:

  • 10 Visa check card purchases
  • one direct deposit or one automatic payment
  • receive electronic statements

If these are not met, the rate falls to 0.10%. The minimum opening deposit is $100. There are no minimum balance requirements,...



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3.01% Reward Checking Account at a North Carolina Bank (CommunityOne)
Update 12/16/09: The top yield has fallen to 3.01% APY. Refer to the bottom of the post for the rate history.

CommunityOne Bank is offering a reward checking account called CheckingOne that pays 3.01% APY for balances up to $25,000 (1% for over) and refunds ATM fees if the following monthly requirements are met: 1) 10 debit card purchases, 2) one direct deposit, one auto ACH debit or one online bill payment, and 3) receive E-statements. If these are not met, the rate falls to 0.10%. There are no monthly fees...

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