|0.30*%||$250k||-||Fidelity Bank (Atlanta, GA)||Personal Savings|
|0.30*%||$250k||-||Fidelity Bank (Atlanta, GA)||Business Savings|
Fidelity Bank is offering a savings account with a competitive rate for large balances. It's a tiered account that pays the top rate of 1.75% APY for a minimum balance of $100K. The rate drops to 1.25% APY for $50K to $100K and to 1.00% APY for lower balances. This is available for both personal and business accounts. The rates are listed at the bank's rates page as of 4/15/2010.
It appears that a branch visit is required to open an account. Branches are located throughout the Atlanta Metro area. Also, there's one branch in Jacksonville, Florida.
The bank's ratings for safety and soundness are a little weak: 3 stars (adequate) at BauerFinancial (based on 12/31/09 data) and 2 stars (below peer group) at Bankrate.com (based on 9/30/09 data). The bank has been a FDIC member since 1974 (FDIC Certificate # 21440).
Thanks to the reader who emailed me news of this bank and savings account.
Best Savings Accounts in Atlanta
There continues to be a good money market account deal in Atlanta at Georgia Primary Bank which is offering a money market account with a top rate of 2.30% APY for a minimum balance of $100K as of 4/15/2010.
For other top savings account rates available in Georgia or nationwide, please refer to the Savings Accounts section of DepositAccounts.com.