4.00% Checking Account With No Debit Card Requirements at First Citizens Bank of Georgia - Local Deal


First Citizens Bank of Georgia is offering 4.00% APY on its Interest Checking Account. The 4% applies to balances of $50K and above. The APY is 3% for up to $10K, 3.25% for $10K to $25K and 3.50% for $25K to $50K. These rates are listed at the bank's rate table as of 3/01/09. The table makes it look that these rates should be valid until 3/31/09. A reader also reported being told by the bank that the rates will not change until 4/1/09. I have no idea if the rate will remain competitive after that.

A reader reported receiving an email informing him that this account is only for local residents. Branches are located in Dawsonville and Cumming, Georgia.

It's a new bank that was established in 2007. Consequently, BauerFinancial doesn't have a rating for the bank (it's labeled as a Start-up). Bankrate.com gives the bank 3 stars (performing) based on 9/30/08 financial data. The bank is a member FDIC (FDIC Certificate # 58421).

Thanks to the readers who mentioned and reviewed this account in the Daily News & Deals post.
Anonymous   |     |   Comment #1
I am coming to Cumming, Georgia, to get that 4%!
7.15% 5-Month CD at a Georgia Bank - $25K Max (First Citizens Bank of Georgia)
First Citizens Bank is offering a 7.15% APY 150 day certificate of deposit to celebrate Dawson County's 150th birthday anniversary. The maximum deposit is $25,000 per household. The minimum deposit is $500. A new checking account is required (They do have a free checking account). This special doesn't seem to be listed at the bank's website. It was published on May 23rd in the Dawson County News. The article is available online here. I called the bank and was told that this special should still be available next week. It...
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