Georgia Banking Company
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.95% | Reward Checking | 2.15% - National Average |
| 1.25% | Reward Savings | 0.98% - National Average |
| 3.20% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
Georgia Banking Company is headquartered in Atlanta and is the 39th largest bank in the state of Georgia. It is also the 1,942nd largest bank in the nation. It was established in 2001 and as of December of 2018, it had grown to 108 employees at 2 locations. Georgia Banking Company's money market rates are 4X the national average, and it has a B+ health rating.
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Great Little Bank . . .
I'm surprised this wonderful Atlanta-based bank doesn't get more love. They just dropped their 5-year CD rate by 30 bps, but at 3.5%, they were among the very best, with a low 180 day EWP. The rates still aren't bad. Extremely nice, personal service.
Great Customer Service
I recently found Georgia Banking Company on this website because of their high rates, boy am I happy that I did. They have the best service, any time I ever had to call they pick up almost immediately and are very knowledgeable. I would recommend giving them a try!
Kasasa Checking Requirements
I called before opening a reward checking account to get as much info as possible. Reps were very pleasant, however, the opening process requires the use of separate email / DocuSign system. You will likely be required to scan & upload ID and utility statements, etc. They did not inform me that an Equifax credit pull would be required until I was most of the way through the process (second day). Very disappointing as I keep my credit reports frozen and had to jump through a bunch of hoops.and wait an even longer period of time. For those who want simplicity or don't want a credit pull, you'll want to avoid. Thanks.
Restrictions On ACH Transfer And Beneficiary Designation
Wanted to open an online CD and called the customer service. The staff was great, but they informed me that they have $25000 limit on ACH transfer for funding the account. Anything more, you have to MAIL a check. Also, no beneficiary designation available during online application. Once the account is funded, you have to call them to add a beneficiary. A bit of hoops to go through...
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57071 |
| Year Established | 2001 |
| Employees | 108 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.2% |
| Return on Equity - YTD | 12.96% |
| Annual Interest Income | $22.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $350.1MM$499.1MM |
| Loans | Q4 2018vs Q4 2017 | $272.1MM$436.0MM |
| Deposits | Q4 2018vs Q4 2017 | $302.9MM$390.5MM |
| Equity Capital | Q4 2018vs Q4 2017 | $41.8MM$38.0MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $1.6MM$1.8MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $5.8MM$4.8MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $2.2MM$2.7MM |
Always verify rates and promotions with the bank or credit union. We are not Georgia Banking Company; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Georgia Banking Company Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.25%* | - | $50k | Kasasa Saver | ||
| OTHER TIERS: 1.00% → $50k+ | |||||
| 0.75% | - | - | GBC IRA Savings | ||
Georgia Banking Company Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.75% | - | - | GBC Platinum Money Market Account | ||
| 1.00%* | $25k* | - | GBC Commercial Money Market | ||
| OTHER TIERS: 0.50% → $1k - $25k | |||||
Georgia Banking Company Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.95%* | - | $25k | Kasasa Cash | ||
| OTHER TIERS: 1.00% → $25k+ | |||||
| 0.75% | - | - | GBC Gold Checking | ||
Georgia Banking Company CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.20% | $500 | - | 5 Year Certificate | |
| 3.10% | $500 | - | 4 Year Certificate | |
| 3.00% | $500 | - | 3 Year Certificate | |
| 2.95% | $500 | - | 2 Year Certificate | |
| 2.75% | $500 | - | 18 Month Certificate | |
| 2.50% | $500 | - | 1 Year Certificate | |
| 1.85% | $500 | - | 180 Day Certificate | |
| 1.25% | $500 | - | 90 Day Certificate |
Georgia Banking Company IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.20% | $500 | - | 5 Year IRA Certificate | |
| 3.10% | $500 | - | 4 Year IRA Certificate | |
| 3.00% | $500 | - | 3 Year IRA Certificate | |
| 2.95% | $500 | - | 2 Year IRA Certificate | |
| 2.75% | $500 | - | 18 Month IRA Certificate | |
| 2.50% | $500 | - | 1 Year IRA Certificate | |
| 1.85% | $500 | - | 180 Day IRA Certificate | |
| 1.25% | $500 | - | 90 Day IRA Certificate |
| Georgia Banking Company Locations | ||
|---|---|---|
| Griffin Branch | 1624 North Expressway | Griffin, GA 30223 |
| Georgia Banking Company | 6190 Powers Ferry Road | Atlanta, GA 30339 |