4.75% 15-Month CD at a Georgia Bank (First Georgia Community)

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First Georiga Community Bank is offering a special 4.75% APY 15-month CD. The minimum deposit is $500. The special is listed on the bank's front page.

It appears the bank requires a branch visit to open a new account. Branches are located in the Georgia cities of Jackson, Covington, Griffin and Locust Grove which are located about 20 miles southeast of Atlanta.

This is another bank that has been badly hurt by the housing slump. This AJC article notes the high "Texas ratio" of this bank, but it has recently been able to raise capital from its directors. As you would suspect, its financial ratings are low: 0 stars at BauerFinancial and 1 star (lowest) at Bankrate.com. Both are based on 3/31/08 data. The bank has been FDIC insured since 1997 (FDIC Certificate # 34301).

Thanks to the reader who emailed me info on this CD.
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5.92% 6-Month / 5.92% 3-Month CD at a Georgia Bank (First Coweta).
First Coweta Bank is offering 5.92% APY on three special certificates of deposit with terms of 1, 3 and 6 months. The minimum deposit is $500.

I called the bank last Friday and was told that they expected this special to last through this week although the CSR couldn't say for sure. They may be able to open this by mail. Please check with them for more details (contact page). The bank has branches in Newnan and Whitesburg, Georgia.

The bank has been FDIC insured since it was established in 2004.

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5.75% 15-Month CD at a Georgia Bank (First Georgia Community)
First Georgia Community Bank is still offering a special 5.75% APY 15-month certificate of deposit. The minimum deposit is $500. It's also offering a 5.00% APY CD with a term of 30 to 89 days. I had first reported on this special in June. I called last week and confirmed that it's still available. According to the CSR, the rates are usually updated only once a quarter. The early withdrawal penalty is 6 months of intererst. They do require a branch visit to open the CD unless you already have...
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5.75% 15-Month CD at a Georgia Bank
First Georgia Community Bank is offering a special 5.75% APY 15-month certificate of deposit. The minimum deposit is $500. It's also offering a 5.00% APY CD with a term of 30 to 89 days.

The bank has branches in Locust Grove, Jackson and Covington, Georgia which are about 30 miles east and southeast of Atlanta.

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