Best CD Rates in Georgia

When searching for the best Certificate of Deposit (CD) rates in Georgia, investors know it is about more than just finding a place to park their money. It’s about making a strategic decision to grow their savings with a reliable financial product.

Georgia, with its diverse financial landscape ranging from large national banks to local credit unions, offers a variety of options for those looking to optimize their savings.

Here is a most comprehensive guide that will explore the top CD rates available in Georgia. It helps you to make an informed decision to maximize your savings potential.

Overall Best CD rates in Georgia

No.	Name of the Bank	APY %	Term Length	Address
1	Atlanta Postal Credit Union	5.25%	6-month	111 John Wesley Dobbs Ave NE Atlanta, GA 30303
2	LGE Community Credit Union	5.15%	6-month	3100 Cumberland Blvd SE Atlanta, GA 30339
3	Beal  Bank USA	5.05%	6-month	4511 Olde Perimeter Way Atlanta, GA 30346
4	Powerco Federal Credit  Union	5.00%	3-month	285 Newton Bridge Rd Athens, GA 30607
5	Beal Bank USA	4.96%	3-month	4511 Olde Perimeter Way Atlanta, GA 30346
6	Powerco Federal Credit  Union	4.90%	6-month	241 Ralph McGill Blvd NE Atlanta, GA 30308
7	Queensborough National  Bank & Trust	4.80%	6-month	113 E Broad St, Louisville, GA 30434
8	The Piedmont Bank	4.80%	36-month	5100 Peachtree Pkwy, Norcross, GA 30092
9	Associated Credit Union	4.75%	6-month	1050 Techwood Dr NW Atlanta, GA 30318
10	Georgia’s Own Credit Union	4.75%	6-month	881 Peachtree St NE Atlanta, GA 30309
11	Excel Federal Credit Union	4.67%	6-month	61 Forsyth St SW Atlanta, GA 30303
12	Fort McPherson Credit  Union	4.67%	6-month	1732 Walker Ave SW Atlanta, GA 30310
13	Fidelity Bank	4.60%	48-month	3490 Piedmont Rd NE, Atlanta, GA 30305
14	Community Bank of Georgia	4.50%	3-month	700 W Parker St Baxley, GA 31513
15	First National Bank South	4.50%	3-month	914 Peterson Ave S Douglas, GA 31533
16	Wells Fargo Bank,  National Association	4.50%	3-month	1 W Court Sq Decatur, GA 30030
17	First National Bank of Georgia	4.50%	36-month	Online
18	ServisFirst Bank	4.43%	3-month	9340 The Landing Dr Douglasville, GA 30135
19	Talbot State Bank	4.41%	3-month	710 Glynn St N Fayetteville, GA 30214
20	Heritage Bank	4.41%	6-month	101 N Main St, Jonesboro, GA 30236
21	Bank OZK	4.40%	6-month	17901 Chenal Pkwy, Little Rock, AR 72223
22	Atlantic Capital Bank	4.36%	3-month	945 E Paces Ferry Rd NE #1600, Atlanta, GA 30326
23	Digital Federal Credit Union	4.34%	3-month	2905 Jordan Ct Alpharetta, GA 30004
24	BankSouth	4.33%	6-month	3290 Northside Pkwy NW Atlanta, GA 30327
25	Etowah Valley Federal Credit Union	4.32%	3-month	134 E Felton Rd PO Box 1090 Cartersville, GA 30120
26	HealthCom Federal Credit Union	4.32%	3-month	1412 Chattanooga Ave Dalton, GA 30720
27	North Main Credit Union	4.32%	3-month	655 Ethicon Cir Cornelia, GA 30531
28	Georgia Banking Company	4.07%	6-month	6190 Powers Ferry Rd NW Atlanta, GA 30339
29	Georgia Banking Company	4.06%	24-month	6190 Powers Ferry Rd NW, Suite 150, Atlanta, GA 30339
30	Peach State Federal  Credit Union	4.05%	5-years	1505 Lakes Pkwy #100, Lawrenceville, GA 30043
31	Georgia Banking Company	4.02%	3-month	1624 N Expressway Griffin, GA 30223
32	Eagle Bank and Trust	4.01%	6-month	Online
33	Atlanta Postal Credit Union	4%	3-month	111 John Wesley Dobbs Ave NE Atlanta, GA 30303
34	GeoVista Federal Credit  Union	4.00%	3-month	60 Exchange St Richmond Hill, GA 31324
35	Macon Water Works Credit Union	4.00%	3-month	918 Martin Luther King Jr Blvd Macon, GA 31201
36	State Bank and Trust  Company	4.00%	6-month	1349 W Peachtree St NW Atlanta, GA 30309
37	Signature Bank of Georgia	4.00%	6-month	6065 Roswell Road, Suite 110 & 600, Sandy Springs, GA 30328
38	Bank of America, National  Association	3.93%	3-month	3455 Peachtree Rd NE Atlanta, GA 30326
39	LGE Community Credit Union	3.93%	24-monh	430 Commerce Park Dr SE, Marietta, GA 30060
40	Legacy State Bank	3.92%	3-month	3825 Harrison Rd Loganville, GA 30052
41	The Southern Credit Union	3.91%	12-month	430 Commerce Park Drive, Fayetteville, GA 30214
42	United Bank	3.90%	12-month	685 Griffin Street, Zebulon, GA 30295
43	Planters First Bank	3.82%	15-month	1620 E 16th Avenue, Cordele, GA 31015
44	State Bank and Trust  Company	3.69%	6-month	Online
45	Georgia Primary Bank	3.54%	6-month	3880 Roswell Rd Atlanta, GA 30342
46	Woodforest National Bank	3.35%	6-month	2427 Gresham Rd SE Atlanta, GA 30316
47	Coastal States Bank	3.15%	3-month	5 Bow Circle, Hilton Head Island, SC 29928
48	Republic Bank & Trust  Company	3.05%	24-month	Online
49	PenFed Credit Union	3.00%	6-month	Online
50	CitiBank	3.00%	3-month	Online
51	Affinity Bank	3.00%	24-month	5660 New Northside Dr NW, 3rd floor, Atlanta, GA 30328
52	The Brand Banking Company	2.96%	6-month	Online
53	BB&T  (now part of Truist)	2.86%	3-month	214 N Tryon St, Charlotte, NC 28202
54	Cornerstone Bank	2.83%	36-month	Online
55	Navy Federal Credit Union	2.75%	3-month	4320 Lavista Rd Tucker, GA 30084
56	Pinnacle Bank	2.75%	6-month	3333 Riverwood Pkwy Se Atlanta, GA 30339
57	Athens Federal Community Bank	2.75%	3-month	Online
58	Wells Fargo Bank,  National Association	2.50%	6-month	3280 Peachtree Rd NW Atlanta, GA 30305
59	Chattahoochee Federal  Credit Union	2.47%	3-month	519 Fob James Dr, Valley, AL 36854
60	First Bank of Georgia	2.33%	60-month	Online
61	Savannah Federal Credit  Union	2.25%	3-month	124 Barnard St PO Box 8122 Savannah, GA 31401
62	WestSide Bank	2.03%	48-month	56 Hiram Drive, Hiram, GA 30141
63	Georgia Bank & Trust Company of Augusta	1.85%	3-month	4440 Washington Rd Evans, GA 30809
64	PrimeSouth Bank	1.08%	12-month	3473 U.S. Hwy 84 Blackshear, GA 31516
65	Guardian Bank	1.05%	36-month	701 Wildcat Drive, Valdosta, GA 31602
66	Vinings Bank	1.00%	36-month	4135 Atlanta Road, Smyrna, GA 30080

Current CD Rates of Georgia

The current CD rates in Georgia, the rates vary from institution to institution. They offer a horizon of the financial health and competitive landscape within the state’s banking sector.

For investors, these rates are significant as they determine the potential growth of their deposits over time. High-yield CDs can significantly enhance savings, especially in a fluctuating economy.

Best 6 Month CD Rates

For those looking to invest in short-term savings with a quick return, the best 6-month CD rates in Georgia stand out as an ideal choice.

1.  Capital One

Minimum Amount: $0

APY / Rate: 5.00%

Pros:

• No minimum balance required
• Interest is paid end of the term, monthly,, or annually
• 5-minutes easy account opening process
• FDIC insured investment options

Rules:

• A CD account can be opened online by accessing the website if you are already a member of Capital One bank.
• Interest is accrued daily but paid and compounded monthly.
• Premature withdrawal from the CD is subject to a penalty.

2. My Banking Direct

Minimum Amount: $2500.00

APY / Rate: 4.50% APY

Pros:

• The high yield rate of interest
• A decent minimum amount required
• FDIC insured banking option
• Strong customer support system
• $0 Monthly maintenance fee

Rules:

• To open a CD an investor can approach the bank online or in-branch.
• Less than six months: 30 days’ simple interest on the principal amount withdrawn
• 6 months up to and including 11 months: 90 days’ simple interest on the principal amount withdrawn
• 12 months up to and including 35 months: 180 days’ daily compound interest on the principal amount withdrawn.
• The interest on the CD is compounded monthly.

Best 1 Year CD Rates
 

When extending the investment horizon to a year, the best 1-year CD rates in Georgia provide a perfect balance for savers seeking higher yields than a typical savings account.

1. Synchrony Bank

Minimum Amount: $0

APY / Rate: 4.50%

Pros:

• No minimum balance required
• Higher interest rates
• Accurate saving solution with a CD ladder
• CD calculator available on the bank website

Rules:

• Withdrawing principal prior to the maturity date earns a penalty
  1. Term less than one year- 90 days of simple interest
  2. The term more than one year and less than 48 months- 180 days of simple interest
  3. The term more than 48 months: 365 days of simple interest
• Interest can be withdrawn anytime during the CD term without any penalty
• Interest can be transferred to Synchrony bank account or other bank saving accounts

2. Alliant Credit Union

Minimum Amount: $1000

APY / Rate: 4.65%

Pros:

• Earn a high rate and grow your savings faster
• 24/7 online and mobile banking
• No monthly fee if you elect eStatements
• Be a member and owner, not just a number

Rules:

• A $1000.00 minimum deposit is required to open a Regular Alliant Certificate.
• A $75,000 minimum deposit is required to open an Alliant Jumbo Certificate
• Dividends compounded monthly or on maturity
• Dividends can be withdrawn monthly without any penalty
• If dividend is withdrawn, simple interest replaces compound interest
• Penalty charged on pre-mature CD account closing

Best 3 Year CD Rates

All those investors who are aiming for a balance between higher interest rates and manageable access to their funds might find the best 3-year CD rates in Georgia to be a strategic choice.

1. Alliant Credit Union

Minimum Amount: $1000

APY / Rate: 4.60%

Pros:

• Earn a high rate and grow your savings faster
• 24/7 online and mobile banking
• No monthly fee if you elect eStatements
• Be a member and owner, not just a number

Rules:

• A $1000.00 minimum deposit is required to open a Regular Alliant Certificate.
• A $75,000 minimum deposit is required to open an Alliant Jumbo Certificate
• Dividends compounded monthly or on maturity
• Dividends can be withdrawn monthly without any penalty
• If dividend is withdrawn, simple interest replaces compound interest
• Penalty charged on pre-mature CD account closing

2. Randolph-Brooks Federal Credit Union

Minimum Amount: $20000

APY / Rate: 4.60%

Pros:

• Best CD rates in the region
• No risk involved with investment
• FDIC insured investment options

Rules:

• Monthly compounding of interest
• Dividends are transferred to an account (RBFCU checking, savings, and money market accounts, or other bank’s account) every month
• Automatic renewal on maturity after completion of grace period
• The grace period allows investors to roll over or alter the CD term before reinvesting

Best 5 Year CD Rates

5-year CD rates in Georgia are the options that are designed for the long-term investor looking to maximize returns on their savings over time.

1. Alaska USA FCU

Minimum Amount: $500

APY / Rate: 4.55% APY

Pros:

• The high yield rate of interest
• A decent minimum amount required
• FDIC insured banking option
• Strong customer support system

Rules:

• To open a CD an investor can approach the bank online or in-branch.
• The minimum deposit allowed in a CD is $500 and the maximum limit is set at $250,000.
• The interest on the CD is compounded monthly.

2. GTE Financial Credit Union

Minimum Amount: $500

APY / Rate: 4.54% APY

Pros:

• Open with as little as $500
• Some of the best rates in the nation
• Variety of term options
• Open online in minutes
• Federally insured by NCUA

Rules:

• No early withdrawals may be made during the first 60 days from opening the share certificate.
• Early withdrawals will be penalized anywhere from 90 to 180 days of earned dividends. Please review your certificate disclosure for more details.
• There are no penalties for monthly dividend withdrawals. Early withdrawal penalties will apply if the certificate is closed before the maturity date.
• You can withdraw up to 10% of the principal plus dividends one time per year (20% of the current balance if over 59 1/2 years old) with no early withdrawal penalty on IRA certificates.
• Any monthly withdrawals or transfers reduce earnings.

Georgia Economic Statistics

Georgia’s economic landscape provides a dynamic backdrop for investors so that they can precisely optimize their financial strategies.

• With an average household income of approximately $61,980, the state’s economic fabric is woven with opportunities for growth and investment.
• The average home value in Georgia stands at around $202,500, reflecting a market that is both accessible and promising for potential homeowners.
• With a population surpassing 10.6 million people, Georgia’s diverse economic environment supports a variety of investment opportunities, including competitive CD rates.

Statistic	Georgia
Average Income	$61,980
Average Home Value	$202,500
Population	>10.6 million

How to Get Best CD Rates in Georgia?

To secure the best CD rates in Georgia, the following steps are the most precise options available so far;

1. Research and compare rates from various banks and credit unions in Georgia, including both local institutions and national chains.
2. Don’t overlook online banks, as they often offer higher rates due to lower overhead costs.
3. Pay attention to the terms, such as minimum deposit requirements and early withdrawal penalties.
4. If you have a relationship with a bank, try negotiating for a better rate, especially if you’re investing a significant amount.
5. Keep up with economic trends and Federal Reserve rate changes, as these can impact CD rates.
6. Last but not the least, implement a CD laddering strategy to take advantage of higher rates for longer terms while maintaining access to part of your investment at regular intervals.

CD Rates Methodology

The methodology for reviewing CD rates involved a comprehensive analysis of 86 banks. This thorough review aimed to capture a broad spectrum of the CD rates available to investors. Out of the 86 institutions reviewed, 66 made the final list based on specific criteria, such as the competitiveness of the CD rates offered, the terms and conditions of the CDs and the overall financial health and reliability of the institution.

The selection process emphasized not only the highest CD rates but also the diversity of options available to consumers.

Conclusion

For the final statement, by following the outlined steps and considering the methodology used to evaluate CD rates, individuals can enhance their potential returns and achieve their savings goals. The best CD rate for one investor may not be the best for another. This represents the need for personalized financial planning and consultation with financial advisors when necessary.

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