5-Year CD Rates in Greater Atlanta Region Lower Than National Average

NEW YORK - RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST), reported today that national averages for 3 and 5 year CDs increased by one basis point each as the Federal Reserve continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.

"The three and five-year national CD averages each increased one basis point as the Federal Reserve confirmed on Sept. 17 it would end its monthly bond buying campaign after October," TheStreet's Antoine Gara reported. "Downward revisions to the Federal Reserve's 2015 growth forecasts, taken with Chairwoman's Janet Yellen's cautious outlook on the labor market, indicate that short term interest will remain low for an extended period of time even after the Fed ends its monthly bond purchases."

NATIONAL AVERAGE RESULTS - $10K

Avg Rate This week Avg Rate Last week
Money Market 0.15% 0.15%
1 month CD 0.11% 0.11%
3 month CD 0.15% 0.15%
6 month CD 0.23% 0.23%
1 year CD 0.36% 0.36%
2 year CD 0.56% 0.56%
3 year CD 0.76% 0.75%
4 year CD 0.94% 0.94%
5 year CD 1.16% 1.15%

In the Greater Atlanta Region area, the average 5-year CD rate sat at 0.93%, lower than the national average of 1.16%. Rates on the 5-year CD ranged from 0.15% on the low end to 2.0% at the high end, which can be found at Stearns Bank National Association. The average 3-year CD rate in Greater Atlanta Region was 0.67% with a range of 0.05% to 1.25% found at North Atlanta Bank. And if you are on the market for a 1-year CD, take a look at Beal Bank USA, which currently offers a rate of 1.01% as compared to the Greater Atlanta Region average of 0.37%. Other top rate issuers can be found in the tables that follow.

GREATER ATLANTA REGION AVERAGE RESULTS - $10K

Avg Rate This
week
Highest Available
Rate
Highest Available Rate Issuer
Money Market 0.16% 0.5% CertusBank, National Association
1 month CD 0.11% 0.36% Beal Bank USA
3 month CD 0.15% 0.36% Beal Bank USA
6 month CD 0.21% 0.5% Shinhan Bank America
1 year CD 0.37% 1.01% Beal Bank USA
2 year CD 0.51% 1.01% Beal Bank USA
3 year CD 0.67% 1.25% North Atlanta Bank
4 year CD 0.79% 1.4% Stearns Bank National Association
5 year CD 0.93% 2.0% Stearns Bank National Association

TOP RATE ISSUERS - $10K

This is a list of issuers with top interest rates in the Greater Atlanta Region area. The issuer's Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit www.weissratings.com/help/what-our-ratings-mean.aspx. Information is believed to be accurate, but not guaranteed.

Money Market Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
CertusBank, National Association
770-830-1233
www.certusbank.com
C- 10000 0.5
Community & Southern Bank
678-210-0225
www.eastcommbank.com
C+ 10000 0.4
State Bank & Trust Company
770-472-5020
www.statebt.com
B 2500 0.25
North Atlanta Bank
678-277-8400
www.nanb.com
A- 2500 0.25
Shinhan Bank America
678-512-8200
www.shbamerica.com
A- 1000 0.25
1 Month CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
Beal Bank USA
678-373-4667
www.bealbank.com
C+ 1000 0.36
Community & Southern Bank
678-210-0225
www.eastcommbank.com
C+ 1000 0.2
Brand Banking Company
770-963-9224
www.thebrandbank.com
D- 10000 0.2
Ameris Bank
404-522-2265
www.amerisbank.com
B- 1000 0.15
East West Bank
678-417-7572
www.eastwestbank.com
B+ 10000 0.15
3 Month CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
Beal Bank USA
678-373-4667
www.bealbank.com
C+ 1000 0.36
Community & Southern Bank
678-210-0225
www.eastcommbank.com
C+ 1000 0.35
Stearns Bank National Association
706-692-3581
www.stearnsbank.com
A 2500 0.3
Brand Banking Company
770-963-9224
www.thebrandbank.com
D- 10000 0.25
North Atlanta Bank
678-277-8400
www.nanb.com
A- 1000 0.25
6 Month CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
North Atlanta Bank
678-277-8400
www.nanb.com
A- 1000 0.5
Shinhan Bank America
678-512-8200
www.shbamerica.com
A- 1000 0.5
Community & Southern Bank
678-210-0225
www.eastcommbank.com
C+ 500 0.45
Beal Bank USA
678-373-4667
www.bealbank.com
C+ 1000 0.41
Stearns Bank National Association
706-692-3581
www.stearnsbank.com
A 2500 0.4
1 Year CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
Beal Bank USA
678-373-4667
www.bealbank.com
C+ 1000 1.01
North Atlanta Bank
678-277-8400
www.nanb.com
A- 1000 0.8
Shinhan Bank America
678-512-8200
www.shbamerica.com
A- 1000 0.8
Community & Southern Bank
678-210-0225
www.eastcommbank.com
C+ 1000 0.65
Stearns Bank National Association
706-692-3581
www.stearnsbank.com
A 2500 0.55
2 Year CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
Beal Bank USA
678-373-4667
www.bealbank.com
C+ 1000 1.01
North Atlanta Bank
678-277-8400
www.nanb.com
A- 1000 1.0
Shinhan Bank America
678-512-8200
www.shbamerica.com
A- 1000 1.0
Community & Southern Bank
678-210-0225
www.eastcommbank.com
C+ 1000 0.9
Stearns Bank National Association
706-692-3581
www.stearnsbank.com
A 2500 0.85
3 Year CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
North Atlanta Bank
678-277-8400
www.nanb.com
A- 1000 1.25
Shinhan Bank America
678-512-8200
www.shbamerica.com
A- 1000 1.25
Stearns Bank National Association
706-692-3581
www.stearnsbank.com
A 2500 1.2
Community & Southern Bank
678-210-0225
www.eastcommbank.com
C+ 1000 1.1
Beal Bank USA
678-373-4667
www.bealbank.com
C+ 1000 1.01
4 Year CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
Stearns Bank National Association
706-692-3581
www.stearnsbank.com
A 2500 1.4
Community & Southern Bank
678-210-0225
www.eastcommbank.com
C+ 1000 1.15
Fidelity Bank
404-553-2150
www.lionbank.com
C 500 1.05
AFB&T
770-267-6511
www.afbtbank.com
C+ 5000 1.05
East West Bank
678-417-7572
www.eastwestbank.com
B+ 10000 1.05
5 Year CD Financial Strength
Rating
Minimum to Earn
Interest ($)
APY(%)
Stearns Bank National Association
706-692-3581
www.stearnsbank.com
A 2500 2.0
Renasant Bank
877-367-5371
www.renasantbank.com
B- 1000 1.35
Community & Southern Bank
678-210-0225
www.eastcommbank.com
C+ 500 1.25
Beal Bank USA
678-373-4667
www.bealbank.com
C+ 1000 1.25
AFB&T
770-267-6511
www.afbtbank.com
C+ 5000 1.2

Data is surveyed weekly with averages calculated each Monday afternoon from RateWatch's unbiased national interest rate survey of over 96,000 financial institution locations across the United States.

More About CDs:

CDs, or certificate of deposits, are bank-issued promissory notes wherein an investor deposits money for a set amount of time and, provided the money remains untouched, receives interest on the total sum when the investment matures.

While the money can't be accessed during that time (without incurring penalties), the advantage of a CD over a regular savings deposit is the higher rate of interest. Typically, a CD can be taken out on as few as three-month terms but can range to up to five years; generally, the longer the timeframe the higher rate of interest.

CD Laddering:

To provide further financial security, a CD laddering strategy offers conservative investors the opportunity to stagger their capital across numerous deposits set to expire at different intervals. Not only does this hedge against variable rate fluctuations by offering a guaranteed return at a locked-in interest rate, it also increases liquidity given that one CD will mature at predictable and established intervals.

Using an example of a five-year ladder strategy, an investor would divide his or her money amongst one-, two-, three-, four-, and five-year CDs. Once the one-year deposit matures, he or she will reinvest the money into a five-year CD, and will do so every subsequent year upon each CD's maturation. In this way, the investor has a CD that matures each year and thus, steady income from the interest on the maturing investments.

Nevertheless, investors must keep in mind that the onus of developing a ladder strategy is on the investor, not the bank or financial institution. In developing a strategy, map out each rung of the ladder, determining how long you want to invest for, the kind of return you are targeting and the length of time you can tolerate not having access to the principal and interest.

About RateWatch

For over 20 years, RateWatch has been the premier provider of competitive interest rate and product information to financial institutions across the United States. Consistently providing top quality, highly relevant data RateWatch maintains the largest database in the industry with deposit, loan, and fee information monitoring over 96,000 locations. Rate surveys, product comparisons, financial strength reporting, local/regional/national averages, fee reporting, specialty reports and more are available. To learn more about RateWatch, visit www.rate-watch.com. RateWatch is a division of TheStreet, Inc.

National average is calculated using one unique rate per institution. Averages are based on banks, savings & loans, brokers and Internet banks with assets greater than $1 billion.

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