The state of Georgia has a plethora of banks offering short term CDs with interest rates at or above 4.00%.  The following list is the best short term CDs in Georgia.  To be on the list the bank must be headquartered or have a physical bank branch in the state of Georgia.  During this evaluation period, the prerequisite of having a branch bank in Georgia turns out not to be a detriment to the quality or quantity of the list.  GMAC Bank leads the national list of the best CD rates with a one year CD yielding 4.25%.  The Georgia banks only best CD rates list, has five banks with CD rates equal or greater to an interest rate of 4.25%.  The list was updated on November 22, 2008.  The interest rates are all validated via phone, bank advertisements covering this date or via their website.  Rates can change and some conditions may apply, contact the bank directly for details.

Oglethorpe Bank offers a one year CD yielding 4.32%.  Minimum deposit to earn that rate is $500.00.  Oglethorpe Bank’s main office is located in Brunswick, Georgia.  The bank phone number is 912-264-1339.  The web address for the bank is www.oglethorpebank.com.  The bank was founded in 2003.

American United Bank makes the list with a one year CD yielding 4.30%.  The minimum deposit for their CD is $1,000.00.  American united Bank is located just outside of Atlanta in Lawrenceville, Georgia.  The bank phone number is 770-822-1616, automated rate information can be reached by dialing American United Telebank at 404-838-2133.  The web address is www.americanunitedbank.biz.

Peoples Bank headquartered in Lithonia, Georgia has a one year promotional CD with a rate of 4.25%.  The minimum deposit for this CD account is $10,000.00.  The bank can be reached at 770-483-7200.  Their web address is www.peoplesbankga.com.  With a minimum deposit of only $500.00 the same CD has an interest rate of 4.06%.

The Private Bank is number four on the list with a one year CD yielding 4.25%.  Minimum deposit for this rate and CD is $1,000.00.  The Private Bank is located in Atlanta.  The phone number is 404-926-2400.  The web address for the bank is www.theprivatebank.com

ebank rounds out the top five with a one year CD that has an interest rate of 4.25%.  ebank is a subsidiary of ebank Financial Services, Inc. a federal savings bank.  ebank provides community banking, internet banking and telephone banking.  The bank does business in 47 states predominantly via the internet but is headquartered and does transactions in Atlanta.  The bank can be reached at 866-554-9545.  The web address is www.ebank.com.

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