McIntosh State Bank is a full service commercial bank, serving the Georgia counties of Butts, Jasper, and South Henry through offices in Jackson, Monticello, Locust Grove and McDonough Georgia.  The bank was established in 1964.  McIntosh State Bank is chartered as a Federal Reserve Non-member with the primary regulator being the Federal Deposit Insurance Corporation (FDIC).

McIntosh State Bank had assets of $450,939,000 at the close of 2008.  The bank also experienced a net loss of -$7,038,000 for that year.  Unfortunately, Georgia banks have been suffering from deeper problems do to delinquencies in residential and construction loans.  McIntosh State Bank has not been immune to this judging from the size of the loss as well as the fact that the bank has 9.17% of its loans classified as non current at the end of 2008.

The bank offers deposit and transaction accounts such as checking accounts, savings accounts, individual retirement accounts, money market accounts, NOW accounts and certificate of deposit accounts.  It also provides lending services such as commercial loans, industrial loans, residential real estate mortgages, leasehold financing, as well as personal secured and unsecured credit.

The bank certificates of deposit require a $500.00 or more opening deposit which can be invested in the CDs for terms of 90 days to 60 months.  CD interest earned can be directly deposited monthly, quarterly or annually into any McIntosh deposit account.  Most of the banks CDs are set to renew on the day of maturity for the same term and at current bank interest rates.  Notices are sent prior to maturity dates; the CD account holder has 10 days after maturity to withdraw funds without a penalty.  Early withdrawal penalties apply equal to three months interest on a CD with an original maturity of 1 year or less and six months interest on a CD with an original maturity greater than 1 year.

Current bank CD rates.

90 day CD rate is 1.50%
180 day CD has an interest rate of 1.75%
1 year CD rate is 2.25%
18 month CD earn an interest rate of 2.55%
2 year CD has a rate of 2.55%
3 year CD yields a rate of 2.60%
4 year CD earns a rate of 2.80%
5 year CD rate is 3.15%

Bank CD rates subject t change at the bank’s discretion prior to opening the account.  Additional conditions may apply.  For current CD rates as well as account details, call a bank representative at 800-303-0894.  McIntosh State Bank maintains a website that posts current bank rates at www.mcintoshbancshares.com.

For mortgage rate information please visit www.selectcalculators.com.

Tags: , , , , , , , , , , , , ,

No user commented in " McIntosh State Bank CD Rates "

Follow-up comment rss or Leave a Trackback

Leave A Reply

 Username (*required)

 Email Address (*private)

 Website (*optional)