bank rates

District Deal: 1.60% APY On A 4-Month CD

The Bank of Georgetown has a 4-month CD special for savers who live near one of its seven branches in the Washington, D.C. area.

Savers can earn 1.60% APY with this certificate of deposit.It’s paying 1.60% APY, which is more than a half-point higher than the top nationally available rate on 3-month CDs.

As with many local offers, you must buy these certificates of deposit in person, but if you can get there, you’ll only need a minimum deposit of $1,000 to qualify for this rate.

One final note: Don’t be put off by the rate sheet on the bank’s Web site. Yeah, it’s dated “November 23, 2009,” but the bank assures us the rates are good.

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Comments (2)
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2 Existing Comments
  1. DealMaven said:
    on June 23rd at 10:29 am

    The CD Rate Leaderboard For June 23 has been updated and posted on our Personal Finance blog. It lists all of the banks offering the best deals for 3-month to 60-month CDs.

  2. RateRunner said:
    on July 20th at 11:36 am

    Bank of Georgetown has lowered its rate to 1.40% APY for customers with checking accounts at the bank, and just 0.50% APY for anyone who doesn’t have a checking account there.