bank rates

Nationwide Deal On Short-Term CD Rates

Atlantic Coast Bank offers good rates on 7- and 15-month CDsAtlantic Coast Bank is offering two special odd-term CD rates that beat the Leaderboard and are available to savers nationwide.

With a $1,000 minimum deposit, it’s paying:

  • 1.05% APY for 7-month CDs.
  • 1.25% APY for 15-month CDs.

On our CD Rates Leaderboard, the current 6-month leader there is paying 0.99% APY; the 12-month leader, 1.15% APY.

Atlantic Coast Bank has 11 branches in northeast Florida and southeast Georgia, but sells its certificates of deposit nationwide online (www.atlanticcoastbank.net) or by mail.

As recently as last summer, Atlantic Coast Bank offered regular CD rates that were among the best nationally available deals in the country.

Not anymore. In August 2010 it paid 1.85% APY on a 24-month CD. Today, its 2-year CD rates stand at 0.95% APY.

The bank does pay a decent rate on high-yield checking, although that, too, has fallen this year. On deposits of $15,000 or less, it pays 2.01% APY if you meet monthly qualifications.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

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Comments (2)
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2 Existing Comments
  1. Kathy at Bankaholic said:
    on October 24th at 07:18 am

    These special rates are still available.

  2. Kathy at Bankaholic said:
    on October 28th at 10:04 am

    You can still get these rates.