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Georgia Savings Account Rates Rank 15th in the Country, According to GoBankingRates.com Report

By   /   January 10, 2013  /   Comments

www.GoBankingRates.com releases findings from the latest installment of its “Best Interest Rates in Every State” investigation, this week evaluating the quality of interest rates in Georgia. This Georgia interest rates report finds that while the state ranks 15th overall for savings account rates, they fall below the national average for 6-month and 2-year CD rates.

Special to the Journal

EL SEGUNDO, Ca. – The weekly “Best Interest Rates in Every State” series led by interest rate aggregating website, Go Banking Rates, explores the competitiveness of Georgia deposit rates on certificates of deposit and savings accounts. The report discovers mixed results for Georgia depositors.

“The results uncover a balance of sorts among Georgia CD rates and savings account rates,” shares Jennifer Calonia, the study’s chief reporter. “Georgia’s 0.24% APY savings rate average helped the state rank 15th in the nation and above the national average for savings account rates; on the other hand, its CD rates were far less impressive with 6-month CDs and 2-year CDs falling below national averages.”

The Go Banking Rates’ report also names the top 10 financial institutions for savings accounts, 6-month, 1-year and 2-year CDs to help Georgia residents locate the best banks and credit unions in the state. Furthermore, the investigation contains information on which local banks and Georgia credit unions offer yield rates higher than 1%.

To see the full report, click here.

GoBankingRates.com is a national personal finance website dedicated to connecting readers with the best interest rates on bank products nationwide. The Go Banking Rates team manually collects interest rate information from over 4,000 banks and credit unions, making their database the only source of comprehensive and authentic local rate data.

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About the author

Owner / Editor / Writer

Tom Knighton is the publisher of The Albany Journal. In November, 2011, he became the first blogger to take over a newspaper anywhere in the world. In August of 2012, he made the difficult decision to take the Journal out of print circulation and become an online news agency, a first for the Albany area.

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