Best Certificates of Deposit in Georgia for 2025
- Georgia’s Own Credit Union has locations in Savannah, Augusta, the metro Atlanta region, and southwestern and southeastern Georgia. It offers surcharge-free access to more than 110,000 ATMs nationwide.
- Savers who renew a maturing CD can enjoy a .05% loyalty reward at Ally Bank.
- Quontic Bank offers CDs with a wide range of terms, including 1- and 2-year options.
Certificates of deposit (CDs) can be a good option for increasing personal savings because they provide guaranteed returns with minimal risk, an especially important factor during times of whipsawing stock prices and economic uncertainty.
Georgia residents can capitalize on current high interest rates for long- and short-term CDs by opening a certificate of deposit at a Georgia-based bank or credit union or through an online financial institution. Timing is important since interest rates are expected to fall at some point this year. Read on to learn where to find the best CD rates at banks and credit unions in Georgia.
Best CD Rates in Georgia
CDs deliver fixed returns, and since the Federal Deposit Insurance Corporation backs them up to $250,000, they pose little to no risk. Here are five banks and credit unions offering some of the highest certificate of deposit rates in the state of Georgia.
Popular Banks and Credit Unions in Georgia
The Peach State is home to quite a few banks and credit unions, and several financial institutions with a strong presence throughout the southeast have locations throughout the state of Georgia.
Here are five popular banks in Georgia.
Regions Bank. Regions Financial Corporation has locations in the South, Midwest, and Texas, including 25 branches and ATM locations in Georgia.
Ameris Bank. Founded in Moultrie in 1971, Atlanta-based Ameris Bank serves residents of Georgia, Florida, Alabama, and North Carolina. Although the bank has more than 200 locations and manages more than $20 billion in assets, it focuses on allowing bankers to work closely with local customers to ensure their banking needs are met.
Renasant Bank. In its more than 100-year history, Renasant Bank persevered through the Great Recession and the Great Depression. The bank is headquartered in Mississippi, but it has 61 ATM and branch locations throughout the state of Georgia. As a regional bank, Renasant emphasizes a customer-first approach to your banking needs.
Georgia’s Own Credit Union. GOCU has locations throughout Savannah, Augusta, the metro Atlanta region, and southwestern and southeastern Georgia. The credit union offers surcharge-free access to more than 110,000 ATMs nationwide.
Online banks. Georgia residents don’t have to choose a regional bank for their banking and personal savings needs. Numerous online financial institutions offer competitive interest rates on certificates of deposit, making them a viable alternative to Georgia-based banks and credit unions.
Online Banks Offering CDs in Georgia
When you bank with a regional financial institution, your money stays in your community. However, online-only financial institutions can be a compelling banking option because they typically offer strong interest rates on savings products and low- or no-fee checking and savings accounts.
In addition to low fees, there are many other reasons why Georgia residents should consider opening an account at an online bank.
Federally Insured. Online banks have the same guarantees as traditional banks and credit unions. Your accounts are protected by the Federal Deposit Insurance Corporation up to $250,000, or double that amount for married and joint account holders.
Strong interest rates. Online financial institutions are able to offer some of the best interest rates on certificates of deposit and high-yield savings accounts because they don’t have the high overhead of traditional banks.
Lower deposit requirements. Large national banks often require a high initial deposit, such as $2,500, to open CDs. Online financial institutions may offer CDs with minimum deposit requirements of $500 or less.
Instant 24/7 access. You’ll never have to worry about “bankers’ hours” with an online bank. You’ll enjoy dedicated 24-hour access to your funds through the bank’s app or website.
Robust mobile apps and online banking platforms. Online-only banks usually have robust and feature-rich mobile banking apps and websites since these customer-facing portals are your primary access points to your banking experience.
Here are four online-only financial institutions to consider when searching for the highest CD rates in Georgia.
Ally Bank
Ally Bank offers a 4% APY on six-month certificates of deposit with no minimum balance requirements or monthly fees. Savers who renew a maturing CD can enjoy a .05% loyalty reward.
Discover® Bank
Discover Bank is a no-fee bank, meaning you won’t incur monthly maintenance, insufficient funds, or other routine banking fees. Its 4% APY on 12-month CDs is among the most competitive rates available.
Quontic
Quontic is a national digital bank known for offering high interest rates on its savings and banking products. It’s offering a three-month CD with a 4% APY and a $500 minimum deposit. Quontic also offers a wide range of terms, including one—and two-year CD options.
There are many other digital banks that offer extremely competitive CD rates for Georgia savers. Take some time researching your options to ensure you find the strongest interest rates and banking options that best meet your savings goals.
Factors to Consider When Choosing a CD in Georgia
Interest rates aren’t the only consideration when opening a certificate of deposit account in Georgia. Here are some other things to consider:
Minimum deposit requirements
Certificates of deposit are illiquid – you can’t access your money before the CD matures, or you’ll incur a penalty. Make sure to choose a bank that has a minimum deposit requirement that aligns with your financial strategy.
Term lengths
Georgia’s most popular banks and online financial institutions offer a wide range of CD terms with varying interest rates. Comparing interest rates and APY among a handful of financial institutions can help ensure you are maximizing your savings.
Federal interest rate cuts
The Federal Reserve is expected to make additional cuts to its target interest rate in 2025, which can impact overall yield on certificates of deposit and other interest-bearing savings products.
Pros and Cons of CDs
Certificates of deposit are a reliable way to grow your personal savings, but they can pose some challenges.
Pros
- Higher interest rates than traditional savings accounts
- Minimal risk
- Federally insured
- Many options for short and long terms
Cons
- Penalties for early withdrawal
- Lack of liquidity
- Interest is taxable
Open a CD and Start Saving Today
Use the information we’ve compiled about the best CD rates in Georgia to find a certificate of deposit that aligns with your savings goals. You can choose from short-term CDs or opt for longer terms such as 12 months, 18 months, two years, or even longer.
There’s sure to be a financial institution in Georgia that has a CD that meets your needs, so begin your savings journey today by comparing the best CD rates in Georgia.
Frequently Asked Questions
Interest earned on certificates of deposit is taxable at both the federal and state level.
Georgia has many different regional banks and credit unions that offer competitive interest rates on savings products. The state is also home to many national banks. Online-only banks are another viable alternative.
