Georgia residents pay a flat 4.99% state income tax on CD interest in 2026, after HB 463 cut the rate from 5.19% (signed May 2026, retroactive to January 1, 2026). The best CD rates available to GA residents reach that differ by bank and term at FDIC-insured online banks, with local options through Georgia credit unions including Delta Community Credit Union.
Bank rates below were read from each bank’s own page, with the date shown under the table. Verify current rates directly with the institution before opening.
Best CD Rates Available to Georgia Residents (Online Banks, October 2026)
| Institution | Type | 12-Month APY | Min. Deposit |
|---|---|---|---|
| Popular Direct | Online | 4.50% | $10,000 |
| Marcus by Goldman Sachs | Online | 4.40% | $500 |
| EverBank | Online | 3.50% | $1,000 |
Rates read from each bank’s own page: Popular Direct October 5, 2026, Marcus October 15, 2026, EverBank October 9, 2026. These online banks accept customers in any state. We did not check rates at local credit unions and community banks, so they are not listed with rates here; ask them directly.
Georgia’s Flat Income Tax Rate on CD Interest
Georgia moved from a progressive income tax to a flat rate beginning in 2024, and the legislature has cut the flat rate further each year since. Under HB 463, the flat rate for 2026 is 4.99% for all residents, regardless of income — down from 5.19% in 2025.
After-tax yield on a hypothetical 4.50% CD for a GA resident (22% federal + 4.99% GA):
- Total marginal rate: ~26.99%
- After-tax yield: ~3.29%
Georgia’s rate has been on a declining path (confirm the current-year rate at dor.georgia.gov, since further cuts are conditional on state revenue triggers):
- 2025: 5.19%
- 2026: 4.99%
- Future years: additional 0.125-point cuts toward a 3.99% target, if revenue conditions are met
T-Bills vs. CDs for Georgia Residents
Treasury bill interest is exempt from Georgia state income tax.
| 12-Month CD (hypothetical) | 1-Year Treasury | |
|---|---|---|
| Gross yield (hypothetical, same for both) | 4.50% | 4.50% |
| Federal taxable | Yes | Yes |
| GA state taxable (4.99%) | Yes | No |
| After-tax yield (22% federal + 4.99% GA) | ~3.29% | ~3.51% (federal-only) |
For Georgia residents in 2026, the Treasury’s state tax exemption gives it a modest after-tax edge over the CD at these rate levels. Recalculate using the live 1-year Treasury yield at each reinvestment decision, since it moves daily.
What $10,000 Earns at Top Available GA Rates
| Term | APY (Popular Direct) | Gross Interest | After-Tax (22% federal + 4.99% GA) |
|---|---|---|---|
| 6 months | 4.35% | ~$215 | ~$157 |
| 12 months | 4.50% | ~$450 | ~$329 |
| 2 years | 4.70% | ~$962 | ~$702 |
Figures use Popular Direct’s APYs as of October 5, 2026 (it requires $10,000 to open a CD) and the compounding convention A = P(1+APY)^years.
Georgia’s Notable Credit Unions
- Delta Community Credit Union — Atlanta-based; originally for Delta Air Lines employees, now open to many residents of the Atlanta area; consistently competitive rates
- LGE Community Credit Union — Marietta-based; open to residents and employees in Cobb, Cherokee, Bartow, and Paulding counties
- Robins Financial Credit Union — Warner Robins; open to Middle Georgia residents and Robins Air Force Base-affiliated individuals
- Georgia’s Own Credit Union — Atlanta-based; open to Georgia residents through various eligibility paths
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