Call it dueling CDs.

Wachovia Corp. and SunTrust Banks Inc. have started a mini rate war in Atlanta by offering high-yield certificates of deposit at their Georgia subsidiaries. Wachovia Bank of Georgia led off with a one-day sale last Saturday on 36-month and 10-month CDs, the former yielding an 8% annual percentage rate, the latter 7%.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.