bank rates

Geauga Savings Bank Certificates of Deposit Rates

Opened in 1983, Geauga Savings Bank has become a strong financial institution. With $550 million in assets today they are a federally insured savings bank offering a range of financial products. You can earn the most competitive rates on a wide range of CDs opened for terms of 3 to 60 months. The more and longer you invest, the higher will be your rate of return.

Interest Rates as offered for different Certificate of Deposits (CDs) are shown below:

REGULAR CDs:
A minimum of $1,000 deposit is required.
– For a 3 month certificate you earn 2.48% interest with 2.50% APY.
– For a 6 month certificate you earn 3.13% interest with 3.15% APY.
– For a 12 month certificate you earn 3.75% interest with 3.75% APY.
– For a 18 month certificate you earn 3.99% interest with 4.00% APY.
– For a 24 month certificate you earn 4.00% interest with 4.00% APY.
– For a 36 month certificate you earn 4.00% interest with 4.00% APY.
– For a 48 month certificate you earn 4.00% interest with 4.00% APY.
– For a 60 month certificate you earn 4.15% interest with 4.15% APY.
*All the above rates have been noted as on 05/21/08.

EXECUTIVE CDs:
A minimum of $10,000 to $60,000 deposit is required.
– For a 9 month certificate you earn 3.73% interest with 3.75% APY.
– For a 12 month certificate you earn 3.75% interest with 3.75% APY.
– For a 18 month certificate you earn 3.99% interest with 4.00% APY.
– For a 24 month certificate you earn 4.00% interest with 4.00% APY.
*All the above rates have been noted as on 05/21/08.

JUMBO CDs:
A minimum of $60,001 to $90,000 deposit is required.
– For a 9 month certificate you earn 3.73% interest with 3.75% APY.
– For a 12 month certificate you earn 3.75% interest with 3.75% APY.
– For a 18 month certificate you earn 3.99% interest with 4.00% APY.
– For a 24 month certificate you earn 4.00% interest with 4.00% APY.
*All the above rates have been noted as on 05/21/08.

@ A penalty may be imposed for early withdrawal.
@ Interest is paid at maturity for a CD of 12 months or less.
@ For CDs greater than 12 months, interest is paid annually on the CD anniversary date with the final interest payment at maturity.
@ Up to $100,000 your funds are insured by FDIC.
@ IRAs can be opened for any term with no minimum balance requirement.

For any clarifications you may please call (440) 564-9441 or toll-free (800) 472-6250. Their Customer Service Representatives will be at your service.

Comments (1)
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
One Existing Comment

Add New Comment

  1. ArmandaCOrganek said:
    on July 21st at 08:08 am

    I read this post fully about the resemblance of most recent and
    previous technologies, it’s remarkable article.