Dedicated to Deposits: Deals, Data, and Discussion

GE Money Savings Account Now 5.05% for $15K+ Balances

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GE Money raisied the rate of its online savings account to 5.05% APY for balances of $15K and over. For balances between $4K and $15K, the rate remains the same at 4.50% APY. Balances below $4K earn 1.75%. Even though this is less than other savings accounts which have no rate tiers, GE Money does have a $25 signup bonus. The competitive interest rate makes this bonus a little more appealing.

For the $25 signup bonus, the promo code RSF126L still seems to be valid. Just enter this code into the right box on the GE Money Savings page.

As I mentioned in this previous post, you have to maintain a minimum balance of $500 for the first 30 days after your account is opened to qualify for the bonus. The $25 bonus will be provided 30 days after eligibility requirements are met. From my call last May with the CSR, I was told there is no hard credit pull.

Thanks to the reader who mentioned this new rate in the finding deals post.


Comments
3 Comments.
Comment #1 by Anonymous posted on
Anonymous
Average daily balance for $25 promo is now $4000 for the first 30 days and not $500 as was previously listed with the codes mentioned in this and prior post(s).

1
Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
This account is no longer available to new customers:

From their website:

We are no longer accepting new enrollments for GE Money Savings accounts. Existing customers can continue to access their accounts from the "Log In" button above.

1
Comment #4 by Elsie (anonymous) posted on
Elsie
GE Money sucks! They didn't send me my first statement so I didn't know my due balance or due date. Then they called me to make me pay over the phone and charged my account $10. I gave out my bank account number as well as routing number correctly (the lady even repeated all the information again to confirm) and my account was charged $39 because "your check does not go thru or you gave the wrong information", said the representative guy. Once again they called me to make me pay for the amount due and ended up charged me another $10 as credit card transfer fee. Do not go to Gemoney. Such a cheating company!

1