Dedicated to Deposits: Deals, Data, and Discussion

4.61% 12-Month CD at Geauga Savings Bank in Ohio - Nationally Available


Geauga Savings Bank
Geauga Savings Bank has come out with some very competitive CD specials. The most competitive is the 12-month term with a 4.61% APY. Below is the list of the three special CDs:

CD rates as of 9/26/08:

Term APY
12 months 4.61%
18 months 4.51%
24 months 4.53%

The minimum deposit is $60,000, and the maximum is $95,000. According to the small print at the bottom, interest is paid and mailed annually on the anniversary date of the CD or you can receive a monthly interest check. Details of the CD are described at the bank's FAQ Page.

At the bottom of the special CD page they provide the application instructions. I listed a few other details in my June review of this bank and its CDs. One thing to note about this bank is that I've been told by the CSR that there's no online acccess to your account. You'll receive a CD receipt and some other forms by mail at the start. After that you'll just receive yearly 1099's and the maturity notice.

The bank is located in Newbury, Ohio. It has been FDIC insured since 1985 (FDIC Certificate # 32287). The bank has a 3 star rating (adequate) at BauerFinancial and a 2 star rating (below peer group) at Both are based on 6/30/08 data.

  Tags: CD rates, Geauga Savings Bank, Ohio

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