Dedicated to Deposits: Deals, Data, and Discussion

2.19% 6-Month CD & 2.39% 12-Month CD at Gogebic Range Bank in Michigan - Local Only - Update

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Gogebic Range Bank
Gogebic Range Bank is offering several competitive CD rates. The most competitive ones include a 2.19% APY 6-month CD, a 2.39% APY 12-month CD and a 2.59% APY 24-month CD. Minimum deposit is $500 for regular CDs and $1,000 for IRA CDs. The bank also offers a competitive money market account with a top rate of 2.02% APY for balances of at least $100,00. These rates are listed in the bank's interest rate sheet as of 9/24/09.

It appears that a branch visit is required to open an account. It's a small bank with two offices located in Bessemer and Ironwood, Michigan.

The bank's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial (based on 6/30/09 data) and 4 stars (sound) at Bankrate.com (based on 3/31/09 data). The bank has been a FDIC member since 2002 (FDIC Certificate # 57192).

Other Competitive Certificate of Deposit Rates
  Tags: Michigan, CD rates, IRA rates, Gogebic Range Bank

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