Galion Building & Loan Bank is offering some competitive long-term CD and IRA CD rates. The best ones include a 3.29% APY 8-year CD, a 3.03% APY 5-year CD and a 2.78% APY 4-year CD. Minimum deposit is $1,000. The early withdrawal penalty is 6 months of interest. These rates and penalties are listed in the bank's CD rate sheet and in its IRA rate sheet as of the morning of 9/27/2010.
The 8-year term is long, but it's rare to have an early withdrawal penalty of only 6 months of interest on terms over 5 years.
The bank has branches in Galion, Ohio which is located between Columbus and Cleveland. Before driving to a bank, it's always best to call first to confirm the rates and qualifications.
The bank's overall health score is 3 out of 5 with a Texas Ratio of 12.77% (excellent) based on 6/30/2010 data. Please refer to our financial overview of Galion Building and Loan Bank for more details. The bank has been a FDIC member since 1985 (FDIC Certificate # 32307).
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