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

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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 Bankrate.com. Both are based on 6/30/08 data.
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4.37% 12-Month CD at Geauga Savings Bank
Geauga Savings Bank has some competitive CD rates for terms of 12 to 36 months:

CD rates as of 8/14/08:

Term APY
12 months 4.37%
24 months 4.44%
36 months 4.84%

The minimum deposit is $25,000, and the maximum is $95,000. Interest is paid and mailed annually on the anniversay date of the CD or you can receive a monthly interest check. Interest rate and APY are the same as a result of interest being...








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4.00% 18-Month CD at Geauga Savings Bank - Nationally Available
Geauga Savings Bank has some competitive CD rates for terms of 12 months and longer. The 12-month yield is 3.75% APY. A yield of 4.00% APY is available on terms from 18 months to 48 months. The minimum deposit is $1,000.

I just called the bank at its toll-free number (800-472-6250) for additional details. Be sure to call for the official information. Here's a report of what I was told.

According to the CSR, a person in any state can open the CD by mail. They can fax or email you the...



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5.59% 6-Month CD and 5.45% Savings Account ($25K Min) at Geauga Savings Bank
Geauga Savings Bank is offering very competitive rates on 6-month and 3-month certificates of deposit with a minimum balance of $25,000. These include a 5.59% APY 6-month CD and a 5.56% APY 3-month CD. Instructions are provided for faxing your application and wiring in the funds.

The bank also has a savings account that's paying 5.45% APY for balances over $25K. According to the website, the rate is guaranteed through July 15, 2007. This rate is up from 5.40% when I reported on this bank last July. For the full details...

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5.40% Savings Account Available to All ($25K min)
Geauga Savings Bank just started offering a 5.40% APY savings account called the Immediate Access Tiered Savings Account. It's also offering a 5.25% APY Money Market Plus Checking Account. Here's the basic info from the bank's website:

Immediate Access Tiered Savings Account
  • 5.40% APY for balances between $25K and $99K, 2% APY for balances over $99K
  • Interest paid annually

Money Market Plus Checking Account
  • 5.25% APY for balances between $25K and $99K, 0.99% APY for balances over $99K
  • Interest paid quarterly

Applies to Both Accounts
  • Initial rates guaranteed through 1/31/07
  • Typical 6 withdrawals per month allowed without a fee

Here...







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