Geauga Savings Bank Raises the Bar on 2 and 3 Year CD rates

Geauga Savings Bank is an Ohio-based FDIC-insured bank, with a 3.5 star rating (good) at Bauer Financial. They've stepped into the rate game with some top Certificate of Deposit (CD) rates.

• 1-year CD yields 4.37% APY, second on the BestCashCow top 1 year cd rate table.
• 2-year CD yields 4.44% APY, first on the BestCashCow top 2 year cd rate table.
• 3-year CD yields 4.84% APY, first on the BestCashCow top 3 year rate table.

Their CDs are open to residents of all state with a minimum deposit of $25,000 and the maximum off $95,000. Interest is paid and mailed annually on the anniversary date of the CD or you can receive a monthly interest check (i.e., interest does not accrue).

The bank is small witth $550 million in assets but is FDIC insured. The bank was chartered in 1983.