Giantbank.com CD Rates

Giantbank.com is an online bank that seeks to build excellent relationships with its customers. The bank offers 24/7 service which makes this a convenient and flexible choice for a financial establishment. If you need to reach a banking professional at Giantbank.com then you can do so by phone, through e-mail or through postal mail.

Giantbank.com has both personal banking services as well as business banking ones. If you wish to start saving money by purchasing a certificate of deposit then you can do so either through personal banking or business banking. At the present time the Giantbank CD rates on a 12-month CD for personal banking are 1.46 APY and for business banking it is 1.10 APY.

Due to the fact that Giantbank.com is an online bank and has no brick and mortar presence in the physical world it is able to offer its customers incredibly good interest rates on certificates of deposit. In fact the average yield for every certificate of deposit (CD) is well above industry standards.

A Giant personal CD from Giantbank.com can only be opened with a minimum deposit of $2,500. If you like you can take $1,000 from an IRA and combine it with $500 from a Coverdell Education Savings Account. This may make it easier in coming up the partial amount for the initial deposit for the account.

The terms for a Giant personal CD include three months, six months, nine months, 12 months, 24 months, 36 months and 60 months. Online account history is available to you the customer when you purchase this type of account. If you like your interest can be mailed to you as it accrues or else you can transfer it into your checking account at Giant or your money market account.

Here are the current Giantbank CD rates for personal banking:

91 day CD- Rate of 0.65, APY of 0.65
182 day CD- Rate of 1.10, APY of 1.11
9 month CD- Rate of 1.15, APY of 1.16
12 month CD- Rate of 1.45, APY of 1.46
24 month CD- Rate of 1.65, APY of 1.66
36 month CD- Rate of 1.99, APY of 2.01
60 month CD- Rate of 2.19, APY of 2.21

Giantbank.com also sells business CDs. In order to open one of these you must have a minimum deposit of $10,000 (to a maximum of $250,000). The terms for the business CD are for three months (91 days), six months (182 days), nine months and 12 months. Online account history is available with a business CD as is online balance information.