There’s been a serious lull in decent CD specials at bigger banks, both brick-and-mortar and online, so GE Capital Retail Bank’s new 15-month CD rates are truly a sight for savers’ sore eyes.
The bank pays 1.15% APY with a minimum deposit of $2,000. And the rate is available to all savers.
That beats the top nationally available 12-month CD rate on our CD Rates Leaderboard by a tenth of a percentage point.
That 1.05% APY deal is offered by four banks, including GE Capital Retail Bank, a subsidiary of GE Capital Corp., the financial services unit of the manufacturing giant.
If GE Capital Retail Bank sounds familiar, it’s because the Draper, Utah-headquartered federal savings bank took over MetLife Bank’s deposit operations earlier this year.
You won’t find this online-only deal with the rates for GE Capital Retail Bank’s standard certificates of deposit. Instead, it’s promoted on the website’s home page, at www.gecrb.com.
You have to click on the purple box to apply for the account, so the promo code of “onlineoffer” is supplied.
Learn more about GE Capital Retail Bank at www.gecrb.com or 866-226-5638.
Compare these returns with the best CD rates from scores of banks in our extensive database.