bank rates

GS Bank Is Offering Top CD Rates

If you’re in the market for a CD, GS Bank is worth a look. It’s offering great deals on nearly every term. And it’s leading the pack on 3-year CDs.

In fact, GS Bank is offering 1.90% APY on 3-year CDs with a $500 minimum. That’s a tenth of a percentage point more than Synchrony Bank, which is also offering top rates.

You’ll also find that GS Bank is posting great deals on 2-, 4- and 5-year CD rates.

Of course, it’s always crucial to compare the best CD rates.

Here are GS Bank’s CD Rates for Five Terms:

GSĀ Bank’s CD Rates
Term Rate Minimum
1-year 1.40% APY $500
2-year 1.55% APY $500
3-year 1.90% APY $500
4-year 1.80% APY $500
5-year 2.25% APY $500

Requirements to open

You can open up a GS Bank CD online. You’ll need your Social Security Number, date of birth and valid US street address. You can transfer funds online or by check via snail mail.

In addition to the minimum deposit requirements, you’ll need to keep the CD through the full term to earn the APY. If you decide to withdraw early, you may get hit with a penalty.

The future of CDs

While the Fed rate hikes have pushed some banks to increase their rates, not all will be so quick to react. That makes it crucial to keep an eye out for banks, like Synchrony and Capital One, that are already on the move.

Make sure to check out the best CD rates daily.

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