RATES

/RATES
RATES2018-11-13T20:53:35+00:00

Let us help you reach your financial goals with great rates:

Checking, Savings & Money Market Accounts

Annual Percentage Yields (APY) are accurate as of November 14, 2018. Geauga Savings Bank makes every attempt to keep interest rates current, however this page is subject to change without notice. To verify our deposit rates, please call (800) 462-6250. Local rates only.
Account Interest Rate APY Minimum Opening Deposit Minimum Amount to Earn Interest Minimum Amount to Avoid Charges Interest Credited
Super Checking 0.10% 0.10% $50.00 $500.00 $500.00 Monthly
Basic Checking
none
none
$50.00 none none none
Advantage Checking none none $50.00 none $2,000.00 none
Advantage Direct Checking 0.10% 0.10% $50.00 $2,000.00 plus Direct Deposit $2,000.00 plus Direct Deposit Monthly
Local rates only. Local is defined as residing in either Geauga, Lake, Ashtabula, Cuyahoga, Trumbull, Portage, or Summit County. For variable-rate accounts, the rate may change after the account is opened.  We use the daily balance method to calculate the interest on our accounts.
Annual Percentage Yields (APY) are accurate as of November 14, 2018. Geauga Savings Bank makes every attempt to keep interest rates current, however this page is subject to change without notice. To verify our deposit rates, please call (800) 462-6250. Local rates only.
Account Interest Rate APY Minimum Opening Deposit Minimum Amount to Earn Interest Minimum Amount to Avoid Charges Interest Credited
Money Market $50.00 $1,000.00 $2,500.00 Monthly
$1,000 to $2,499.99
0.05%
0.05%
$2,500 to $24,999.99 0.05% 0.05%
$25,000 to $99,999.99 0.20% 0.20%
$100,000+
1.75% 1.75%
A fee will be assessed for each transfer/withdrawal that exceeds the limit of 6 not including those made by mail, in person, by telephone, with check mailed to you, messenger, ATM or to repay loans with us. Please refer to separate Truth-in-Savings disclosure and fee schedule for additional information about charges. Local rates only. Local is defined as residing in either Geauga, Lake, Ashtabula, Cuyahoga, Trumbull, Portage, or Summit County. For variable-rate accounts, the rate may change after the account is opened. We use the daily balance method to calculate the interest on our accounts.
Annual Percentage Yields (APY) are accurate as of November 14, 2018. Geauga Savings Bank makes every attempt to keep interest rates current, however this page is subject to change without notice. To verify our deposit rates, please call (800) 462-6250. Local rates only.
Account Interest Rate APY Minimum Opening Deposit Minimum Amount to Earn Interest Minimum Amount to Avoid Charges Interest Credited
HSA Serious Savers 0.05% 0.05% $50.00 $0.00 $0.01 Quarterly
Local rates only. Local is defined as residing in either Geauga, Lake, Ashtabula, Cuyahoga, Trumbull, Portage, or Summit County. For variable-rate accounts, the rate may change after the account is opened. We use the daily balance method to calculate the interest on our accounts.
Annual Percentage Yields (APY) are accurate as of November 14, 2018. Geauga Savings Bank makes every attempt to keep interest rates current, however this page is subject to change without notice. To verify our deposit rates, please call (800) 462-6250. Local rates only.
Account Interest Rate APY Minimum Opening Deposit Minimum Amount to Earn Interest Minimum Amount to Avoid Charges Interest Credited
Statement Savings $50.00 $100.00 $100.00 Quarterly
$100 to 999.99
0.05%
0.05%
$1,000 to 2,499.99 0.05% 0.05%
$2,500 to 9,999.99 0.05% 0.05%
$10,000 +
0.05% 0.05%
High Yield Savings $50.00
$1,000.00
$1,000.00
Quarterly
$1,000.00 to 9,999.99
0.25%
0.25%
$10,000 to 24,999.99
0.35%
0.35%
$25,000 to 49,999.99
0.60%
0.60%
$50,000 and over
0.70%
0.70%
Local rates only. Local is defined as residing in either Geauga, Lake, Ashtabula, Cuyahoga, Trumbull, Portage, or Summit County. For variable-rate accounts, the rate may change after the account is opened. We use the daily balance method to calculate the interest on our accounts.
Penalty fee for early withdrawal. Other account fees may reduce earnings.  Please view our account disclosures for all additional fees. Rates are applicable to entire account balances.

CD & IRA

Annual Percentage Yields (APY) are accurate as of November 14, 2018. Geauga Savings Bank makes every attempt to keep interest rates current, however this page is subject to change without notice. To verify our deposit rates, please call (800) 462-6250. Local rates only.
Product Interest Rate APY
3 Months
0.10% 0.10%
6 Months 0.15% 0.15%
9 Months 0.25% 0.25%
12 Months 0.30% 0.30%
18 Months 1.55% 1.55%
24 Months 1.70% 1.70%
30 Months 1.70% 1.70%
36 Months 1.80% 1.80%
48 Months 1.90% 1.90%
60 Months 2.00% 2.00%
Regular CD:
$1,000 Minimum to Open.Terms of 3 months thru 12 months-interest is paid at maturity.Terms greater than 12 months-interest is paid annually on the anniversary date based on the maturity date and at maturity. Grace period – 7 days after maturity date – Interest Computation – Simple (365). Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –
  • If your account has an original maturity of 12 months or less:The fee we may impose will equal 90 days interest on the amount withdrawn subject to penalty.
  • If your account has an original maturity of 18 months:The fee we may impose will equal 180 days interest on the amount withdrawn subject to penalty.
  • If your account has an original maturity of 24 months or more:The fee we may impose will equal 365 days interest on the amount withdrawn subject to penalty.
Please note : IRAs can be opened with no minimum balance for any CD term
For variable-rate accounts, the rate may change after the account is opened. See minimum balance requirements. Fees can reduce the earnings on the account. Penalty may be imposed for early withdrawal.

Business Checking

Annual Percentage Yields (APY) are accurate as of November 14, 2018. Geauga Savings Bank makes every attempt to keep interest rates current, however this page is subject to change without notice. To verify our deposit rates, please call (800) 462-6250. Local rates only.
Account Interest Rate APY Minimum Opening Deposit Minimum Amount to Avoid Charges
Special Business Checking

none

none

$50.00 No minimum balance is required
Interest Business Checking
$0-$9,999.99 none none $50.00 $10,000.00
$10,000-$49,999.99 0.10% 0.10% $50.00 $10,000.00
$50,000+ 0.15% 0.15% $50.00 $10,000.00
Other account fees may reduce earnings.  Please view our account disclosures for all additional fees
Local rates only. Local is defined as residing in either Geauga, Lake, Ashtabula, Cuyahoga, Trumbull, Portage, or Summit County. See minimum balance requirements. Penalty may be imposed for early withdrawal. We use the daily balance method to calculate the interest on our accounts.

Mortgage

Product Rate APR Months
Payments
15 Year Fixed Rate 4.125% 4.328% 180 $1,230.85
30 Year Fixed Rate 4.875% 4.994% 360 $873.19
Important Loan Information
APRs based on $165,000.00 loan amount single family residence with 20% down payment and a 740+ FICO. Loans with less down payment may require mortgage insurance which will increase monthly payment. Taxes and insurance required but not included in payment amounts. The actual payment will be greater. Stated rates are not eligible for loan modifications. Maximum 45-day rate lock. Contact our Mortgage Loan Originators for details on all our mortgage products.
All rates subject to credit approval, subject to change without notice and effective as of: November 14, 2018. Rates displayed on this page are for loan amount of $453,100.00 or less. Higher loan amounts are available. APR=Annual Percentage Rate. Equal Housing Lender.
Product Rate APR Points
Months Payments
1/1 ARM
(1 Year Libor)
3.500% 5.311% 0.000% 1-12
13-360
$740.92
$918.89
3/1 ARM
(1 Year Libor)
4.00% 5.142% 0.000% 1-36
37-360
$787.74
$912.99
3/3 ARM
(3 Year CMT)
4.125% 5.172% 0.000% 1-36
37-360
$799.67
$914.07
5/1 ARM
(1 Year LIBOR)
4.250% 5.051% 0.000% 1-60
61-360
$811.70
$908.95
5/5 ARM
(5 Year CMT)
4.625% 5.268% 0.000% 1-60
61-360
$848.33
$925.39
7/1 ARM
(1 Year LIBOR)
4.875% 5.226% 0.000% 1-84
85-360
$873.19
$914.75
Important Loan Information
Interest rate, payment and APR for ARM loans may increase after consummation because interest rates are calculated on margins plus movable indexes. All conforming ARM products have margins of 2.50%. Interest rate changes on all products are limited to period maximums of 2% and life of loan maximums of 5%. Beginning payments represent actual principal and interest amounts due for $165,000.00 loan amount for 30 years on a single family residence. Subsequent payments are representative amounts based on the recent index value plus the margin for remaining term. Future index values may be greater (or less) than stated “recent index” values causing actual future principal and interest payments to be different than stated here. Contact our Mortgage Loan Originators for details on all our mortgage products.
APRs based on $165,000.00 loan amount single family residence with 20% down payment and a 740+ FICO. Loans with less down payment may require mortgage insurance which will increase monthly payment. Taxes and insurance required but not included in payment amounts, the actual payment will be greater. Stated rates are not eligible for loan modifications. Maximum 45-day rate lock.
All rates subject to credit approval, subject to change without notice and effective as of: November 14, 2018. Rates displayed on this page are for conforming loans (less than or equal to $453,100). Higher loan amounts are available. APR=Annual Percentage Rate. Equal Housing Lender.
Local rates only. Local is defined as residing in either Geauga, Lake, Ashtabula, Cuyahoga, Trumbull, Portage, or Summit County. All checking and savings rates and APYs are subject to change after the account is opened.