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GE Capital Retail Bank Increases 1 Year Bank CD Rate to 1.09% APY 1.10%

GE Capital Retail Bank once again has the best CD rate in our 12 month certificate of deposit rate database. GE Capital Retail Bank increased their 1 year bank CD rate to 1.09 percent with an annual percentage yield (APY) of 1.10 percent. The bank increased their 1 year CD rate from 1.04 percent with an APY of 1.05 percent.

GE Bank used to have the highest 1 year CD rate for many months until two banks, Virtual Bank and EverBank, increased their 1 year CD rates to 1.06 percent with an APY of 1.07 percent. Now GE Bank reigns with the top CD rate once again. The minimum opening deposit for GE's CD account is $500.



The interesting thing is GE Bank kept their 1 year Optimizer Plus CD rate at 1.04 percent with an APY of 1.05 percent. The Optimizer Plus CD account requires a minimum deposit of $25,000. Usually banks will give depositors a slightly higher CD rate for a larger deposit. I bet GE Bank will also increase their 12 month Optimizer Plus CD rate to 1.09 percent with an APY of 1.10 percent matching their regular 12 month CD rate.

Listed below is a complete list of GE Capital Retail Bank's current CD rates

  • 6 Months Rate 0.70% APY 0.70%

  • 9 Months Rate 0.70% APY 0.70%

  • 12 Months Rate 1.09% APY 1.10%

  • 18 Months Rate 1.04% APY 1.05%

  • 24 Months Rate 1.19% APY 1.20%

  • 30 Months Rate 1.14% APY 1.15%

  • 3 Years Rate 1.34% APY 1.35%

  • 4 Years Rate 1.64% APY 1.65%

  • 5 Years Rate 2.23% APY 2.25%

  • 6 Years Rate 2.27% APY 2.30%


You can open a GE Capital Retail Bank certificate of deposit by going to the bank's website here: GE Capital Retail Bank Certificate of Deposit

 
 
Author: Brian McKay
May 17th, 2014