Geauga Savings Bank Rates & Review

Geauga Savings Bank Review

Established in 1983, Geauga Savings Bank offers personal and business banking options online and locally to their customers in the Newbury, Ohio, area. The bank recently donated a bank-owned property to the local Ohio Habitat for Humanity.

Savings and checking accounts

Personal checking account plans include a free checking account as well as an interest-bearing account which requires higher daily balances. Business checking accounts include an account that avoids a monthly fee with a $3,000 minimum balance.

Savings account options include a high yield savings account and money market account options. CDs and IRAs are available with maturities from 3 months to 60 months. IRA accounts include Traditional, Roth, SEP, Rollover, Coverdell, and Simple account options.

Loans

Geauga Savings Bank offers fixed-rate, adjustable-rate, and jumbo mortgages.

Services

Services offered to customers include online banking, budgeting and forecasting tools, financial calculators, bill pay, instant access telephone banking, and Visa debit cards. Geauga Savings is a part of the Money Pass ATM Network; customers visiting in-network ATMs avoid additional fees.

Deposit insurance

Geauga Savings Bank is a member bank of the Federal Deposit Insurance Corporation. The temporary increase in FDIC coverage from $100,000 to $250,000 per depositor was made permanent in July 2010. All eligible deposits are FDIC-insured up to at least $250,000 per depositor. Joint accounts are FDIC-insured up to at least $250,000 per account holder.

Compare savings account rates from Geauga Savings Bank and more than 400 other banks at SavingsAccounts.com.