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GE Capital Bank CD Rates Reviews

Advertiser Disclosure
5th
  • APY%
  • Term Months
  • Required Balance$0
  • Pros
  • Multinational firm with financial vigor
  • Wide choice of CD products
  • FDIC insured
  • 24/7 customer service
  • Online account tracking
  • Cons
  • $2,000 minimum balance

GE Capital Bank CD Rates

GE Capital Bank is known as an industry leader and provides retail banking services to consumers across the board. From merchants to businesses, GE Capital Bank has the tools and CD rates to suit every customer. All accounts are backed by the financial solidity of this top-rated multinational firm. Coupled with their financial strength, and a 12-month annual yield starting at .85%, this high-yielding CD is a big plus for the company. Be sure to check directly with GE Capital Bank for up-to-date and accurate figures.

In terms of selection, GE offers consumers a wide array of CDs over different maturity dates. Whether you're in the market for a long term CD with a higher APY or shorter term account, you're bound to find one that suits your income and budget.

By far one of the most convenient features is the 24/7 customer service and online account tracking. GE Capital Bank representatives are on hand waiting to help you with any banking related inquiries. You'll never have to worry about the status of your account or CD rates with their around the clock support. Moreover, if you're one of those people who hates filling out applications, you'll also be relieved to know that GE's process is simple and fast. The downside is that they require a minimum balance of $2,000 to open the account. This could pose a bit of a problem for some people but if you have the funds to invest, it's highly recommended to jump on this promotional offer.

The last major concern that's worth addressing is the early withdrawal restrictions. In the event that you encounter an unexpected emergency and need access to your money before the CD term ends, you can withdraw the money. However, you will be assessed an early penalty fee on the amount of the principal which is equal to 3 or 6 months of the interest that's been paid or would have been paid prior to withdrawal. This fee tends to be standard with CD accounts so it's not a deal breaker by any means. Take another look and review GE Capital Bank's pros and cons listed above.

Verdict - Fair

Given the collection of positives and few negatives, GE Capital Bank gets a 5-star rating. It's recommended that you open this account while the CD rates are still high. You'll earn interest at a yield that is highly competitive in today's economic environment, have the security of a world-wide banking leader, plus identity theft protection services.

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GE Capital Bank CD Rates Consumer Reviews

Average Customer Rating

2 out of 10 rating 2 3 User Reviews

User Rating Distribution

Ratings: 10 - 9 0
Ratings: 8 - 7 0
Ratings: 6 - 5 0
Ratings: 4 - 3 1
Ratings: 2 - 1 2
2 out of 10 rating 2 None Bad Customer service

I should have read reviews before opening an account with GE Capital. All of the reviews I have read since are spot on to my experiences. There customer service is non existent and I have been left on hold a couple of times for at least 20 minutes. The worst company i've ever dealt with.

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2 out of 10 rating 2 Interest rates Customer service

Their customer service is a joke. The only good thing about GE is their interest rate, apart from that they have no good points.

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3 out of 10 rating 3 None unresponsive online service

I've done quite a bit of research looking for banks who offer CDs and I must say the negative reviews about this provider are consistent with my experience. An unresponsive online service and poor customer service indicate their level of customer satisfaction which is low.

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Advertiser Disclosure

In order for MoneySavingPro to remain a consumer free service, many of the companies covered in our industry reviews compensate MoneySavingPro for new sign ups.

However, the results of our comparison tools, the rankings of the providers and the information presented is not affected by compensation. Indeed, many of these companies approach us for an advertising partnership after we have already written a published their reviews.

While we try to research and review as many providers as possible in the 100+ industries we cover, we have not reviewed every company available.

Our rating system is independent of compensation and reflects our true understanding of the industry and the company based on a variety of factors. The companies that receive the highest rating will always be the providers that we believe offer the best value to the consumer.

Advertiser Disclosure

In order for MoneySavingPro to remain a consumer free service, many of the companies covered in our industry reviews compensate MoneySavingPro for new sign ups.

However, the results of our comparison tools, the rankings of the providers and the information presented is not affected by compensation. Indeed, many of these companies approach us for an advertising partnership after we have already written a published their reviews.

While we try to research and review as many providers as possible in the 100+ industries we cover, we have not reviewed every company available.

Our rating system is independent of compensation and reflects our true understanding of the industry and the company based on a variety of factors. The companies that receive the highest rating will always be the providers that we believe offer the best value to the consumer.