Golf Savings Bank is offering a 4 year 3.5% APY CD and a 1 year 2.30% APY certificate of deposit both with a minimum deposit of $10,000. The rate locks when you submit your application and there’s an online banking application that’s available nationwide. The 4 year CD has an early withdrawal penalty of 1 years’ interest and a grace period of 10 days at maturity. If you want to close the CD at maturity they require written instructions to do so. To visit their site click here.
Golf Savings is also offering a savings account that yields 0.25% APY on balances below $1,000, 1.26% APY on balances from $1,000 to $10,000, 1.77% APY on balances from $10,000 to $50,000, and 2.02% APY on balances above $50,000. There’s a $3 monthly fee if you account falls below $300.
Golf Savings Bank is also offering a money market account called the VIP Money Market Account. To qualify you must have a separate account of $10,000 or more with them. The minimum balance is $2,500 and there’s a $15 fee if your balance falls below $2,500. The rates on the account are:
0.65% APY up to $2,500
1.90% APY $2,500-$10,000
2.15% APY $10,000-$50,000
2.30% APY $50,000-$100,000
2.35% APY $100,000-$250,000
2.40% APY on balances over $250,000
Golf Savings Bank has its headquarters in Mountlake Terrace, Washington. They have a strong 4 out of 5 star soundness rating from bankrate and are FDIC insured. Searching for the best jumbo CD rates?