In initial days of the evolution of banking it was limited only to provide different financial solutions to its customers. It had nothing to do with the community service or corporate citizenship. But gradually, banking has come a long way. Apart from doing the commercial banking, nowadays more and more banks are getting involved in different types of community building programs as well. In doing so they not only become popular in a particular community, but attract more customers as well. Geauga Savings bank was formed basically to serve the community. The bank was established in the year 1983 to provide variety of financial products and services to the community living in Geauga County and Eastern Cuyahoga County. It had a mission that it would not only do the commercial banking but also help the community in building up the future. Within few years of the inception the bank became a household name in the community.

In commercial services the bank offers outstanding products at very affordable rates. As the prime motive of the bank is not to make huge profits, it is able to offer its mortgage products at very competitive rates. In deposits too the bank offers higher rates and security. The deposits lying with the bank are secured with FDIC with a maximum value of $ 100,000/-. In accounts the bank offers personal checking accounts, Personal Savings accounts & Business accounts. In CDs it offers wide range of products with low to high rate of interests, depending upon the period of deposit. It also provides different loan calculation tools to assist the customer find out the best suited loan product. This tool helps a customer to know what amount of interest and EMI he is supposed to pay for certain period based on a particular loan amount. Customer privacy is also maintained by the bank as the data is not shared to any outsider and is used only for bank purposes.

The purpose for which the bank was formed was to assist the community. To fulfill the dreams of the community the bank has initiated many community oriented programs. To assist the community and its neighborhood, the bank started a program to offer lower mortgage rates to buy a home at the near by places. These lower rates are offered to the teachers, members of the armed forces and other general people, in turn it has enabled many people to own their dream home. It also has participated in FHA housing loan program. This program allows the buyer of a house property to have flexible mortgage programs. This program is for medium and semi medium earning families. It offers the buyer to opt for a loan on as low as 3% down payments. There have been many beneficiaries of this program. Due to its community services the bank has been rated one among the toppers under bank ratings.

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Other Details:

Website: www.geaugasavings.com

Phone Number: (440) 564-9441

Address: 10800, Kinsman Road, Newbury, OH 44065

Minimum Balance: $ 100 - $ 1000

Interest: www.geaugasavings.com

Current Savings Account Rates: www.geaugasavings.com

Current CD Rates: www.geaugasavings.com