Geauga Savings Bank pushes for an attractive money in the bank deal through their high interest savings account earning as much as 2.10% APY. The best savings account is structured as follows:

$0 to $999.99 no interest
$1,000 to $9,999.99 1.20% APY
$10K to $49,999.99 1.60% APY
$50K and over 2.10% APY

The current interest rates are effective with a posted date of October 5. Remember to visit the bank’s rate page prior to opening anything since these interest rates can be changed any time without notice.

This savings account requires $50 to open. You may want to keep your savings above the $1,000 line to avoid a monthly service fee of $10. Account holders will also be charged a $30 early closing fee if you decide to close the account within 3 months after opening.

It seems that a branch visit is necessary to open an account. If you have inquiries about this savings account offering you can call them through 1800-GSB-6250.

The bank is headquartered in Newbury, Ohio. It was established in 1983 and has been covered by the FDIC since 1985. They are indexed under certificate number 32287.

The bank gets 3 stars for performance from BauerFinancial while bankrate.com issued 2 stars for safety and soundness. These were based on their June 2009 financial data.