Who is GE Capital Bank?
Our GE Capital Bank review has all the pertinent facts you need to make a proper decision for your money. For starters, GE Capital Bank is an Internet bank division of GE Financial Services. First established in 1993, GE Capital Bank has been providing high interest rates on the different accounts they offer. GE Capital Bank is focused mainly on helping you save your money, since the two accounts they offer are online savings accounts and CDs.
In our GE Capital Bank review we have found the following benefits. Savers can appreciate the high interest rates offered by GE Capital Bank. Because they are focused mainly on helping you save money, the interest rates are higher than most other banks. Other benefits include:
- There is no minimum balance required to open an online savings account
- You will receive the highest interest possible no matter if you have $1 in the savings account or $1,000,000.
- There are no transaction fees associated with the savings account.
- GE Capital Bank offers CDs from 6 months to 6 years.
- Customer service agents are easy to work with and answered all phone calls promptly. Email support took about 24 hours to receive answers to our questions, but they were helpful and direct.
- Interest is compounded daily and paid monthly.
- Website is easy to use and sign up for different accounts.
The benefits of having a savings account or CD with GE Capital Bank are many. The high interest rates mean you will be earning the most for your money.
Our GE Capital Bank review would be incomplete without listing at least one drawback to their service. Since GE Capital Bank is an online only bank, which is surprising that they don’t offer 24/7 customer service, which can be irritating if you need to get in touch with a customer service agent on weekends.
One other drawback of banking with GE Capital Bank is the $500 minimum deposit required to open a CD account.
Is GE Capital Bank a Good Option?
At the end of our GE Capital Bank review we can tell you that if your goal is to find a bank with the best online savings rates, GE Capital Bank is the best bank for you! The interest rates offered through GE Capital Bank are far above the national average and even higher than the best online banks. This makes the interest rates and CD rates almost unbeatable by other banks. If you are looking for a bank to help you save money, GE Capital Bank is a great option to look into!
GE Capital Bank
PO Box 4571
Carol Stream, IL 60197-4571
Customer Service Number