Wow! Look at Giant Certificates of Deposit (CDs).
This Giant Bank CD review takes a good look into their high  yield certificates of deposits. The object is to review what Giant Bank offers and how it compares to other banks.

Features of the CD accounts at GiantBank.com –

You may open your high interest cd account with a $2,500 minimum deposit ($1,000 for an IRA, $500 for a Coverdell Education Savings Account). Some banks, like Ally, do not have a minimum requirement. Others, like Discover Bank, have the same minimum requirement. And, some, like Chase bank, require $10K or more to get their best interest rates. Giantbank.com offers available in terms of 3, 6, 9, 12, 24, 36 and 60 months. Whereas Giantbank.com increases the interest rate solely based upon the term, other banks increase your rate with the amount you are willing to deposit. Giant Bank is FDIC insured under their parent company, Landmark Bank N.A. Giantbank.com allows you the option to transfer the interest to your giant checking or money market account, or have a check mailed directly to you. The interest is compounded daily and paid monthly. This has become fairly standard practice with banks offering the best cd rates in the nation.

Rates and Fees of GiantBank.com CDs–

Giantbank.com not only offers above industry average rates, their CD rates are among the highest interest rates in the nation. The national average APY rates for a 3 month CD are presently around .22%. Bankrate.com has an average for those banks on their website at .32%. Giantbank.com offers .45%. The other terms have equally high APY rates when compared to the best cd interest rates offered by banks in America. The amount of money you stick into one of these accounts doesn’t make a difference as long as you make the minimum deposit requirement. As you have your principal in your CD account, you may take out the interest without penalty. The quoted APY rate is based upon leaving the interest in the account until maturity, so gains will be reduced, if you utilize this option. If you take out principle, you will be tagged with a withdrawal fee dependent upon how much time remains until maturity. If you withdraw principal and the original maturity is 6 months or less, a fee may be imposed equal to 3 months of interest. If the original maturity is more than 6 months, a fee may be imposed equal to 6 months of interest on the amount withdrawn.

Summary of GiantBank.com Certificates of Deposit –

Giantbank.com is vying for your business. They have some of the highest CD rates with nominal fees. The website is not as user friendly as others, meaning I had to really look to find some of my information. Plus, their disclosure statement is a very long document. When you compare with the other online banking institutions, giantbank.com can say they are competing with the best in the biz as far as CDs are concerned. You can check out our website, at www.banktruth.org, to find the best rates for other deposit accounts as well.