giantbank.com CD Review

giantbank.com CD is offered by giantbank.com, a bank founded in 1999 and based in Ft. Lauderdale, FL. giantbank.com CD is available in 50 states (and Washington, DC).

• Only one CD account type available. Giant Bank CD only offers traditional CD accounts.
• Very high APY. This account offers an annual percentage yield of up to 0.25%, which is much higher than the national average for a CD account.
• High minimum deposit. You must deposit a minimum of $2,500, which is high compared to most CD accounts.
• Wide selection of CD terms. Giant Bank CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Are cd accounts from giantbank.com federally insured?

Yes, your giantbank.com cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does giantbank.com offer?

• Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.

What CD rates does giantbank.com offer on its CDs?

The CD rates for this account have an APY of0.25% (APY stands for annual percentage yield, rates may change).

What is the minimum deposit to open a CD account with giantbank.com?

Giant Bank CD requires a minimum deposit of $2,500 to open an account.

What is the grace period for Giant Bank CD?

There is a 10-day grace period for Giant Bank CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Giant Bank CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

giantbank.com does not charge an early withdrawal fee.