GRB offers both traditional CDs, outlined in the chart below, and access to the CDARS network.
CDARS (Certificate of Deposit Account Registry Service) allows businesses, nonprofits, and individuals access to $50 million in FDIC insurance. When a client places a large amount with GRB, we place funds into CDs at other banks in the CDARS network – increments of less than $100,000 – so that both principal and interest are eligible for complete FDIC protection.
One Bank: While we are a member of the CDARS network and your deposits will be at many banks, you will work with just GRB, where, as always, confidential account information remains protected.
One Rate: Negotiate one rate with GRB for each CD maturity and enjoy the option of reinvesting funds through a simple process.
One Statement: Receive one easy-to-read statement from GRB summarizing all of your CD holdings.
Current CD Rates
| Term |
Opening to Obtain APY* |
Interest Rate** |
APY |
| 7 to 31 Days |
$500 |
0.25% |
0.25% |
| 32 Days to 5 Months |
$500 |
0.25% |
0.25% |
| 6 to 11 Months |
$500 |
0.40% |
0.40% |
| 12 to 17 Months |
$500 |
0.90% |
0.90% |
| 17 Month Special |
$500 |
1.24% |
1.25% |
| 18 to 23 Months |
$500 |
1.09% |
1.10% |
| 24 to 29 Months |
$500 |
1.19% |
1.20% |
| 30 to 35 Months |
$500 |
1.34% |
1.35% |
| 36 to 47 Months |
$500 |
1.59% |
1.60% |
| 48 to 59 Months |
$500 |
1.83% |
1.85% |
| 60 Months + |
$500 |
2.08% |
2.10% |
| 24 Month Variable |
$500 |
1.62% |
1.63%
(50% of 3.25% prime rate) |
| 48 Month Variable |
$500 |
2.09% |
2.11%
(65% of 3.25% prime rate) |
*APY - Annual Percentage Yield.
**Additional 0.25% (APY) given during the initial term of CDs with Direct Depsit of payroll or retirement income into a GRB account.
All interest rates and product terms are offered effective 12/15/09 and are subject to change without notice. Substantial penalties may be imposed for early withdrawal. Such fees could reduce earnings in the account. See GRB representative for other terms and conditions of each account type.
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