November issue cites banks with the highest interest rate and no transaction fees or minimum balances
SALT LAKE CITY, UT --- GE Capital Bank's online bank, launched earlier this year, was named a best savings account in the U.S. in MONEY® magazine's "Best Banks 2013" list.
The magazine's November issue examines retail banks, online banks and credit unions based on research by financial services consulting firm Novantas. GE Capital Bank offered one of the highest interest rates of all online accounts surveyed with no transaction fees and no minimum balance requirements.
"We are focused on helping our customers reach their savings goals with better rates, better service and a convenient website," said Chris Favilla, U.S. Deposits Leader of GE Capital Bank. "We're excited to get this recognition from Money® magazine as it acknowledges the value to today's investors of offering these straightforward benefits."
About GE Capital Bank
Launched in June 2013, GE Capital Bank is a Utah chartered industrial bank owned by GE Capital that offers online savings accounts and certificates of deposit (CDs) with terms ranging from six months to six years. As a member of the Federal Deposit Insurance Corporation (FDIC), the bank offers protection up to the maximum allowed by the law. For more information, visit www.GECapitalBank.com or call 1-855-730-SAVE (7283) Monday to Friday between 7am - 11pm CT.
GE Capital Bank acts as a multi-product commercial finance bank that uses consumer deposit accounts to fund loans and leases for commercial customers. This allows it to provide cost-effective financing to small and mid-sized customers that are integral to the health of the U.S. economy.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (www.twitter.com/GECapital).
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
MONEY® magazine, November 2013 © 2013 Time Inc. Used under license. MONEY magazine and Time Inc. are not affiliated with, and do not endorse products or services of, Licensee.
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