GE Capital Bank Named a Best Savings Account by MONEY® Magazine
November issue cites banks with the highest interest rate and no transaction
fees or minimum balances
SALT LAKE CITY -- November 4, 2013
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.
GE Capital, Americas
Ned Reynolds, 203-229-5717
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