Gate City Bank: Savings Accounts, CDs, Money Market & Rates
Mission: Banksparency aims to make Gate City Bank's deposit accounts transparent and comparable to the market.
Analysis of Gate City Bank
Our verdict
CD Analysis
Gate City Bank offers CDs paying up to 4.00% APY on its 5 months term, across 9 term lengths.
Tracking 16 active CD products, useful for locking in today's rate before further moves at the Fed.
- Best CD use: locking in 4.00% APY for a 5 months term and laddering across multiple maturities.
Gate City Bank also offers High Yield Savings, a high-yield savings account paying 2.80% APY with a $50,000 minimum deposit. To earn the full 2.80% APY, a minimum balance of $50,000 is required. Below that, the rate drops to as low as 0.35% APY.
At 2.80% APY, Gate City Bank pays 7x the national savings average of 0.38%.
Additional Accounts
- Money Market Savings, a money market account at 2.50% APY.
- Relationship Savings, a savings account at 0.15% APY.
- Savings, a savings account at 0.10% APY.
Ideal User Profile
- Best for: simple saving without extra requirements.
Important Considerations
Deposit Accounts Overview
High Yield Savings
Minor Savings
Relationship Savings
Savings
Money Market Savings
Market Reality Check
This institution offers rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Deposit Accounts: In-Depth View
Savings Accounts Offered by Gate City Bank
| Feature | High Yield Savings | Minor Savings | Relationship Savings | Savings |
|---|---|---|---|---|
APY | 2.80%Range: 0.35% - 2.80%Verified: 8/15/2026 | 0.15%Verified: 8/15/2026 | 0.15%Verified: 8/15/2026 | 0.10%Verified: 8/15/2026 |
APY Trend | N/A | N/A | N/A | N/A |
Min. Deposit | $50,000 | N/A | $50 | $50 |
Min. Balance | $50,000 | N/A | $100 | $200 |
Monthly Fee | N/A | N/A | N/A | N/A |
Direct Deposit | None | None | None | None |
Checking Bundle | No | No | No | No |
In-Branch Access | Yes | Yes | Yes | Yes |
Compounding | N/A | N/A | N/A | N/A |
FDIC Insured | Yes | Yes | Yes | Yes |
Eligibility | United States | United States | United States | United States |
| Next Steps | - | - | - | - |
Interactive Tool
Calculate Savings for Gate City Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$8,336.00(11.7%)
- Total Contributions$13,000
- Initial Deposit$50,000
Projected Balance
$71,336.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Gate City Bank Deposit Rates Over Time
No historical data available.
Compare with Gate City Bank
| Feature | Current View Gate City Bank | Empty Slot |
|---|---|---|
| Product | - | |
APY | 0.35% - 2.80%Verified: 8/15/2026 | - |
APY Trend | N/A | - |
| Min. Deposit | $50,000 | N/A |
| Monthly Fee | N/A | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| In-Branch Access | Yes | - |
| Eligibility | United States | - |
Compounding | N/A | - |
FDIC or NCUA Insured | Yes | - |
| Next Steps | - | - |
CD Overview
CD Products Offered by Gate City Bank
| Feature | 3 Month CD 3 months | 3 Month Relationship CD 3 months | 5 Month CD Special 5 months | 6 Month CD 6 months | 6 Month Relationship CD 6 months | 1 Year CD 12 months | 1 Year Relationship CD 12 months | 13 Month CD Special 13 months | 2 Year CD 24 months | 2 Year Relationship CD 24 months | 3 Year CD 36 months | 3 Year Relationship CD 36 months | 4 Year Relationship CD 48 months | 4 Year CD 48 months | 5 Year Relationship CD 60 months | 5 Year CD 60 months |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
APY | 2.90%Verified: 8/15/2026 | 3.40%Verified: 8/15/2026 | 4.00%Verified: 8/15/2026 | 2.85%Verified: 8/15/2026 | 3.35%Verified: 8/15/2026 | 2.50%Verified: 8/15/2026 | 3.00%Verified: 8/15/2026 | 3.25%Verified: 8/15/2026 | 2.50%Verified: 8/15/2026 | 3.00%Verified: 8/15/2026 | 3.10%Verified: 8/15/2026 | 3.60%Verified: 8/15/2026 | 3.50%Verified: 8/15/2026 | 3.00%Verified: 8/15/2026 | 2.75%Verified: 8/15/2026 | 2.25%Verified: 8/15/2026 |
Term | 3 months | 3 months | 5 months | 6 months | 6 months | 12 months | 12 months | 13 months | 24 months | 24 months | 36 months | 36 months | 48 months | 48 months | 60 months | 60 months |
Min. Deposit | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
Early Withdrawal | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FDIC Insured | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Notes | - | A relationship CD is available only to customers who hold a Benefit Interest Checking account. | - | - | A relationship CD is available only to customers who hold a Benefit Interest Checking account. | - | A relationship CD is available only to customers who hold a Benefit Interest Checking account. | - | - | A relationship CD is available only to customers who hold a Benefit Interest Checking account. | - | A relationship CD is available only to customers who hold a Benefit Interest Checking account. | A relationship CD is available only to customers who hold a Benefit Interest Checking account. | - | A relationship CD is available only to customers who hold a Benefit Interest Checking account. | - |
Gate City Bank CD Rates Over Time
Money Market Accounts Offered by Gate City Bank
| Feature | Money Market Savings |
|---|---|
APY | 2.50%Range: 0.35% - 2.50%Verified: 8/15/2026 |
Min. Deposit | $500 |
Min. Balance | $500 |
Monthly Fee | N/A |
Direct Deposit | None |
In-Branch Access | Yes |
Compounding | N/A |
FDIC Insured | Yes |
Eligibility | United States |
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