Continuing our BankShout profiles of Internet-based banks, today we look at giantbank.com. This online bank is a division of Landmark Bank, N.A., which according to giantbank’s website is based in Fort Lauderdale, Florida. Like other online financial institutions, giantbank focuses on efficiency and customer service, and says that reduction of traditional bank overhead helps to keep its costs low, so they can pass on higher deposit rates to customers.

The consumer deposit products on offer at giantbank.com are pretty standard. Giantbank offers an interest-bearing checking account, a money market savings, and certificates of deposit terms from 91 days to 60 months. As of Tuesday, May 25, 2010, the checking account paid .51% annual percentage yield (APY) for balances of $1000 or more; the money market required the same balance to earn the best yield of 1.21% APY. Giantbank.com is a familiar face on our BankShout best-of surveys for CDs, too, and the highest yield being paid by the bank is currently the 60-month term, at 2.21% APY for a minimum deposit of $2500.

Giantbank is pretty bare-bones with regard to services. They do have online bill pay, and a limited number of business banking products as well as retirement accounts in the form of IRAs. There’s no debit card rewards program for the checking account, but giantbank.com deposits are insured by the Federal Deposit Insurance Corporation. Giantbank’s website also says they do not accept brokered deposits.

You can learn more about giantbank.com at the bank’s website, and feel free to comment below on this or other online banking services you have used.