Google Tracking Pixel
Skip to main content

General Electric Credit Union

Share Certificates

Reach your savings goals with a Share Certificate. 

Have extra funds lying around? Set them aside to grow with a high-return certificate.

Open An Account Compare Rates
Share Certificates Cincinnati OH

Low minimums, guaranteed returns.

A GECU certificate offers area-leading rates helping you build an optimal savings plan. With a variety of terms available, you can begin earning with as low as $500. Certificates give you a fixed-rate return making them a safe, risk-free option to help achieve your savings goals.

A Share Certificate includes: 


See how our rates compare.

Certificate Specials (includes IRA Certificates)

rates_certificate_special table
TermMinimum BalanceRateAPY
9 - Month Share Certificate*$5002.72%2.75%*
9 - Month IRA/HSA Certificate*$5002.72%2.75%*
33 - Month Share Certificate*$5003.28%3.33%*
33 - Month IRA/HSA Certificate*$5003.29%3.33%*
2 - Year Jumbo Share Certificate**$100,0002.96%3.00%**
2 - Year Jumbo IRA Certificate**$100,0002.97%3.00%**

Effective 10/01/2018

*9- and 33-Month Certificate specials are available for a limited time, for new money only. See below for full details.

Standard Certificate Rates

rates_share_certificates table
TermMinimum BalanceRateAPY
1 - Year$5002.13%2.15%
2 - Year$5002.62%2.65%
3 - Year$5002.72%2.75%
5 - Year$5003.20%3.25%
1 - Year Jumbo$100,0002.86%2.90%

Effective 09/28/2018


Open a Share Certificate now!

To open:


Certificate FAQs

What is a certificate?
Share certificates are fixed-term accounts, so the initial deposit amount and rate of return remain constant until maturity. The maturity of a certificate is based on the term, for example: a 1-year certificate would mature one year from the date opened. The dividend rate and annual percentage yield (APY) will not change for the term of the account. Dividends will be calculated daily and credited to the account monthly.
How is a certificate different from a bank CD?
They are the same, but the terminology is different. For regulatory reasons, Credit Unions offer certificates and banks offer CDs (Certificates of Deposit).
Can you explain laddering?
Laddering occurs when you open multiple certificates and stagger out the maturity dates; this way you’ll have access to funds at various times of the year. One way to achieve this is opening three (3) certificates at one time with terms of 1-year, 18-month, and 2-year certificate. After the first year, you’ll have funds from the certificates available to withdraw or reinvest every six (6) months.
What happens at maturity?
Certificates automatically roll over on the maturity date to a new certificate, with the same term, at the current rate. You’ll be notified by mail one (1) month before maturity and have seven (7) days from the maturity date to withdraw or transfer the funds with no penalty. A certificate addendum is mailed after a certificate rolls over.
How are dividends calculated and paid?
We use the daily balance method to calculate the dividends; dividends will be calculated daily and credited to the account monthly.
Do you offer different types of certificates?
Yes, we offer Share Certificates, IRA Certificates, and HSA Certificates.
Is there a penalty to withdrawal from the certificate?
It depends. You may withdraw dividends earned at any time with no penalty; however, there is a penalty for withdrawing the principal prior to maturity.
How is the penalty calculated?
The penalty is based on the principal penalized which doesn’t include dividends earned. Principal penalized equals the withdrawal amount minus any accrued dividends. You’ll be penalized 90 days of interest on terms less than 18 months and 180 days of interest for terms 18 months or higher.
Can I lose principal due to the penalty?
Yes, if you withdraw funds prior to earning either 90 or 180 days (depending on the term of the certificate) of the interest.
Can I change my certificate to a different term upon maturity?
Yes, you can change the certificate term that your existing certificate will roll into anytime in advance of the maturity date; it will take effect on the maturity date.
What are the requirements to open a certificate? Is there a minimum deposit?
First, you must be eligible for membership and become a member. To become a member, you must first have a share account with a minimum $5 deposit. Our certificates typically have a minimum $500 deposit, though we may at times offer specials with different minimums. We also offer jumbo certificates with $100,000 minimum.

 

 

 

APY = Annual Percentage Yield. Fees may reduce earnings. Penalties for early withdrawal on all certificates. Refer to the Account Disclosure for account information.

*9- and 33-Month Certificate Specials: This is a limited-time offer, all details including the stated APY, are accurate as of September 28, 2018. GECU reserves the right to end or modify this offer at any time. Certificates will be opened, and interest will accrue as of the date funding is received; funding must be received within 10 days of opening the account. Fees may reduce earnings; subject to early withdrawal penalties. Your Share Certificate will automatically renew at the end of the term. GECU will send you a maturity notice prior to renewal. Upon maturity, if the same term is no longer offered, the certificate will automatically renew into the closest term available with the best rate available for that term. This special requires a minimum deposit of $500, new money only. New money is defined as proceeds not previously on deposit with GECU. 
Rates are subject to change daily. Please call: 513.243.4328 or 800.542.7093 for the most current rates.
**2 Year Jumbo Certificate Special: This is a limited-time offer, all details including the stated APY, are accurate as of September 28, 2018. GECU reserves the right to end or modify this offer at any time. Certificates will be opened, and interest will accrue as of the date funding is received; funding must be received within 10 days of opening the account. Fees may reduce earnings; subject to early withdrawal penalties. Your Share Certificate will automatically renew at the end of the term. GECU will send you a maturity notice prior to renewal. Upon maturity, if the same term is no longer offered, the certificate will automatically renew into the closest term available with the best rate available for that term. 


Back to Top