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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.

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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
2 - Year Jumbo Share Certificate$100,0002.96%3.00%
2 - Year Jumbo IRA Certificate$100,0002.97%3.00%


Bump Certificates** (includes HSA and IRA Certificate options)

rates_certificate_bump table
TermMinimum BalanceRateAPY
3 - Year Share Bump Certificate$5003.01%3.05%
3 - Year IRA/HSA Bump Certificate$5003.02%3.05%
5 - Year Share Bump Certificate$5003.25%3.30%
5 - Year IRA Bump Certificate$5003.26%3.30%


Standard Certificate Rates*

rates_share_certificates table
TermMinimum BalanceRateAPY
1 - Year$5001.98%2.00%
2 - Year$5002.47%2.50%
3 - Year$5002.58%2.60%
5 - Year$5003.05%3.10%
1 - Year Jumbo$100,0002.23%2.25%


Open a Share Certificate now!

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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. Substantial penalties for early withdrawal on all certificates. Refer to the Account Disclosure for account information. 

**APY = Annual Percentage Yield. Fees may reduce earnings. Substantial penalties for early withdrawal on all certificates. Bump Certificates are new products and offer does not apply to existing certificates. This offer and details, including the stated APY, are accurate as of July 10, 2018, are available for a limited time and are subject to change 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. Bump Certificates: Terms include 3- and 5-Year Bump Certificates. During the term of this certificate, the certificate owner has the option to initiate a rate adjustment one time per year during the term of their certificate to the prevailing GECU rate on that product. The certificate owner must provide a written or verbal request. One rate adjustment per year is reflective of an anniversary year, based on the certificate open date. This offer is applicable to new money or funds from maturing certificates at GECU. New money is defined as proceeds not previously on deposit with GECU. To change an existing termed certificate outside of its 7-day grace period, you will be assessed a penalty fee and must add a new money equivalent to the current balance of the certificate(s) the day the penalty is assessed if under $10,000; for balances of $10,000 or more, you must add a minimum deposit of at least $10,000 in new money. If electing to use non-maturing deposits currently with GECU, when transferring balances under $10,000, you must match (or exceed) the amount transferred from your GECU account with a new money; if transferring balances of $10,000 or more, you must add a minimum deposit of at least $10,000 in a new money.


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