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General Electric Credit Union

Business Deposit Rates

Business Share/Savings

rates_business_sharesavings table
Deposit AmountRateAPY
$5.00.10%.10%

Effective 07/18/2018


Premier Business Checking*

rates_business_premier table
Deposit AmountRateAPY
$10,000.00 - $24,999.99.10%.10%
$25,000+.25%.25%

Effective 07/18/2018


Business Advantage Money Market**

rates_business_moneymarket table
Deposit AmountRateAPY
$25,000.00 - $99,999.99 (br)(Variable based on 1-Month Treasury Bill - 1.25% (margin)).74%.74%
$100,000.00 - $499,999.99 (br)(Variable based on 1-Month Treasury Bill - 1.00% (margin)).99%.99%
$500,000.00+ (br)(Variable based on 1-Month Treasury Bill - .50% (margin))1.49%1.50%

Effective 09/17/2019


IOLTA

rates_business_iolta table
Deposit AmountRateAPY
$01.00%1.00%

Effective 05/01/2019


Business Certificates

10-Month Certificate Special***

rates_business_certificate_special table
TermMinimum BalanceRateAPY
10 - Month Business Certificate$5002.08%2.10%
Effective 08/14/2019

Standard Certificates****

rates_business_certificates table
TermMinimum BalanceRateAPY
6 - Month Certificate$5001.73%1.75%
1 - Year Certificate$5001.98%2.00%
2 - Year Certificate$5002.17%2.20%
3 - Year Certificate$5002.32%2.35%
5 - Year Certificate$5002.42%2.45%
1 - Year Jumbo Certificate$100,0002.03%2.05%
2 - Year Jumbo Certificate$100,0002.22%2.25%

Effective 08/21/2019


Business Disclosures

 

APY = Annual Percentage Yield.
*You must deposit $25 to open a GECU business checking account. The account must be funded within 30 calendar days. We use the daily balance method to calculate dividends on dividend-bearing accounts. Dividends begin to accrue no later than the business day we receive the deposit to your account. You will receive the accrued dividends if you close your account before dividends are posted. APY will vary due to the account activity and balance. If your average daily balance is below $10,000, you will incur a $15 monthly maintenance fee. To earn dividends, you must have a balance greater than $10,000. The tiers are as follows: Tier 1 daily balance $10,000 to $24,999.99; Tier 2 daily balance $25,000 or more.
**It takes $25,000 to open this account. If the account falls below $25,000 any day of the month, there will be no dividends paid on that day of the month. The minimum balance in the account is $25,000; you must maintain the corresponding minimum daily balance to obtain the disclosed annual percentage yield. Rates earned are based on balance. The tiers are as follows: Tier 1 daily balance of $25,000 to $99,999.99 (1-Month Treasury Bill – 1.25%); Tier 2 daily balance $100,000 to $499,999.99 (1-Month Treasury Bill – 1.00%); Tier 3 daily balance $500,000 or more (1-Month Treasury Bill – .50%). All tiers are subject to variable rate pricing and will adjust weekly. We will update this rate weekly on Tuesday to reflect the previous Friday’s 1-Month Treasury Bill rate. If Tuesday is an observed holiday, it will be updated the next available business day. The 1- Month Treasury bill rate can be found from the U.S. Department of Treasury site under the “Daily Treasury Yield Curve Rate” drop down option.We use the daily balance method to calculate the dividend on your account. Dividends begin to accrue no later than the business day we receive the deposit to your account. APY will vary due to activity and balance. Rate may change after the account is open. Fees may reduce earnings. 
***10-Month Certificate Special: This is a limited-time offer through 10.31.19; all details including the stated APY, are accurate as of 8.14.2019. GECU reserves the right to end or modify this offer at any time. Minimum balance to open certificate and earn APY is $500. Certificates will be opened, and interest will accrue as of the date funding is received; funding must be received within 30 calendar days of opening the account. Fees may reduce earnings; subject to early withdrawal penalties. GECU will send you a maturity notice prior to renewal. Upon maturity, the certificate will automatically renew into the same term at the prevailing rate available. Requires a minimum deposit of $500, new money only. New money is defined as proceeds not previously on deposit with GECU.
****Fees may reduce earnings. Substantial penalties for early withdrawal on all certificates. Refer to the Business Account Disclosure for account information. 


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