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General Electric Credit Union

Business Deposit Rates

Business 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
$0.01 to $24,999.99.14%.15%
$25,000.00 to $99,999.99.29%.30%
$100,000.00 - $499,999.99.59%.60%
$500,000.00+.59%.60%

Effective 08/01/2020


IOLTA

rates_business_iolta table
Deposit AmountRateAPY
$01.00%1.00%

Effective 05/01/2019


Business Certificates

Certificate Specials***

rates_business_certificate_special table
TermMinimum BalanceRateAPY
11 - Month Business Certificate$5001.20%1.21%
11-Month Certificate offer extended through 12.31.20.
Effective 09/22/2020

Standard Certificates****

rates_business_certificates table
TermMinimum BalanceRateAPY
6 - Month Certificate$500.59%.60%
1 - Year Certificate$500.79%.80%
2 - Year Certificate$500.94%.95%
3 - Year Certificate$500.99%1.00%
5 - Year Certificate$5001.14%1.15%
1 - Year Jumbo Certificate$100,000.84%.85%
2 - Year Jumbo Certificate$100,000.99%1.00%
 
Effective 11/19/2020


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.
**Business Advantage Money Market Account (BAMMA): Annual percentage yield (APY) is accurate as of 8.1.2020. There is no minimum balance requirement to open this account. Funding must be received within 30 calendar days of account opening. Dividends begin to accrue no later than the business day we receive the deposit to your account. To earn dividends, you must have a balance greater than $0. Rates earned are based on balances, calculated daily, and compounded to the account monthly. Dividend rates are based on the account balance and account tier. The tiers are as follows: Tier 1 daily balance of: $0.01 to $24,999.99; Tier 2: $25,000 to $99,999.99; Tier 3: $100,000 to $499,999.99; Tier 4: $500,000 or more. All tiers are subject to variable rate pricing. Under no circumstance will the rate for any tier be less than 0.10%. Fees may reduce earnings. This account is subject to Reg D limitations.  
***11-Month Certificate Special: This is a limited-time offer, all details including the stated APY, are accurate as of 10.29.2020. 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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