Bump Certificates

Bump Certificates provide a guaranteed return and are just what you need to be well-positioned in this rising rate environment.  

Your savings deserve
a bump

  • Open with as little as $500
  • Bump up your rate 1x per year
  • Perfect for this rising rate environment

A Bump Certificate is a type of certificate that gives you the option to “bump” up to a higher APY during the certificate’s maturity term. The outcome? More savings, just like that.

Increase your rate once a year, every year, for the life of the certificate.

  • Increase your rate 3x (once per year) with a 3-year Bump Certificate.
  • Increase your rate 5x (once per year) with a 5-year Bump Certificate. 

Bump Certificate rates1

Term Minimum Balance Rate APY
3-year Bump Certificate $500 1.04% 1.05%
3-year IRA/HSA Bump Certificate $500 1.05% 1.05%
5-year Bump Certificate $500 1.14% 1.15%
5-year IRA Bump Certificate $500 1.15% 1.15%

How does it work? 

At the written or verbal request of any Certificate owner, the dividend rate may be changed to the current rate offered on new Certificates without incurring a penalty, one time per year. Note: A signature will be required to process a bump rate increase request.

To initiate a bump request:


General Electric Credit Union is a full-service financial institution headquartered in Cincinnati with branches in Ohio and Kentucky.

Frequently Asked Questions

If you live or work in the Tri-State, you are eligible for membership at GECU. You can establish your membership and open a certificate online or at any GECU location. 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.

We use the daily balance method to calculate the dividends; dividends will be calculated daily and credited to the account monthly.

The certificate owner has the option to initiate a rate adjustment one (1) time per year, during the term of the certificate at the prevailing GECU rate on that product. For example, if you request a bump on your 3-year Bump Certificate, you will receive the prevailing 3-year Bump Certificate rate and annual percentage yield (APY). At the end of three (3) years, it will automatically mature into a standard 3-year Certificate at the then prevailing dividend rate and APY, unless you choose otherwise.

During the term of your certificate, the certificate owner can initiate a rate adjustment by contacting us or visiting a GECU location. Your signature will be required to complete the request. One rate adjustment can be made per year and is reflective of an anniversary year, based on the certificate open date.

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.

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.

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.

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At General Electric Credit Union, the big difference is we focus on improving people's lives, not padding our profits.