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

  • No minimum deposit
  • Bump up your rate 1x per year
  • Perfect for the rising rate environment

Take advantage of rising interest rates! Open a Bump Certificate and 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 Certificates1

Term Minimum Balance Rate APY
3-Year Bump Certificate $0 2.72% 2.75%
3-Year IRA/HSA Bump Certificate $0 2.72% 2.75%
5-Year Bump Certificate $0 3.69% 3.75%
5-Year IRA Bump Certificate $0 3.70% 3.75%

You're in good hands

General Electric Credit Union is federally insured by the National Credit Union Association (NCUA). Because of this, the NCUA insures your funds with the Credit Union up to $250,000 per accountholder and per ownership category. Not sure if your accounts fall under this umbrella? Use the NCUA share insurance estimator to determine if you're covered – or if there's a gap that needs to be addressed. 

If any of your funds fall outside of NCUA insurance, contact a GECU team member to discuss strategies to expand your coverage. 

Three easy ways to open a certificate

Ready to bump?

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:

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 ten (10) 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.

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