Business deposit rates
Deposit account rates determine what you, the accountholder, gain from keeping money in an account or certificate. Take a look at our current rates and secure the best business savings accounts, checking accounts, and more, for your needs.
| Deposit Amount | Rate | APY |
|---|---|---|
| $10,000 - $24,999.99 | .10% | .10% |
| $25,000+ | .25% | .25% |
Effective 7.18.2018
Premier Business Checking: 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.
| Deposit Amount | Rate | APY |
|---|---|---|
| Up to $24,999.99 | 3.21% | 3.26% |
| $25,000 - $99,999.99 | 3.21% | 3.26% |
| $100,000 - $499,999.99 | 3.21% | 3.26% |
| $500,000 - $999,999.99 | 3.21% | 3.26% |
| $1,000,000 and up | 3.21% | 3.26% |
Effective 7.28.2023
Business Advantage Money Market Account: APY = Annual Percentage Yield. 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 to $999,999.99; Tier 5: $1,000,000 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.
IOLTA
| Deposit Amount | Rate | APY |
|---|---|---|
| $0 | 3.21% | 3.26% |
Effective 7.28.2023
11-Month No Penalty Certificate
| Term | Minimum Balance | Rate | APY |
|---|---|---|---|
| 11-Month No-Penalty Certificate | $0 | 4.65% | 4.75% |
8.31.2023
11-Month Certificate Special: Early withdrawals are not permitted within the first six (6) days after account opening. To withdrawal funds for this 11-month certificate with no penalty assessed, the entire amount, principal plus dividends earned, must be withdrawn in one single transaction. IRA and HSA Certificates are not eligible for the 11-month Certificate Special.
| Term | Minimum Balance | Rate | APY |
|---|---|---|---|
| 3-Year Bump Certificate | $0 | 4.17% | 4.25% |
| 5-Year Bump Certificate | $0 | 4.36% | 4.45% |
Effective 4.28.2023
Bump Certificates: The Bump Certificate offer does not apply to existing certificates. This offer and details, including the stated APY, are accurate as of 4.28.2023. Rates and details 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 30 days of opening the account. Fees may reduce earnings; subject to early withdrawal penalties. Rates are subject to change after the account is opened. 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. One rate adjustment per year is reflective of an anniversary year, based on the certificate open date. The certificate owner must initiate a rate adjustment by providing a written request, along with a signature.
| Term | Minimum Balance | Rate | APY |
|---|---|---|---|
| 3-Month Certificate | $0 | 4.51% | 4.60% |
| 6-Month Certificate | $0 | 4.89% | 5.00% |
| 9-Month Certificate | $0 | 4.98% | 5.10% |
| 1-Year Certificate | $0 | 5.13% | 5.25% |
| 18-Month Certificate | $0 | 4.17% | 4.25% |
| 2-Year Certificate | $0 | 4.31% | 4.40% |
| 3-Year Certificate | $0 | 4.55% | 4.65% |
| 5-Year Certificate | $0 | 4.65% | 4.75% |
Effective 8.31.2023
| Term | Minimum Balance | Rate | APY |
|---|---|---|---|
| 1-Year Jumbo Certificate | $100,000 | 5.27% | 5.40% |
| 2-Year Jumbo Certificate | $100,000 | 4.51% | 4.60% |
| 1-Year Jumbo+ Certificate | $250,000 | 5.46% | 5.60% |
| 2-Year Jumbo+ Certificate | $250,000 | 4.65% | 4.75% |
Effective 4.28.2023
Business Certificates: APY = Annual Percentage Yield. Certificates will be opened and interest will accrue as of the date funding is received; funding must be received within 30 days of opening the account. Fees may reduce earnings. Penalties may be assessed for early withdrawals on all certificates. Your Business Certificate will automatically renew at the end of the term. GECU will send you a maturity notice prior to renewal. Upon maturity, if the same term is no longer offered, the certificate will automatically renew into the closest term available with the best rate available for that term. Refer to the Business Account Disclosure for account information.
1 60-Day Rate Match: If the rate increases on the same term Certificate purchased on or after August 1, 2022, an account owner can request a rate adjustment to the certificate anytime within the first 60 days from account opening. Limited time only. 60-Day Rate Match does not apply to Bump Certificates.
| Deposit Amount | Rate | APY |
|---|---|---|
| $10,000 - $24,999.99 | .10% | .10% |
| $25,000+ | .25% | .25% |
Effective 7.18.2018
Premier Business Checking: 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.
| Deposit Amount | Rate | APY |
|---|---|---|
| Up to $24,999.99 | 3.21% | 3.26% |
| $25,000 - $99,999.99 | 3.21% | 3.26% |
| $100,000 - $499,999.99 | 3.21% | 3.26% |
| $500,000 - $999,999.99 | 3.21% | 3.26% |
| $1,000,000 and up | 3.21% | 3.26% |
Effective 7.28.2023
Business Advantage Money Market Account: APY = Annual Percentage Yield. 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 to $999,999.99; Tier 5: $1,000,000 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.
IOLTA
| Deposit Amount | Rate | APY |
|---|---|---|
| $0 | 3.21% | 3.26% |
Effective 7.28.2023
Business Certificates
60-day rate guarantee: Feel confident as our certificates offer a 60-day rate guarantee! If the rate increases on your chosen certificate opened on or after August 1, 2022, you can request a rate adjustment.1
11-Month No Penalty Certificate
| Term | Minimum Balance | Rate | APY |
|---|---|---|---|
| 11-Month No-Penalty Certificate | $0 | 4.65% | 4.75% |
8.31.2023
11-Month Certificate Special: Early withdrawals are not permitted within the first six (6) days after account opening. To withdrawal funds for this 11-month certificate with no penalty assessed, the entire amount, principal plus dividends earned, must be withdrawn in one single transaction. IRA and HSA Certificates are not eligible for the 11-month Certificate Special.
| Term | Minimum Balance | Rate | APY |
|---|---|---|---|
| 3-Year Bump Certificate | $0 | 4.17% | 4.25% |
| 5-Year Bump Certificate | $0 | 4.36% | 4.45% |
Effective 4.28.2023
Bump Certificates: The Bump Certificate offer does not apply to existing certificates. This offer and details, including the stated APY, are accurate as of 4.28.2023. Rates and details 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 30 days of opening the account. Fees may reduce earnings; subject to early withdrawal penalties. Rates are subject to change after the account is opened. 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. One rate adjustment per year is reflective of an anniversary year, based on the certificate open date. The certificate owner must initiate a rate adjustment by providing a written request, along with a signature.
| Term | Minimum Balance | Rate | APY |
|---|---|---|---|
| 3-Month Certificate | $0 | 4.51% | 4.60% |
| 6-Month Certificate | $0 | 4.89% | 5.00% |
| 9-Month Certificate | $0 | 4.98% | 5.10% |
| 1-Year Certificate | $0 | 5.13% | 5.25% |
| 18-Month Certificate | $0 | 4.17% | 4.25% |
| 2-Year Certificate | $0 | 4.31% | 4.40% |
| 3-Year Certificate | $0 | 4.55% | 4.65% |
| 5-Year Certificate | $0 | 4.65% | 4.75% |
Effective 8.31.2023
| Term | Minimum Balance | Rate | APY |
|---|---|---|---|
| 1-Year Jumbo Certificate | $100,000 | 5.27% | 5.40% |
| 2-Year Jumbo Certificate | $100,000 | 4.51% | 4.60% |
| 1-Year Jumbo+ Certificate | $250,000 | 5.46% | 5.60% |
| 2-Year Jumbo+ Certificate | $250,000 | 4.65% | 4.75% |
Effective 4.28.2023
Business Certificates: APY = Annual Percentage Yield. Certificates will be opened and interest will accrue as of the date funding is received; funding must be received within 30 days of opening the account. Fees may reduce earnings. Penalties may be assessed for early withdrawals on all certificates. Your Business Certificate will automatically renew at the end of the term. GECU will send you a maturity notice prior to renewal. Upon maturity, if the same term is no longer offered, the certificate will automatically renew into the closest term available with the best rate available for that term. Refer to the Business Account Disclosure for account information.
1 60-Day Rate Match: If the rate increases on the same term Certificate purchased on or after August 1, 2022, an account owner can request a rate adjustment to the certificate anytime within the first 60 days from account opening. Limited time only. 60-Day Rate Match does not apply to Bump Certificates.
Business Disclosures
General Electric Credit Union is a full-service financial institution headquartered in Cincinnati with branches in Ohio and Kentucky.
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