CD Comparison(1)

Certificates of Deposit Minimum Balance Required Term Interest Payment Method Renewal Process
      Interest is paid on maturity by one of these methods Two weeks before your CD matures, written notification is mailed. Your CD will be automatically renewed at the prevailing rate at the time of maturity unless you notify us otherwise prior to maturity.
Short-terms CDs $2,500 3 months to 6 months
  • compounded
  • deposited into another GECU account; or
  • mailed to you in a check.
      Interest is paid monthly or annually by your choice of one of the following methods Two weeks before your CD matures, written notification is mailed. Your CD will be automatically renewed at the prevailing rate at the time of maturity unless you notify us otherwise prior to maturity.
Long-term CDs $1,000 12 months to 60 months
  • compounded
  • deposited into another GECU account; or
  • mailed to you in a check.
     

Interest is paid monthly or annually by your choice of one of the following methods:

Two weeks before your CD matures, written notification is mailed. Your CD will be automatically renewed at the prevailing rate at the time of maturity unless you notify us otherwise prior to maturity.
No Excuse Savers CD $50 12 months
  • compounded
  • deposited into another GECU account; or
  • mailed to you in a check.
     

Interest is paid monthly or annually by your choice of one of the following methods:

Two weeks before your CD matures, written notification is mailed. Your CD will be automatically renewed at the prevailing rate at the time of maturity unless you notify us otherwise prior to maturity.
SmartStep CD $2,500 24 months
  • compounded
  • deposited into another GECU account; or
  • mailed to you in a check.
     

Interest is paid monthly or annually by your choice of one of the following methods:

Two weeks before your CD matures, written notification is mailed. Your CD will be automatically renewed at the prevailing rate at the time of maturity unless you notify us otherwise prior to maturity.
Bump Up CD

$5,000

or

$2,500

18 month

or

60 month terms

  • compounded
  • deposited into another GECU account; or
  • mailed to you in a check.

(1) Early Withdrawal Penalty - Accounts will be cancelled if the balance drops below the minimum amount required for the term of the account and an early withdrawal penalty may apply. Early withdrawal penalties for accounts with terms of 3 and 6 months is 30 days of interest (whether earned or not); 90 days of interest (whether earned or not) for accounts with a term of 12 months; 150 days of interest (whether earned or not) for accounts with a term of 18 and 24 months; 240 days of interest (whether earned or not) for accounts with a term of 30, 36, and 48 months; and 300 days of interest (whether earned or not) for accounts with a term of 60 months.

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