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Checking and savings —

Certificate Accounts and Bump Certificates

Ready to boost your savings? Open a Gesa Credit Union Certificate Account today and secure a fixed interest rate for your money. Or, explore the flexibility of a Bump Certificate, providing you the opportunity to increase your rate if market conditions improve.

Limited Time Rate

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Certificate accounts pay a higher rate of interest

Notes and Fees

* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of 05/15/23, the last dividend declaration date. A penalty may be imposed for early withdrawal. Fees may reduce earnings. The minimum balance to open the certificate is stated in the chart.

Early withdrawal penalties apply (a penalty may be imposed for withdrawals before maturity):

  • If your account has an original maturity (term) of less than 12-months: The penalty will equal 90 days interest on the amount withdrawn subject to penalty.
  • If your account has an original maturity (term) of 12-months or more – up to, but less than 36-months: The penalty will equal 180 days interest on the amount withdrawn subject to penalty.
  • If your account has an original maturity of 36-months or more – up to, but less than 48-months: The penalty will equal 365 days interest on the amount withdrawn subject to penalty.
  • If your account has an original maturity of 48-months or greater: The penalty will equal 540 days interest on the amount withdrawn subject to penalty.

In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. For any account which earns an interest rate that may vary during the term such as a bump certificate, the interest rate we will use to calculate this early withdrawal penalty will be the interest rate in effect at the time of the withdrawal. You may make withdrawals of principal from your account before maturity. In making such withdrawals, your balance may not fall below the minimum or we will close your account. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can withdraw interest only on the crediting dates without penalty.

A $500 minimum deposit is required for consumer, IRA, and business certificates. Early withdrawal penalties may apply and may reduce earnings. Certificate rate is for a limited time only and could end at any time. Stated rate as of the first day of the month.

Certificate Rates

Term
(months)
APY*
(min. balance $500.00)
APY*
(min. balance $50,000.00)
APY*
(min. balance $100,000.00)
3
6
12
18
24
30
36
48
60
84

Grow your money with Gesa Bump Certificates

Bump Certificates offer you the flexibility to maximize savings. If rates increase, you can “bump up” your certificate to the current rate once during the term.

 

To learn more about Bump Certificates, call us at (888) 946-4372 or stop by a branch near you.

Notes and Fees

* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of 05/15/23, the last dividend declaration date. A penalty may be imposed for early withdrawal. Fees may reduce earnings. The minimum balance to open the certificate is stated in the chart.

The Certificate owner must contact Gesa Credit Union to request the one-time rate increase on Bump Certificate accounts. The rate on the Bump Certificate will be changed on the following business day of the date Gesa Credit Union receives the request. The bump option can only be exercised once during the term of the Certificate and does not increase the term of the certificate. The new interest will not be applied retroactively. The new interest rate will be the interest rate we are then offering on regular certificates (non- bump rate certificates) that have the same term and minimum balance. Bump Certificates are only available for consumer and IRA Certificates. Early withdrawal penalties will apply. Minimum deposit balance must be maintained to earn APY and fees may reduce earnings on the account. Special offer for a limited time only.

Consumer Bump Certificate Rates

Term
(months)
APY*
(min. balance $500.00)
APY*
(min. balance $50,000.00)
APY*
(min. balance $100,000.00)
12
24
36
48
60

Benefits of Certificate Accounts

Online and Mobile banking

24-hour access to your accounts to make transfers, deposit checks, and more.

Variety of term options

Access to a variety of term options to best support your goals.

Flexible rates

Competitive and flexible rates that work for your lifestyle.

  • Online and Mobile banking

    24-hour access to your accounts to make transfers, deposit checks, and more.

    Learn more
  • Variety of term options

    Access to a variety of term options to best support your goals.

  • Flexible rates

    Competitive and flexible rates that work for your lifestyle.

Why go with Gesa?

When you bank with Gesa, you keep your money in your community and give back to local schools and organizations.

Scholarships

Still have questions?

Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.


Learn more about NCUA Insurance Coverage

A CD account, or Certificate of Deposit, is a savings account where you deposit money for a fixed period at a higher interest rate than regular accounts, but with penalties for early withdrawal.

A bump certificate is a specialized certificate of deposit (CD) that combines the fixed-term structure of a certificate account with the added feature of allowing members a one-time interest rate increase during the term, providing a great flexibility option for those looking to get the most out of their savings. 

Gesa Credit Union certificate accounts, including bump certificates, offer various interest rates and terms, with the bump certificate allowing a rate “bump” if market rates rise.

 The bump certificate’s interest rates are slightly different from regular Certificate Accounts. For example, a 12-month bump certificate might offer an APY of 3.20% for a minimum balance of $500.

With the Gesa Credit Union bump certificate, account holders can request a single rate adjustment should interest rates increase, enabling them to benefit from better rates without the need to open  a new certificate.

 Similar to regular certificate accounts, there are penalties for early withdrawals from a bump certificate. These penalties are based on the term and amount withdrawn.

Gesa offers many other services to help members accomplish their financial goals, such as Cashier’s Checks, Safe Deposit Boxes, Savings Bond Redemption, and Notary Service.


Learn more about Gesa Resources

 The bump option can only be exercised once during the term of the bump certificate, and it doesn’t extend the term of the certificate.

Still have questions?

We have upgraded to a new account opening process. Click Get Started to continue.

Getting started is easy!

Applying should only take a few minutes. Please have these documents ready:

Call (888) 946-4372 or apply at a branch

Already a member?

Use your online banking log-in to pre-fill your application with saved information.

People helping people.

Gesa credit union is committed to making a positive impact in the communities we serve.

Affinity Partner Cards

Affinity debit cards give back to your community when you swipe.

We're in the business of growing yours.

We have the accounts, products, and services to help you and your small business succeed.

Business owner

Business Visa:
A low-rate card made for business owners.

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Banking made for you.

With best-in-class rates and a variety of everyday banking products, Gesa has the right account, card, or loan for you.

Gesa customer using card

Up to 5.00% APY
On select checking accounts!

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Notes & Fees Glossary

 Disclaimer
*APY* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of the first day of the month – the last dividend declaration date.
SmartPlus Checking*To earn the higher rate, you must:
  1. Enroll in eStatements
  2. Make a monthly direct deposit of over $200
  3. Complete 15 debit card transactions
  4. Provide and maintain a valid email address
  5. Limit one account per member
For any month where the account does not meet the qualification requirements, the account will earn a lower rate. Minimum balance of $5 needed to open.Qualifying account balances meet minimum requirements. APY subject to change monthly. Rate may change after the account is opened. The qualifying period begins with the first day of the calendar month and ends on the last day of the calendar month at 6:00 P.M. Pacific Time. No monthly fees and no minimum balance required to maintain account. Minimum opening deposit of $5. Fees could reduce earnings. Limit of one specialty checking account (Smart Plus Checking) per member.

* * * * *