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Basic Savings

Gesa’s Basic Savings Account is the perfect place to park your cash. Use this account for your month-to-month cushion, for emergencies, or for big-ticket items you may be saving for. You can also use the account for automatic withdrawals and transfers. Contact a Member Service Representative for ideas on how to maximize your savings options.

Call 888.946.4372 for more information and to start saving!

Basic Savings Account Rate

Account TypeAPY*
   
Basic Savings 0.05%

*APY = Annual Percentage Yield. Rates, terms, and fees are subject to change.

Notes and Fees

Dividends on Basic Savings are calculated using the daily balance method and are paid quarterly. Rate may change after the account is opened. APY accurate as of 7/1/2015, the last dividend declaration date. The par value of a share in this account is $5.00. The amount necessary to open the account is also the amount necessary to earn the stated APY. Fees could reduce earnings on the account.


Certificates

Is a Gesa Certificate Account the right match for your financial goals?

With a Certificate, you leave the money in the account for a prescribed period of time. This type of account typically pays a higher interest rate than a regular share account.

  • Many term options to choose from to suit your savings goals
  • Deposits insured to at least $250,000 by the National Credit Union Administration, an agency of the Federal Government
  • Certificates may be used to secure a loan. To learn more, call or stop by a branch near you.

Contact Member Services at 888.946.4372 for more information and to open an account today!

Certificate Rates, $5,000 Minimum

TermAPY*
Min. Deposit
     
3 months 0.20% $5,000
6 months 0.31% $5,000
12 months 0.45% $5,000
18 months 1.00% $5,000
24 months 0.80% $5,000
30 months 1.30% $5,000
36 months 1.50% $5,000
48 months 1.70% $5,000
60 months 2.00% $5,000
7 years 2.10% $5,000

*APY = Annual Percentage Yield. Rates, terms, and fees are subject to change.

Certificate Rates, $500 Minimum

TermAPY*
Min. Deposit
     
3 months 0.20% $500
6 months 0.26% $500
12 months 0.40% $500
18 months 1.00% $500
24 months 0.75% $500
30 months 1.30% $500
36 months 1.50% $500
48 months 1.60% $500
60 months 1.90% $500
7 years 2.00% $500

*APY = Annual Percentage Yield. Rates, terms, and fees are subject to change.

Notes and Fees

*APY=Annual Percentage Yield. A $500 minimum deposit is required for consumer Certificates. Early withdrawal penalties will apply. Certificate rates are for a limited time only. Stated rates are as of 4/17/2015 and are subject to change.


IRA Accounts & Certificates

Start saving today for a future full of possibilities! Save for retirement with one of our IRA (Individual Retirement Arrangement) accounts. You have a choice at Gesa - choose between IRA Savings Accounts and IRA Certificate Accounts.

Your savings are insured by the NCUA up to $250,000, separately from other savings accounts, which provide peace of mind that your money will be there when you need it. Talk to a Member Service Representative about the type of account that best suits your retirement goals.

View the IRA Conversion Factsheet.

Call us today at 888.946.4372 for more information and to start saving for your future!

IRA Savings Account & IRA Certificate Rates

Account TypeTermAPY*
Min. Deposit
       
IRA Certificate 12 months 0.45% $2,500
IRA Certificate 24 months 0.80% $2,500
IRA Certificate 30 months 1.30% $2,500
IRA Certificate 36 months 1.50% $2,500
IRA Certificate 48 months 1.70% $2,500
IRA Certificate 60 months 2.00% $2,500
IRA Certificate 7 years 2.10% $2,500
IRA Savings Account - 0.25% $100
IRA Add-on Certificate 11 months 0.40% $2,500

*APY = Annual Percentage Yield. Rates, terms, and fees are subject to change.

Notes and Fees

IRA Savings Account: Rate may change after the account is opened. Dividends on IRA Savings are calculated using the daily balance method and will be credited to a member's account quarterly. APY is accurate as of 7/1/2015, the last dividend declaration date.

IRA Certificates: *APY=Annual Percentage Yield. A $2,500 minimum deposit is required for IRA Certificates. Early withdrawal penalties will apply. Certificate rates are for a limited time only. Stated rates are as of 4/17/2015 and are subject to change.


Bump Certificates

Don’t want to get locked in to a rate? Have some flexibility. If rates increase, you can "bump up" your certificate to the current rate once during the term.

  • Many term options to choose from to suit your savings goals
  • One time rate increase during the term of your of your Certificate
  • Deposits insured to at least $250,000 by the National Credit Union Administration, an agency of the Federal Government

Contact us at 888.946.4372 for more information and to open an account today!

Consumer Bump Certificate Rates

TermAPY*
Min. Deposit
     
12 months 0.75% $5000
24 months 1.00% $5000
36 months 1.50% $5000
48 months 1.50% $5000
60 months 1.75% $5000

*APY = Annual Percentage Yield. Rates, terms, and fees are subject to change.

TermAPY*
Min. Deposit
     
12 months 0.75% $500
24 months 1.00% $500
36 months 1.50% $500
48 months 1.40% $500
60 months 1.65% $500

*APY = Annual Percentage Yield. Rates, terms, and fees are subject to change.

IRA Bump Certificate Rates

TermAPY*
Min. Deposit
     
12 months 0.75% $2,500
24 months 1.00% $2,500
36 months 1.50% $2,500
48 months 1.50% $2,500
60 months 1.75% $2,500

*APY = Annual Percentage Yield. Rates, terms, and fees are subject to change.

Notes and Fees

APY = Annual Percentage Yield accurate as of 4/17/15. Owner of the Certificate 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. Bump Certificates are only available for consumer and IRA Certificates. Minimum opening balance is $500 for consumer Bump Rate Certificates and $2,500 for IRA Bump Rate Certificates. Early withdrawal penalties will apply. Rates and terms are subject to change. Special offer for a limited time only.


Money Market

Would you like a savings plan that rewards you for saving more? A Money Market Account just might be the account for you. Earn dividends based on your daily balance. The higher your balance, the more you could earn.

  • Unlimited deposits 
  • During any month, no more than 6 remote withdrawals/transfers are allowed
  • Build your account balance using Direct Deposit, Payroll Deduction, or by automatic transfer through Online Banking.

Contact Member Services at 888.946.4372 for more information and to open an account today!

Money Market Account Rates

Average Daily BalanceAPY*
   
$2,500 - $9,999 0.13%
$10,000 - $24,999 0.18%
$25,000 - $49,999 0.28%
$50,000 - $99,999 0.28%
$100,000 - $249,999.99 0.28%
$250,000+ 0.28%

*APY = Annual Percentage Yield. Rates, terms, and fees are subject to change.

Notes and Fees

Dividends for the Money Market Account are calculated using the daily balance method which applies a daily periodic rate to the balance in the account each day. You must maintain an average daily balance of $2,500.00 in your account to obtain the disclosed annual percentage yield. The minimum balance required to open this account is $2,500. You must maintain an average daily balance of $2,500 in your account to avoid a service fee of $7.00 per month and to earn the disclosed APY. New rates are set on the first of each month; rate may change after the account is opened. APY accurate as of 7/1/2015, the last dividend declaration date. Fees could reduce earnings on the account.


Club Savings

Are you dreaming of a warm beach, far, far away? Have you set a goal to stay debt-free during the holidays? Whether you’re saving for a vacation getaway, planning ahead for holiday season gift-giving, or both, Gesa will help you get there! With a low $5 minimum to open the account, it's easy to save for that special occasion. Make it automatic! You can set up automatic transfers from your regular savings or checking account into your club savings account.

Call us today at 888.946.4372 for more information and to start saving!

Holiday and Vacation Club Account Rates

Account TypeMaturityAPY*
     
Holiday Club Account 10/31 1.25%
Vacation Club Account 5/31 1.25%

*APY = Annual Percentage Yield. Rates, terms, and fees are subject to change.

Notes and Fees

Rate may change after the account is opened. Dividends on Club Savings Accounts are calculated using the daily balance method. Dividends will be credited to the member's account at maturity. At maturity, the entire balance plus interest, less the minimum balance of $5 is automatically transferred to the member's account of choice at Gesa. Any balance that exceeds $3,000 will not earn dividends. Dividend period is annual. Holiday Club APY accurate as of 11/1/2014, the last dividend declaration date. Vacation Club APY accurate as of 6/1/2015, the last dividend declaration date. Amount necessary to earn the stated APY is $5.00. Fees could reduce earnings on the account.


Saving for a Child

If you would like to set up an account for a minor, and want to limit access until the child becomes 21 years old, setting up a Uniform Transfer to Minors Act (UTMA) account might be a good option. While the tax income is reported under the minor's tax identification number, the custodian retains control of the account until, at the age of 21, the account becomes available to the child. There are additional benefits to the account which can create a tax-advantaged way to contribute to a minor's savings.

A UTMA account can be set up as Basic Savings, Money Market, or Certificate Account. Direct Deposit and Payroll Deduction into the account can assist you to automate saving for the child's future. Maximize savings for future generations with a UTMA account.

Contact Member Services at 888.946.4372 for more information and to open an account today!