Important Notice

  • Our Walla Walla Poplar location (1355 W. Poplar St.) will be closed for renovations on Saturday, December 14, 2019. During this time please visit our Walla Walla Tietan location (1603 Penny Ln.) or access your accounts using Xpress Digital or Telephone Banking.  We apologize for the inconvenience and thank you for your membership in Gesa Credit Union.

Savings Accounts

Whether you’re just getting started, or you want to grow your portfolio, we have a savings solution for you. Stay in charge by choosing the best option to help you meet your financial goals.

Primary Savings

Gesa’s Primary Savings Account is the perfect place to park your cash. Use this account for your month-to-month buffer, to build a slush fund for emergencies, or to save for those big-ticket dreams and purchases. You can also use the account for automatic withdrawals and transfers. Contact a Personal Financial Services Representative at 888.946.4372 for ideas on how to optimize your savings options.

Primary Savings Account Rates

Account Type APY*
Primary Savings 0.05%

* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of 12/1/2019, the last dividend declaration date.

Notes and Fees

Dividends on Primary Savings are calculated using the daily balance method and are paid quarterly. Rate may change after the account is opened. APY accurate as of 12/1/2019. 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

Certificate accounts typically pay a higher rate of interest than a regular share account, because your money stays in the account for specific amount of time before you can access it.  Consumer certificates also require a $500 minimum deposit.

  • We offer a variety of term options to best support 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
  • Interest will be credited to your account every month and at maturity

To learn more, call us at 888.946.4372 or stop by a Member Service Center near you.

Certificate Rates

Term
(months)
APY*
(min. balance $500.00)
APY*
(min. balance $50,000.00)
APY*
(min. balance $100,000.00)
3 0.20% 0.20% 0.20%
6 0.30% 0.40% 0.50%
12 0.80% 0.90% 1.00%
18 1.45% 1.55% 1.65%
24 1.55% 1.70% 1.85%
30 1.70% 1.85% 2.00%
36 1.75% 1.90% 2.05%
48 1.80% 2.00% 2.20%
60 1.90% 2.15% 2.40%
84 2.15% 2.40% 2.65%

* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of 12/1/2019. A penalty may be imposed for early withdrawal. The minimum balance to open the certificate is stated in the chart.

Notes and Fees

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 12/1/2019 and is subject to change.

IRA Accounts and Certificates

Start saving today for a retirement full of possibilities with one of our IRA (Individual Retirement Arrangement) accounts. At Gesa we offer a choice between IRA Savings Accounts and IRA Certificate Accounts.

  • Interest will be credited to your account every month and at maturity

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. Call us at 888.946.4372 or stop by a Member Service Center near you to talk to a Personal Financial Services Representative about the best type of account for your retirement goals.

View the IRA Conversion Factsheet.

IRA Savings Account and IRA Certificate Rates

Term
(months)
APY*
(min. balance $500.00)
APY*
(min. balance $50,000.00)
APY*
(min. balance $100,000.00)
12 0.80% 0.90% 1.00%
18 1.45% 1.55% 1.65%
24 1.55% 1.70% 1.85%
30 1.70% 1.85% 2.00%
36 1.75% 1.90% 2.05%
48 1.80% 2.00% 2.20%
60 1.90% 2.15% 2.40%
84 2.15% 2.40% 2.65%

* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of 12/1/2019. A penalty may be imposed for early withdrawal. The minimum balance to open the certificate is stated in the chart.

Account Type Term
(months)
APY* Min. Deposit
IRA Certificate Add-On 11 0.40% $500.00

* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. Minimum balance to earn the APY is shown in the chart above. Stated rate as of 12/1/2019. A penalty may be imposed for early withdrawal. The minimum balance to open the certificate is stated in the chart.

Account Type Term
(months)
APY* Min. Deposit
IRA Savings -- 0.25% $100.00

* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. Stated rate as of 12/1/2019, the last dividend declaration date. There is no minimum balance requirement to earn stated APY on IRA Savings. Fees may reduce earnings on the account.

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. There is no minimum balance requirement to earn stated APY on IRA Savings. Fees may reduce earnings on the account. APY is accurate as of 12/1/2019.

IRA Certificates: Early withdrawal penalties will apply and may reduce earnings. Minimum deposit balance must be maintained to earn APY and fees may reduce earnings on the account. Certificate rates are for a limited time only. Stated rates are as of 12/1/2019 and are subject to change.

Bump Certificates

Don’t want to get locked in to a rate? 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.

  • We offer a variety of term options to best support your savings goals
  • Access a one-time rate increase during the term of your Certificate
  • Deposits insured to at least $250,000 by the National Credit Union Administration, an agency of the Federal Government

To learn more about Bump Certificates, call us at 888.946.4372 or stop by a Member Service Center near you.

Consumer Bump Certificate Rates

Term
(months)
APY*
(min. balance $500.00)
APY*
(min. balance $50,000.00)
APY*
(min. balance $100,000.00)
12 0.70% 0.80% 0.90%
24 1.35% 1.50% 1.65%
36 1.55% 1.70% 1.85%
48 1.55% 1.75% 1.95%
60 1.65% 1.90% 2.15%

* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of 12/1/2019. A penalty may be imposed for early withdrawal. The minimum balance to open the certificate is stated in the chart.

IRA Bump Certificate Rates

Term
(months)
APY*
(min. balance $500.00)
APY*
(min. balance $50,000.00)
APY*
(min. balance $100,000.00)
12 0.70% 0.80% 0.90%
24 1.35% 1.50% 1.65%
36 1.55% 1.70% 1.85%
48 1.55% 1.75% 1.95%
60 1.65% 1.90% 2.15%

* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of 12/1/2019. A penalty may be imposed for early withdrawal. The minimum balance to open the certificate is stated in the chart.

Bump Certificate Notes and Fees

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. Rates and terms are subject to change. Special offer for a limited time only. Stated rate as of 12/1/2019 and is subject to change.

Money Market

A Money Market Account is a savings plan that rewards you for saving by earning dividends based on your daily balance. Think of it as an accelerator for your savings plan: 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 effortlessly, using Direct Deposit, Payroll Deduction, or by automatic transfer through Xpress Online

Call us at 888.946.4372 or stop by a Member Service Center near you for more information about getting started with a Money Market Account

Money Market Account Rates

Minimum Daily Balance APY*
$2,500.00 – $9,999.99 0.20%
$10,000.00 – $24,999.99 0.30%
$25,000.00 – $49,999.99 0.40%
$50,000.00 – $99,999.99 0.50%
$100,000.00 – $249,999.99 0.55%
$250,000.00+ 0.60%

* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of 12/1/2019, the last dividend declaration date.

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 a minimum daily balance of $2,500.00 in your account each day 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 $10.00 per month. New rates are set on the first of each month; rate may change after the account is opened. APY accurate as of 12/1/2019. Fees could reduce earnings on the account.

Health Savings Account (HSA)

Are you in a high deductible health plan and looking for a way to help pay your medical expenses? A health savings account can help you stay on top of health care costs while growing your savings. Gesa's Health Savings Account (HSA), is a no-fee, tax-advantaged* savings account that you can use to pay for a variety of health expenses for you, your spouse and your dependents. These funds can be used to pay or reimburse you for qualified medical expenses, from health insurance deductibles and co-payments to some over-the-counter medications and out-of-pocket expenses.

You can use your HSA to write checks, use your HSA debit card or make a cash withdrawal to cover qualified medical expenses. You can also view and complete transactions on your HSA in Gesa's Xpress Online or Mobile Banking, including contribution/distribution transfers and bill pay transactions. 

Call us at 888.946.4372 or stop by a Member Service Center near you for more information on HSAs.

*HSAs have some unique complexities - please consult with your accountant and/or tax advisor before setting up your HSA. GESA does not provide tax advice.

Health Savings Account Rates

Qualifying Account Balance APY*
$0 – $24,999.99 0.75%
$25,000.00+ 1.25%

* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of 12/1/2019, the last dividend declaration date.

Notes and Fees

Frequently Asked Questions

APY = Annual Percentage Yield. Rate may change after the account is opened. Dividends on Health Savings Accounts are calculated using the daily balance method. Dividends will be credited to the member's account every month. If you close your account before dividends are paid, you will not receive the accrued dividends. The minimum balance requirement to open an account is $100.00. No transaction limitations apply. Health Savings APY accurate as of 12/1/2019. Fees could reduce earnings on the accounts.

Saving for a Minor

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 can 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 the account becomes available to the child once they turn 21. Additional benefits on the account can create a tax-advantaged way to contribute to a minor's savings.

A UTMA account can be set up as a Primary Savings, Money Market, or Certificate Account. Direct Deposit and Payroll Deduction into the account can help you to automate saving for your child's future.

Call us at 888.946.4372 or stop by a Member Service Center near you for more information.

Super5 Savings

Watch your savings grow faster with a Super5 Savings Account from Gesa! Upgrade from a Primary Savings to a Super5 Savings Account and enjoy no fees, no minimum balance requirements, and the highest dividend earnings of any of our savings accounts. Super5 Savings accounts may only be opened at a Moses Lake, Spokane, Wenatchee, or Yakima Member Service Center.

Super5 Savings Rates

Qualifying Account Balance APY*
$0 – $500.00 5.00%
$500.01+ 0.05%

* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of 12/1/2019, the last dividend declaration date.

Notes and Fees

Dividends for the Super5 Savings Account are calculated using the daily balance method which applies a daily periodic rate to the balance in the account each day. APY is accurate as of 12/1/2019, the last dividend declaration date. Rates may change after the account is opened. Limit of one Super5 Savings account per member. No minimum balance required to earn the APY and no penalty for withdrawals. If you are 14 or older, you must have a Gesa checking account in order to open a Super5 Savings account. If you are under 14 years of age, you are exempt from this requirement. Account must be opened at a Moses Lake, Spokane, Wenatchee, or Yakima Member Service Center. Fees could reduce earnings on the account.