Important Notice

  • Due to system maintenance, gesa.com and Xpress Digital Banking will be unavailable beginning on Wednesday, August 12 at 11:30 p.m. until Thursday, August 13 at 12:30 a.m. We apologize for the inconvenience and thank you for your membership in Gesa Credit Union.

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% 0.30% 0.30%
7 0.77% 0.77% 0.00%
12 0.40% 0.40% 0.40%
18 0.40% 0.45% 0.50%
24 0.50% 0.55% 0.60%
30 0.60% 0.65% 0.70%
36 0.60% 0.70% 0.80%
48 0.70% 0.80% 0.90%
60 0.80% 0.90% 1.00%
84 0.90% 1.00% 1.10%

* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of 8/1/2020. 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account has an original maturity (term) of less than 12-months: The penalty will equal 90 days interest on the amount withdrawn subject to penalty.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(term) of 12-months or more - up to, but less than 36-months: The penalty will equal 180 days interest on the amount withdrawn subject to penalty.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maturity of 36-months or more - up to, but less than 48-months: The penalty will equal 365 days interest on the amount withdrawn subject to penalty.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your account has an original maturity of 48-months or greater: The penalty will equal 540 days interest on the amount withdrawn subject to penalty.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 8/1/2020 and is subject to change.