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.

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)
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.

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 8/1/2020. 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 8/1/2020, 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 8/1/2020.

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 8/1/2020 and are subject to change.