Certificates of Deposit :: Personal Services

Certificates of Deposit

Certificates of Deposit	Minimum Balance Required	Term	Interest Payment Method	Renewal Process
Short-term CDs	$2,500	3 months and 6 months	Interest is paid on maturity by your choice of one of the following methods: compounded deposited into another GECU account; or mailed to you in a check.	Two weeks before your CD matures, written notification is mailed. Your CD will be automatically renewed at the prevailing rate at the time of maturity unless you notify us otherwise prior to maturity.
Long-term CDs	$1000	12 months to 60 months	Interest is paid annually by your choice of one of the following methods: compounded deposited into another GECU account; or mailed to you in a check.	Two weeks before your CD matures, written notification is mailed. Your CD will be automatically renewed at the prevailing rate at the time of maturity unless you notify us otherwise prior to maturity.
No Excuse Savers Club	$50	12 month	Interest is paid annually by your choice of one of the following methods: compounded deposited into another GECU account; or mailed to you in a check.	Two weeks before your CD matures, written notification is mailed. Your CD will be automatically renewed at the prevailing rate at the time of maturity unless you notify us otherwise prior to maturity.
SmartStep CD Ideal for the investor desiring more flexibility with a one-time option to increase the interest rate during each 24-month term.	$2,500	24 month	Interest is paid annually by your choice of one of the following methods: compounded deposited into another GECU account; or mailed to you in a check.	Two weeks before your CD matures, written notification is mailed. Your CD will be automatically renewed at the prevailing rate at the time of maturity unless you notify us otherwise prior to maturity.
All terms and conditions are subject to change. Notice will be provided as required by law. Members receive renewal notification no less than 20 days prior to maturity.