Gesa Credit Union has competitive rates on its long-term certificates and IRA certificates. These include a 2.06% APY 7-year CD, a 1.91% APY 5-year CD and a 1.81% APY 4-year CD. Minimum deposit is $5,000. Rates are 10 basis points lower for a $500 minimum. These rates are listed in Gesa CU's savings page as of 1/11/2013.
The early withdrawal penalty for the CDs with terms from over 2 years to under 7 years is 180 days of interest on the amount withdrawn. The penalty for the 7-year CD is 365 days of interest on the amount withdrawn. Please refer to the credit union's Truth-in-Savings disclosure for the full details.
Gesa Credit Union also has a reward checking account called Colossal Checking. I first reported on this account in 2008 when the yield was 6.01%. The top yield is now 1.50% APY for balances up to $10,000 (as of 1/11/2013).
Gesa Credit Union membership is open to all who live, work, worship or attend school in the State of Washington, or are a close relative of someone who qualifies as a member. Please refer to the credit union's membership page for more details and for a link to a membership application form. The form can be mailed or faxed. Membership requires a minimum balance of $5 in the savings account.
Gesa Credit Union branches are located in the Washington cities of Richland, Kennewick, Pasco, Walla Walla and Wenatchee.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas ratio of 2.78% (excellent) based on September 2012 data. Please refer to our financial overview of Gesa Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 68278).
How These CD Rates Compare
The highest 7-year CD rate that's nationally available is 2.00% APY at Pentagon Federal Credit Union and at Air Force Federal Credit Union. The highest 5-year CD rate is 2.05% APY at Citizens State Bank Florida and the highest 4-year CD rate is 1.85% APY at Pentagon Federal Credit Union . These rates are accurate as of 1/11/2013.
Searching for the Best CD Rates
To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.