Gesa Credit Union (WA/ID) 36-Month Bump CD Now Earns 3.50% APY


Deal Summary: 36-month Bump Certificate, 3.50% APY, one-time rate increase, $500 minimum deposit.

Availability: Residents of Washington State and eight Idaho panhandle counties.

Earlier this week, Gesa Credit Union (Gesa CU) raised the rate on its 36-month Bump Certificate to 3.50% APY. The bump option allows for a one-time rate increase (any time during the term) that must be initiated by the certificate’s owner. This limited-time offer requires a $500 minimum opening deposit and has no balance cap.

0.80*%$100k-Gesa Credit Union36 Month Bump Certificate IRA (Traditional, Roth)
OTHER TIERS: 0.60% $500 - $50k | 0.70% $50k - $100k
Rates as of December 3, 2020.

The Bump Certificate is also available as an IRA (Traditional and Roth), earning same APY with the same funding requirements.

This week’s addition of 125 bps gives the 36-month Bump Certificate its highest APY in four years. In the past, Gesa CU’s limited-time special rates have lasted a few months.

As stated on Gesa CU’s Certificates page, the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of 36-months up to, but less than 48-months:
The penalty will equal 365 days interest on the amount withdrawn subject to penalty.


Headquartered in Richland, Washington, Gesa Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, or worship, or attend school anywhere in Washington State or in the Idaho counties of Benewah, Bonner, Boundary, Kootenai, Latah, LewisNez, Perce, or Shoshone eligible to join.

”Close relatives” of individuals who qualify for membership are also welcome to apply.

Joining Gesa CU and/or opening a Bump Certificate can be done online or at any of 20 Washington branches located in East Wenatchee, Kennewick (2), Moses Lake, Pasco (2), Richland (4), Spokane (3), Spokane Valley, Walla Walla (2), Wenatchee, West Richland, and Yakima (2).

Credit Union Overview

Gesa Credit Union has an overall health grade of "A" at, with a Texas ratio of 3.73% (excellent) based on September 30, 2018 data. In the past year, Gesa CU has increased its total non-brokered deposits by $116.06 million, an excellent annual growth rate of 7.47%. Please refer to our financial overview of Gesa Credit Union (NCUA Charter # 68278) for more details.

”It started in a shoebox.” GESA Federal Credit Union was established in 1953 by members of General Electric Supervisor's Association (G.E.S.A.). The initial membership was exclusive to the 2,600 exempt employees of General Electric, with the first account receipts stored in a shoebox. Thirty years later, membership was opened to select employee groups who could not support a credit union of their own. Gesa CU converted from a federal to a state charter credit union in 1997, as a result of legislation which prevented all federal credit unions from expanding beyond their core membership.

According to a recent CUTimes article,

Gesa Credit Union and Inspirus Credit Union said Wednesday they intend to merge next year, which will create the second largest cooperative in Washington that will manage $3.3 billion in assets, serve 242,612 members, employ 625 staffers and operate 22 branches.

If members and regulators give the merger the green light, it could be finalized by April.

How the Bump Certificate Compares

When compared to 307 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, Gesa Credit Union’s 36-month Bump Certificate APY currently ranks first.

The above rates are accurate as of 1/11/2018.

To look for the best CD rates, either nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Yakima CD rates, Seattle CD rates, Spokane CD rates, 5-year CD rates

  |     |   Comment #1
I think this is an excellent deal but a few qualifications. I reside in WA but am currently out of state. The online application limits funding to $10K but after speaking to a knowledgable CSR the set up of my CD can be done by phone and regular mail. Also note that the interest rates listed on the application is much lower than 3.5% but I was assured by the CSR that the advertised rate is still in effect. Interest can also be transferred w/o penalty to a GESA saving account though I don't believe those rates are very competitive.
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Deal Summary: $100 Bonus when opening a new checking account.

Availability: Residents of Washington State

Although 2017 is about two months old, Gesa Credit Union (Gesa CU) is still offering a $100 checking bonus to “help you kick off 2017 the right way.” Checking account bonuses rarely have so few requirements and are rarely awarded so quickly. The details of the promotion are listed in this credit union page and are summarized below:


  • Open a new Classic Checking or Colossal Checking account.
  • Minimum $500 opening deposit required.
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Availability: Residents of Washington State

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Gesa CU’s website lists two categories of Certificates - $500 and $5K minimum deposits, but currently the APYs are the same for either minimum deposit level.

Both Certificates are also available as IRAs (Traditional and Roth), earning same APYs, but...

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Gesa CU (WA) Raises Rates on 36-, 48-, and 60-month CDs - Local Only


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Gesa Credit Union (Gesa CU) began the New Year by raising the rates on its longer term CDs: 36-month (1.70% APY), 48-month (2.00% APY), and 60-month (2.50% APY). The minimum opening deposit is $500, with no maximum balance cap. All three CDs are also available as IRAs (Traditional and Roth) at the same rates and with the same funding requirements.

As stated on Gesa CU’s Truth In Savings page, the Early Withdrawal Penalty reads as follows:

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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...

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