New Hampshire-based Granite State Credit Union (GSCU) has added a rate-leading 11-month Certificate Special, which earns 6.00% APY. This limited-time offer requires a $25k minimum opening deposit of new money, which is defined simply as funds “new to Granite State Credit Union.” GSCU also has a 11-month Certificate Special that can be opened with a $500 minimum deposit and does not require new money, but the rate is only 5.50% APY.
|5.25%||$500||-||Granite State Credit Union||11 Month Flexible Term Share Certificate Special|
The 11-month Certificate Special is also available as an IRA Certificate Special (Traditional and Roth), earning the same APYs with the same deposit requirements.
Early Withdrawal Penalty
According to CSR, a GSCU Certificate can only be closed early: partial withdrawals are not allowed. Certificates with terms of 6-23 month are subject to an Early Withdrawal Penalty of 3 months of dividends. The principal will be reduced if a Certificate Special is closed within 3 months of account opening.
Headquartered in Manchester, New Hampshire, Granite State Credit Union’s field of membership (FOM) is community-based, with U.S. citizens/resident aliens (18 years or older) who live or work anywhere in New Hampshire eligible to join.
The FOM has recently been expanded and now also includes those who live or work in the following New England counties that share a border with New Hampshire:
- Maine – Oxford, York
- Massachusetts – Essex, Franklin, Middlesex, Worcester
- Vermont – Caledonia, Essex, Orange, Windham, Windsor
Immediate family members of a current GSCU member also qualify for membership, as do employees of several SEGs.
Joining GSCU and/or opening a Certificate Special can be done online (there is a “Join” button at the top of every page of the GSCU website), by phone (603-436-1847), or at any of eight New Hampshire branches located in Amhurst, Candia, Concord, Derry, Manchester, Nashua, Rochester, and Tilton. Appointments are available and can be scheduled online.
To become a member you'll need a $10 deposit to establish your savings account at GSCU and that $10 will remain in the account as the minimum balance. If you'd like to open a checking account you'll need $10 to establish the account.
Funding and Other Details
The following information was obtained in a Live Chat with CSR.
- Funding – ACH, wire, check (in-branch), or shared branch transfer.
- Ownership – Individual, joint, or trust
- CO-OP Shared Branch Participant – Yes.
- Dividends – Compounded/credited monthly; automatic monthly transfer of dividends to a GSCU checking/savings account can be set up when opening a Certificate.
- Maturing Funds – Cashier’s check to address on file or transfer to a GSCU checking/savings account.
- Beneficiaries – Unlimited, with equal share; Social Security numbers and DOB required.
- Grace Period – 10 calendar days before renewal as a 12-month Certificate.
- Credit Check – ChexSystems.
Credit Union Overview
Granite State Credit Union has an overall health rating of "B+" at DepositAccounts.com, with a Texas Ratio of 5.21% (excellent) based on June 30, 2023 data. In the past year, GSCU has increased its total non-brokered deposits by $24.39 million, an excellent annual growth rate of 4.19%. Please refer to our financial overview of Granite State Credit Union (NCUA Charter # 632172) for more details.
Founded in 1945, Granite State Credit Union was originally known as the Utility Workers Credit Union. The Granite State rebrand occurred when a statewide FOM was adopted. The FOM recently expanded to include counties in Maine, Massachusetts, and Vermont that border on New Hampshire. GSCU is currently New Hampshire’s fifth largest credit union, with more than 50,600 members and assets in excess of $666 million.
How the 11-Month Certificate Special Compares
When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $25k or less, no bank or credit union has a higher rate than currently offered on the Granite State Credit Union 11-month Certificate Special. The following table compares the 11-month Certificate Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.
The above information and rates are accurate as of 10/10/2023.
To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table page.