GTE Financial Has Top CD Rates – Up to 2.78% - Nationally Available


Deal Summary: Share Certificate Specials – 6-month (1.56% APY), 12-month (1.76% APY), 18-month (2.32% APY), 24-month (2.48% APY), 30-month (2.78% APY), $100k minimum, new money required. APYs 25 bps lower with $500 minimum.

Availability: Easy membership requirement by joining CU Savers ($10 one-time membership fee); residents of certain Tampa Zip Codes; SEGs.

Florida-based GTE Financial is offering limited-time Share and Jumbo Share Certificate Specials, with very competitive rates. New money is required for both the Share Certificates ($500 minimum) and Jumbo Share Certificates ($100k minimum).

2.78%$100k-GTE Financial30 Month Promotional Jumbo Share Certificate w/ Add-on (New Money Only)
2.48%$100k-GTE Financial24 Month Promotional Jumbo Share Certificate w/ Add-on (New Money Only)
2.32%$100k-GTE Financial18 Month Promotional Jumbo Share Certificate w/ Add-on (New Money Only)
1.76%$100k-GTE Financial12 Month Promotional Jumbo Share Certificate w/ Add-on (New Money Only)
1.56%$100k-GTE Financial6 Month Promotional Jumbo Share Certificate w/ Add-on (New Money Only)
Accounts mentioned in this post. Rates as of October 11, 2017.
2.53%$500$100kGTE Financial30 Month Promotional Share Certificate w/ Add-on (New Money Only)
2.22%$500$100kGTE Financial24 Month Promotional Share Certificate w/ Add-on (New Money Only)
2.07%$500$100kGTE Financial18 Month Promotional Share Certificate w/ Add-on (New Money Only)
1.51%$500$100kGTE Financial12 Month Promotional Share Certificate w/ Add-on (New Money Only)
1.31%$500$100kGTE Financial6 Month Promotional Share Certificate w/ Add-on (New Money Only)
Accounts mentioned in this post. Rates as of October 11, 2017.

The Share Certificate Special landing page gives you “the skinny” on this promotion, including the following:

1. Open a new Promotional Share Certificate starting October 3, 2017. (Go to 'Open Additional Checking/Deposit Account' and make sure to choose a Share Certificate that has the word ‘Promo’ or 'Promotional' in the name).

2. Move your money from another Financial Institution to a new Promotional GTE Share Certificate to qualify for this special Yield (money already deposited at GTE is ineligible).

5. We’ve included the Add-on feature to all Promotional Share Certificates! That means, you can add money at any time during your term, in as little as $20 increments.

6. There’s no cap to how much you can deposit during this special (Typically there is a $6,000 cap).

GTE Financial also has an FAQs page that’s highly detailed. The “What if it’s a large sum that I am looking to move over?” section addresses the issue of transferring large amounts.

If you apply and open a Promotional Share Certificate online, it will walk you through the funding process. However, there are limits to how much you can deposit using the online experience. If you are looking to make a deposit into the Promotional Share Certificate over $5,000, we recommend making a deposit at a GTE Financial location or a Shared Branching location.

The Members Advantage program, which can add an additional 25 bps on certificates, does not apply to this promotion.

Because we’ve increased our Yields for this special promotion up to 1.25% APY, you will be unable to combine other APY and deposit offers.

The fine print on the promotion page explains the Early Withdrawal Penalty.

If you decide to make a withdrawal on the Promotional Share Certificate, you would forfeit up to 90 days earned dividends for 6 and 12 month terms. For longer terms, you would forfeit up to 180 days earned dividends.

Thanks to the DA reader who emailed me about these great rates.


Headquartered in Tampa, Florida, GTE Financial’s field of membership (FOM) permits almost any U.S. citizen or resident alien to join.

Easy membership: Joining GTE Financial’s non-profit educational financial club, CU Savers (one-time $10 membership fee), qualifies for credit union membership.

Residency: Individuals who live, work, worship, or attend school in the following Tampa Zip Codes are eligible to join - 33602, 33603, 33604, 33605, 33606, 33607, 33609, 33610, 33619.

Employment: Employees (and their immediate family members) of a Community Partner (SEG) qualify for membership.

Relationship: Immediate family members (spouse, child, parent, sibling, stepparent, stepchild, grandparent, or grandchild) of a current Credit Union member is eligible for membership.

Joining GTE Financial and/or opening a Share Certificate can be done online, or in person at any of 23 Florida branches located in Brandon, Clearwater, Crystal River, Hudson, Lakeland (2), Lutz, New Port Richey, Ocala, Plant City, Sarasota, Seffner, Seminole, St. Petersburg (2), Tampa (7), and Temple Terrace.

Credit Union Overview

GTE Financial, has an overall health grade of "B" at, with a Texas Ratio of 12.78% (above average), based on June 30, 2017 data. In the past year, GTE Financial has increased its total non-brokered deposits by $67.29 million, an excellent annual growth rate of 4.1%. Please refer to our financial overview of GTE Financial (NCUA Charter # 196) for more details.

GTE Financial’s predecessor, Peninsula Telephone Employees Federal Credit Union (PTEFCU) was established in 1901. While GT&E purchased Peninsula Telephone Company in 1935, the PTEFCU name remained in place until 1958, when it was changed to GTE Federal Credit Union. In the 1990s, GTE Financial was the first Florida credit union (and the second in the country) to implement a successful debit card program. The Credit Union rebranded in 2012, and is currently Florida’s seventh largest credit union, with nearly 255,000 members and assets in excess of $1.8 billion.

How the Share Certificate Specials Compare

When compared to the similar length-of-term CDs tracked by that are available nationwide, GTE Financial's Jumbo Share Certificate Special APYs currently rank first or second, regardless of minimum deposit.

Interest RateCD Length of TermCredit Union/Bank
1.61% APY9-Month Jumbo Special CD ($100k min)Veridian Credit Union
1.56% APY6-Month Jumbo Share Certificate Special ($100k min)GTE Financial
1.31% APY6-Month Share Certificate Special ($500 min)GTE Financial

Interest RateCD Length of TermCredit Union/Bank
1.76% APY12-Month Jumbo Share Certificate Special ($100k min)GTE Financial
1.75% APY14-Month CD ($200 min)INOVA Federal Credit Union
1.51% APY12-Month Share Certificate Special ($500 min)GTE Financial

Interest RateCD Length of TermCredit Union/Bank
2.32% APY18-Month Jumbo Share Certificate Special ($100k min)GTE Financial
2.07% APY18-Month Share Certificate Special ($500 min)GTE Financial
1.91% APY15-Month Jumbo Special CD ($100k min)Veridian Credit Union

Interest RateCD Length of TermCredit Union/Bank
2.48% APY24-Month Jumbo Share Certificate Special ($100k min)GTE Financial
2.22% APY24-Month Share Certificate Special ($500 min)GTE Financial
2.02% APY25-Month CD ($500 min)USALLIANCE Financial

Interest RateCD Length of TermCredit Union/Bank
2.78% APY30-Month Jumbo Share Certificate Special ($100k min)GTE Financial
2.53% APY30-Month Share Certificate Special ($500 min)GTE Financial
2.21% APY30-Month CD ($1k min)EBSB Direct

The above rates are accurate as of 10/11/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our Rates Map page.

Related Pages: Orlando CD rates, Tampa CD rates, 1-year CD rates, 5-year CD rates, nationwide deals

Kaight   |     |   Comment #1

JKL   |     |   Comment #2
It looks like if you are not near a branch to open in person the most you can transfer online is $5000.
Chickenfoots   |     |   Comment #3
Tempting offer, but I am slightly shy of the 100k minimum. Can I borrow 20k, Ken? I promise you that I may possibly pay it back someday.
PEP   |     |   Comment #4
I just joined, easy process and they didn't charge me the $10 to join the CU Savers. However, it doesn't appear you can open the jumbo 30 month certificate on line. Only the lower balance one at 2.53%. The jumbo can only be done through the mail (they send you the application) or at a branch. I still did the other one though.
Anonymous   |     |   Comment #7
This is a tempting deal! I have the 1st United 36-mo 3%, add-on CD now. The reason I would consider opening this would be to have another place for funds. The old saying "all your eggs in 1 basket" is another good reason to open this one.
Sylvia   |     |   Comment #8
#7, these deals are not superior to 1st United's. However, if you want to ladder funds, terms of 18 to 30 months look to be solid options.
thowellIII   |     |   Comment #5
I saw the rate this morning and have spent a few hours today going through the process of opening a CD--I was going to post once I had all the information, but Ken posted here first. Overall, my impression from the process: The jumbo CD is a new product for GTE Financial and there is an associated learning process.

A few additional notes/details from conversations with CSRs:
1. The wait time for phone calls has been long all day (15 minutes)--there is a callback option;
2. An alternative is the online chat option, which I found to have shorter waits--the CSRs on the online chat are quite helpful (even when they do not have the answer, they are checking with those who are able to answer the questions);
3. There does not seem to be a limit on the number of these CDs, as long as you're bringing in new funds. So, if you want to have a ladder of 3, 4, or 5 of them at 6 month or 12 month intervals, you appear to be able to open them.
4. The add-on feature means that if you want to open the regular (non-jumbo) CDs, the $5000 maximum transfer should be a relatively small issue: The add-on feature means you can open the accounts and then add more. You would lose a few days interest, but that may be worth it to have the CD open.
5. If you want to open a jumbo CD, as noted above, you need to get into a branch OR a shared branching network (available nationwide). More importantly, though: It appears that you will need to fill out an additional form for opening a jumbo CD. You can either get it online or it is possible that GTE Financial might email it. After completing the form, you will need to send it back along with a copy of your ID. It appears that you can email these documents, although there does not appear to be a secure server option to do so. Note that the document does not ask you to list the term of the CD or even give a place to indicate that you're opening a CD).
6. Joining the credit union online is fast/easy. After doing so, I was able to log on to my account right away and see my member number and account number for the savings account.
7. But, when I went to a shared branch credit union, the teller was unable to see my savings account--they could see that I was a member. Apparently, GTE Financial had to first activate the share account into which you would deposit the funds. (I was able to do so after calling--but that did take a while on hold). The CSR informed me that there may be a $3 fee for shared branch transactions.
8. After the deposit and submitting the documents, the new account department will review and communicate back to get the additional information needed (presumably the information that is not on the form). GTE anticipates that it may take 1-2 business days (although if there are many applications coming in, that time period could increase, I suspect).

Given how thorough the information on opening the regular (non-jumbo) CDs is on the web page, I suspect that much of the above experience has to do with not having had every detail for the jumbo CD worked out ahead of time. I would not let the hassles stop me from opening a jumbo CD if I was looking to place $100,000 or more because the rates are quite attractive.
Sylvia   |     |   Comment #23
Regarding point #7, fee schedule shows a $3/day charge for shared branch transactions. In its tips on avoiding fees, the CU says deposits made at free CO-OP ATMs are no charge. No so if you hand your check to a branch associate.
thowellIII   |     |   Comment #45
I don't find a $3 fee for the rates offered outlandish or a deal breaker. It is, however, not typical for CUs using the shared branch network. I'm also not sure that an ATM would have worked under the circumstances (waiting for GTE to activate an account that I could see online). That said, adding a bit to a deposit to account for any unforseen (or, in this case unread) expenses does make sense.
Sparky   |     |   Comment #67
"It appears that you can email these documents, although there does not appear to be a secure server option to do so." The CR sent me a secure email that will permit me to securely email my ID and other required documents.
Sperry8   |     |   Comment #6
But if one wants to ACH in from another bank (e.g., Ally) are they still capping the limit at $5k? Usually I've found these sorts of limits do not apply when pushing/initiating at another bank.
anonymous   |     |   Comment #9
I went online to join the credit union, open the required savings account, and get a non-jumbo promotional CD. At the end of the process, I received a message that a credit union representative will contact me. So, for whatever reason(s), I have a pending application.
rhutnik   |     |   Comment #10
What is the most competitive offer here? Does it make sense to open a 30 month $500 CD and add in as you can/want? How has the joining process been, other than what has already been described so far? I've been hesitant to open up CDs (I'm a student) other than things like Ally's No Penalty and the NavyFed 5 month 3%, but if the minimum is only $500 for 30 months guaranteed this seems like a great place to park some money. Even better to ladder it as described as above or open up a few of these accounts (though I'm not sure if that will help with the EWP if you really needed to withdraw early, might just help in management of the accounts).
Crooked H>
Crooked H>   |     |   Comment #11
threw 500 in the 30 mo. promo for a hedge against rates going lower ...noticed they had a 60 month ira deal for 2.84% with members advantage what ever that is ...whats the poop on this one ?
Kaight   |     |   Comment #12
I'm sticking by what I wrote in Comment #1. This is a good deal.

But I'm willing to concede there are some annoying wrinkles for those wanting to go for the big money.
It's a shame they rolled this deal out before they ironed it out.
Att   |     |   Comment #13
Annoying wrinkles keeping me away.
Kaight   |     |   Comment #14
I am respectful of your thinking. I jumped in nevertheless. Here is why:

*Fastest $150 I ever made. While not poor, I do not leave money lying in the street. Their credit card funding tops out at $5000 and I have the 3% Alliant CC deal going on.

*The insurance aspect mentioned up thread by an earlier poster. This is owing to the add-on feature. I may never need this insurance, and right now everything is pointing in the other direction. But the $500 cost is so low I cannot say no . . . . especially considering the credit union is picking up $150 of that while paying me interest, and paying my $10 admission fee to boot.

The big money aspect is, indeed, annoying. But I'm content for now to schnarf up a few monetary crumbs while gaining membership for free along with a bit of insurance.
Anonymous   |     |   Comment #16
I hope this isn't a dumb question. Is there any chance that using CC funding could go through as a cash advance, which would invalidate the CC rebate and incur a fee? In my case, it's a Chase Visa CC.
Kaight   |     |   Comment #17
Not a dumb question at all. Yes, that is always a possibility . . . . ESPECIALLY with a "big bank" card like one from Chase.  As for me, I'm hoping for the best and having a little fun.


The way most people deal with possibility of transaction posting as an unwanted cash advance is to telephone bank and request reduction of your cash advance limit to a safe amount, most often $0 or $1 or $10 or whatever is the smallest number the bank's system allows.
alan1   |     |   Comment #18
It's not a dumb question, and yes, there is a chance. According to Doctor of Credit:
"When you open a new savings or checking account, some banks give you the option of using your credit card for the initial deposit. On this page we’ve got a number of data points for which banks (and credit cards) count as cash advances and which don’t."

I don't know when the article was written nor how accurate it is.
RickZ   |     |   Comment #21
I opened a $5K CD at GTE and funded it with my Citi Dividend card - I have the cash advance limit on that card set at $0. The transaction has posted on my Citi account page and I confirmed with Citi that it is coded as a purchase and not a cash advance (if it went through as a cash advance it would have been rejected). I only get 1% back with my Citi Dividend card - I would have preferred to use my Fidelity Visa card which pays 2% but the cash advance limit on the Fidelity card cannot be lowered (it is set at 25% of my credit limit). It probably would have coded as a purchase with that card also but I didn't want to take a chance.
deplorable 1
deplorable 1   |     |   Comment #35
Sweet! I have the Citi 2% double cash card so I'm going to use this. What is the max you can fund with the card? $5,000 or more?
deplorable 1
deplorable 1   |     |   Comment #43
@RickZ: So it is confirmed that GTE codes this transaction as a purchase and not a cash advance?
Anonymous   |     |   Comment #20
I also opened the account this morning. It was a simple process, & I didn't have to pay the $10 admission fee.

I have decided to take the 30-mo (2.78%) with the $100K new money. So I waited on the phone 8-10 min for a Rep to find out how to proceed. This gal told me I could write a check for the funds & snail mail. I should include my membership # & a note telling them just exactly what I wanted, & also include a tracking # from the PO.

So here's hoping I don't have to start over after GTE Financial receives my check..
Anonymous   |     |   Comment #24
I just received a call back from the Rep who gave me the instructions to proceed with my check to open the Share Certificate Special. She had more instructions: now I must fill out an Account Ownership Designation form & enclose a copy of Drivers Lic. along with the check. This was mentioned earlier on this site.

Actually, it was very nice of this Rep to make a return call to inform me of this change.
Sparky   |     |   Comment #26
Where can I obtain an "Account Ownership Designation" form.
Kirkland   |     |   Comment #29
once you open an account for $5 you will select a username and password, then log on and go to everythingelse tab, resources, forms... to get the account owner designation form... Still there is no online form to select what term jumbo certificate, or any details... you have to go into a branch or you must mail instructions I believe
Sparky   |     |   Comment #33
Thanks very much for your assistance. I wouldn't have found the form on my own. I plan to send the form along with a copy of my driver's license to GTE's main branch at 711 E Henderson Ave., Tampa, FL 33602. I'll also be enclosing a check and a letter describing what promo term I'm requesting. I suppose I'm going to have to gamble that the offer stays in effect until my letter arrives.
Sparky   |     |   Comment #37
@ Kirkland et al. Please disregard my comment about mailing to 711 E. Henderson. The GTE site designates PO Box 172599 for "general mail" and PO Box 172539 for Payments/Deposits". That's why the chat agent advised you to use the latter address.
Kirkland   |     |   Comment #28
On the Jumbo Certificates, Do you know if you can receive a monthly interest check, also will they mail you a check at redemption time? With no form to fill out are you just assuming they will get the details, etc. correct? Any worry that it is rated B?
Sylvia   |     |   Comment #42
Kirkland (#28), looking at their fee schedule, I'm guessing checks would not be free, assuming they're available. While fee schedule has no direct mention of this, GTE does specify many services that come with fees, including $6.00 for an "official check."
Kirkland   |     |   Comment #30
Also what address do you mail check to? chat told me and insisted twice it was PO BOX 172539 but their website has a different PO Box listed as 172599. Which is correct?
Anonymous   |     |   Comment #39
A Rep told me to mail my check & form to 711 Henderson Ave, Tampa. I mailed all the info tonight, so I hope it works out.
???   |     |   Comment #44 to clarify post #30

Sparky | 1 hour ago | Comment #37
@ Kirkland et al. Please disregard my comment about mailing to 711 E. Henderson. The GTE site designates PO Box 172599 for "general mail" and PO Box 172539 for Payments/Deposits". That's why the chat agent advised you to use the latter address.
Kirkland   |     |   Comment #31
and will special jumbo certificate rate still be available by the time the snail mail check is received in Tampa?
Jill   |     |   Comment #25
Hard credit inquiry or soft inquiry?
deplorable 1
deplorable 1   |     |   Comment #51
Nice $150 bonus for opening a CD. What credit card is giving 3% for regular purchases?
Kaight   |     |   Comment #52
As I indicated in Post #14, I'm doing the Alliant 3% CC deal at present and, indeed, for the next ten or eleven months. A 3% across-the-board reward, with no maximum, is a decent reward. Locating prudent spending opportunities is a challenge, so this GTE Financial situation was a happy find.
MadameX   |     |   Comment #15
CD specials can't be used in IRA's.
Jill   |     |   Comment #19
Do they perform a hard credit inquiry/or pull soft inquiry when you apply for membership and open an account?
RickZ   |     |   Comment #38
Just saw ... unfortunately it's a hard pull.
Bozo   |     |   Comment #22
The way things are going (hopefully in a positive direction), I have decided to adopt the following strategy:

(1) When my 11 month 1.9% after-tax CD matures next August (of 2018), I will plop the proceeds into my Alliant savings account (at 1.15% or whatever);

(2) I will then patiently await the "hot deals" here at Ken's blog, and have the ammunition;

(3) I will not commit all at once;

(4) I will attempt to avoid "buyer's remorse".

It's a long story, but the 11-month after-tax CD is basically a legacy. It used to be a USAA CD at 3.8%, for a seven-year term, which matured (sadly) a few months back. Now, we'd like to get it back throwing off some monthly cash flow, but the odds are daunting.
deplorable 1
deplorable 1   |     |   Comment #36
@Bozo: I warned you about those long 7 year CD's. Who knows we may get even better deals in the months ahead. Did you miss out on that 3% 36 month CD @ United? If you did you must be kicking yourself right now. I hope you are not near those fires, it looks like the apocalypse on the news.
rzelman   |     |   Comment #27
What are the limits of NCUA insurance?
rzelman   |     |   Comment #74
$250K per individual, the same as FDIC per CSR.
nobody   |     |   Comment #32
Don't like the overall reviews on the institution or their health rating of "B"
Kaight   |     |   Comment #48
This is a valid concern under either of two scenarios:

1. Your plan is to place on deposit an amount of money in excess of the NCUA insured limits

2. You solemnly believe, beyond doubt, there is possibility the NCUA is going belly up

In either instance you are wise to remain well clear of this deal. Course the NCUA is not likely to turn turtle unless the USA itself does so, something within the realm of possibility given this nation's current and future debt. Thing is, when (if) the US collapses we all will have much larger concerns than the NCUA.
rzelman   |     |   Comment #69
Are the limit of NCUA the same as FDIC?
Kaight   |     |   Comment #70
Yes for the most part. But remember Google is your lifelong friend where such questions are concerned.
deplorable 1
deplorable 1   |     |   Comment #34
That's what I'm talking about! I'm hopping in on this add-on CD for $500. I only wish I had $100,000 laying around but it's all tied up in other CD's @2%, 2.28%, 2.32%, 2.5%, 3% and yes even 5% APY.
deplorable 1
deplorable 1   |     |   Comment #40
I called Citibank to see if funding a CD with the double cash card would result in a purchase or a cash advance and they told me that it all depends on how it is coded on the other end. Does anyone know how GTE financial codes these transactions? I don't want to get stuck with a cash advance fee on $5,000! Yikes. I asked them to set the cash advance limit to $0 and they said that would lower my credit line substantially which is a no go as this is my default spending card.
Kaight   |     |   Comment #46
Do not allow yourself to be bullsh***ed by a big city bank undeserving of your business in the first place. Your cash advance limit and your credit limit are two entirely separate things. Lowering your cash advance limit should not impact your credit limit in the least. If your "big bank" ties the two limits together to somehow enhance their bottom line, you need to change banks pronto!!

There are instances where a credit provider will simply not allow alteration (i.e., reduction) of a cash advance limit. But tying that to a credit limit threat is unvarnished BS.
deplorable 1
deplorable 1   |     |   Comment #49
@Kaight: Yeah that sounded fishy to me too. I always have a problem with Citibank customer service when I get someone from India(English speaking). Something gets lost in translation even though I'm being crystal clear with my questions. I think it's the after hours crew.
Kaight   |     |   Comment #50
After further review, I was being too tough on the rep with whom you spoke. A bank like Citi probably does have a rule tying together credit limit and cash advance limit, one being defined as a fraction of the other. Point is, there is no NEED for such a rule, which is a BS rule. But that is the fault of the idiots running Citi, not the fault of some poor schlub rep in Bangalore.
anon   |     |   Comment #41
Do they ask for a copy of Social Security card to become a member?
Kaight   |     |   Comment #47
No. At least not so far.
deplorable 1
deplorable 1   |     |   Comment #53
Ok I just opened this account and CD with my Citibank 2% card for $5,000 so $100 bonus plus 2.53% APY. The CSR said that they code the credit card funding as a purchase so crossing my fingers and hoping for the best. You do not have to open a checking account to fund and add additional deposits to the CD. A share account $5 is all you need. They even let me join for free as the pay the $10 membership fee for you! According to CSR additional deposits can't be made by cc funding :( So almost a 5% yield on the first $5,000. You can login right away but the CD doesn't show up instantly just the share account and number. They say that they will be contacting me within one day to finalize account opening whether that is be email or phone they didn't say. Thanks Ken for posting this great CD deal!
Kaight   |     |   Comment #55
Good for you and well done. A hundred bucks is a hundred bucks. You have to have fun with this small potatoes, sure thing, stuff. It's only a hundred bucks, but there is NO RISK and NO TAX! You can play with the fat cats in the stock market casino, but there IS risk and a bit of tax as well, along with a fair share of stress when things go south. Back in '08 and '09 friends lost between a quarter and one half of their net worth. That's not fun . . . . and such a loss can cause stress. Your hundred will buy an ample number of delicious McDonald's hamburgers. Who needs more!
deplorable 1
deplorable 1   |     |   Comment #58
@Kaight: Well I'm also doing this with Bank of America's 0% no fee balance transfer for 22 months free money. So I'm guessing the 3% cash back on your credit card is a limited special for opening the card for the first year only? Kind of like how the Discover IT offers double cash back for the first year which includes the 5% cash back categories. I actually earned 10% last year on the Discover IT card by using it just for the 5% bonus categories. Then I use my Discover bonus cash to get gift cards at a discount $20 for $25 for a additional bonus. Funny that so called financial advisers are still telling folks to cut up their credit cards when if you are smart they are one of the best financial tools out there.
Kaight   |     |   Comment #62
Yeah, the Alliant deal is only for a year. After that it drops to a 2.5% reward with a $59 annual fee. Not sure I will still be carrying the card after year one. Have to see what other deals are out there at that time.
deplorable 1
deplorable 1   |     |   Comment #76
The annual fee is probably a deal breaker for me. I have like 20 credit cards and $0 annual fees. The Citi 2%(double cash), Chase freedom and Discover IT cards all have no annual fees. Those are my 3 favorites.
deplorable 1
deplorable 1   |     |   Comment #54
One additional note on this CD. On the website it says that they removed the max cap for the promotional CD's only so I am assuming that there is no cap on this CD as well which makes this a even better deal.
deplorable 1
deplorable 1   |     |   Comment #56
This is from the FAQ's on the GTE website:
During the special, there is no cap on how much you can deposit into the Promotional Share Certificate! And with the Add-on feature, available for all the Promotional Share Certificate terms of 6, 12, 18, 24 and 30 months, you can make ongoing deposits versus one overall deposit. The regular Share Certificate cap is $6,000.
So basically the sky is the limit on this one!
Kaight   |     |   Comment #57
Long time followers of Ken's work understand the likelihood add-on CDs may not remain so throughout their lifetimes, notwithstanding early promises to the contrary. Sometimes I think we realize this better than some of today's CU officers. When these things age out to become short term, the fixed interest rates become MUCH higher than rates offered by other short money opportunities. As an example:

In the fall of 2019 the present 2.78% deal will have roughly six months to go and will still be paying 2.78% interest. Where else you gonna find that kind of return on (what is effectively) a six month CD? See what I mean?

So what do they do?  They use the NCUA 30-day notice rule to clip the wings of the add-on provision.  Nobody should be surprised or particularly upset when and if such as this happens down the line.
deplorable 1
deplorable 1   |     |   Comment #59
Well I guess I'll be dumping more cash in there real soon as some of my other CD's mature then. Hopefully 2.5 years down the road finding 3-4% on a CD will be commonplace.
Anonymous   |     |   Comment #60
Knight, you seem to have the answers to our questions. I do plan to add more money to this add-on CD in the near future. That CD I have that matures in early Nov will go right into this 2.78%. (if nothing better comes along)

I should say, if this deal doesn't expire before my snail mail check arrives on Monday. I mailed all the info & DL 10/12, so it should be there 10/16. There was debate earlier about the correct address to send everything, so that could also be a problem.
Kaight   |     |   Comment #61
They are telling me the deal will be around at least several more days, so you should be OK. Of course these things NEVER come with a guarantee of availability.


We rate chasers take our chances, just like always.  We are, after all, wild and crazy galoots.  
Anonymous   |     |   Comment #64
Hope you're right about this deal being around for a few more days!

I just logged into my new acct with GTE Financial. I used my CC to charge the $5.00 to open the Savings Acct. Yesterday the acct showed $0 & today it shows $5. So those of you that charged a large amount on your CC, has it posted on your account yet?
Kaight   |     |   Comment #65
Your post is not helpful because you do not say when you used your CC to charge the $5.00.

In my case, I charged the max yesterday and the money continues not to be showing in my GTE account. I was told they would telephone me before putting the charge through. Of course you never know whether or not that is accurate. But as of this post, they have not telephoned me and they also have not credited my GTE account. So we shall see what happens.  I am seeing the CC charge at Alliant, but only so far as a pending transaction, not yet as an actual charge to the card.
Anonymous   |     |   Comment #68
I charged the acct yesterday 10/12, and today 10/13, the $5. is posted to the GTE Financial.
deplorable 1
deplorable 1   |     |   Comment #66
Not yet but it usually takes a couple of days for credit card transactions to post. I just hope it posts as a purchase and not a cash advance or I will have to pay my bill in full immediately. I figure it was worth a shot. This is the first time I have tried to fund a bank account/CU with a credit card so this should be a learning experience.
Nope   |     |   Comment #63
Looks like a big hassle to open anything over $5K......and don't like the "B" rating. Forget it.
Kaight   |     |   Comment #72
Thumbs up.  Love you to death. Wish everyone agreed with you. Life would be so much easier!!
deplorable 1
deplorable 1   |     |   Comment #77
@Nope: Yeah but who cares when you can just add money later and fund it with a credit card and earn cash back rewards to boot. If I had $100,000 liquid I would have just done the 2.78% deal like Kaight did. Plus this is only a 2.5 year CD which make this even a better deal than that 3% 3 yr. CD was IMO.
Kaight   |     |   Comment #71
Wow. GTE website down at this hour. They must be getting HAMMERED!!  Hope is fading just a bit for ever getting this deal.  Oh, well.  Congrats to all those who were successful.
deplorable 1
deplorable 1   |     |   Comment #78
@Kaight: Not too surprising given the term of this deal though.
Anonymous   |     |   Comment #79
I think we all need to wait until Monday 10/16, before we give up hope on this deal. Many folks seem to be waiting for a call from GTE Financial. My DL, Forms & Check are all in the mail, so I'm not waiting for that call.
Zemo999   |     |   Comment #73
Sorry if this is a dup - the first time I posted this, it doesn't seem to have 'taken'. Altho perhaps there's a time lag or vetting - but I wanted to get my experience with this great deal out there, so:
This might be thought of as a small addendum/update to Thowellll's detailed comments from Oct 11th.
On that date, I spend 2 hours on the phone with a rep who really didn't know what they were talking about in regards to the 18 month 2.32 APY CD. Mostly, I spent the time suggesting to him how we could work out various issues, with him agreeing "Yes, that would work." to most of the ideas I had on how to make this as non-onerous as possible. But only to have him tell me after, literally 2 hours of this, that it looks like to fund the account, given the $7500 (his figure) limit on ACH transactions, I'd have to go there in person to hand them a check for $100k or more at one of their branches to fund the CD. Previously, he had said that I'd need to mail them a paper check (how quaint.) I was going to report back here that at this small bank it's strictly 'amateur hour', and don't waste your time. I figured I'd call back the next day and ask if they'd be willing to give me a round-trip airline ticket to one of their branches so I could deposit funds in person :-)
However, I did call back on the 12th and it was a day-and-night experience. The woman I spoke with was knowledgeable and helpful, sorry about the first experience, and said they've finally got ways to work out the kinks in the system that people had been experiencing. Namely, that one opens a share certificate accounts (it's like a savings account, I guess), after which I did get an email asking me to confirm that I had opened the account, etc., which only took a response by email to verify. From there, I can wire in funds to that account, and if I've got at least $100k with which to open the 18 month Jumbo CD, I can open that CD account online - altho I've found that online runs into snags, and she agreed with me that if there was trouble to call them and they'd walk me through it. I am about to set up a wire for the funds. (They charge $10 for an incoming wire (again, how quaint) but that cost is negligible in my mind for the return you're getting. I'll just have to see how it goes from here, but it sounds like it may be quite doable.
The add-on feature sounds great - you can add any amount, as many times as you wish, to the CD account to get 2.32APY on those funds, too. The same with the accrued interest if you just let it accumulate to the account, or, you can export it to another account/institution if you wish. I'm all for just letting it accumulate. It's not quite the perfect place to park funds while waiting for that 3% CD that Ken speaks of, and the AgFed perfect solution of a high yield no penalty CD closed preemptively without notice (darn - I missed that by about a day.) But this is close, given how high the APY is. My only concern is that they'll close the offer before I can set everything up, given that I'll be exporting funds by wire from another institution, and it looks like part of their process is to have one of their agents call you sometime (hopefully, the 1-2 days they say) for further possible verification. But so far, so good. The 2nd rep obviously changed my mind for the time being about this being too much of a Mickey Mouse operation to dive into. The health rating that Ken gives it of 'B' is not great, but hopefully they can stay afloat for 18 months.
rzelman   |     |   Comment #75
First time dealing with a CU for me. So far the process to open a jumbo18mo CD is going OK. Joined online as a saver for free and funded the $5 minimum and uploaded DL online. Chat CSR advised me that I could fund the balance of the CD by going to a local COOP affiliate here in WA or by wire once the account is confirmed. Waiting to receive a call from them in order to proceed to the next step. 2.32% rate for 18 mo will be hard to beat even if the Fed raises rates in Dec.
Kirkland   |     |   Comment #80
I decided to take a chance on this even though rated B cause it is my home state and i have read Tampa area is thriving... even though some other areas they are located in are not so hot. i opened my $5. account yesterday and mailed my documents today after clarifying further questions.. sent a letter of detailed instructions, license copy, account designation form, and a jumbo check and I went for the 24 month jumbo paying 2.45% rate monthly and they said over the phone that there was no charge to send monthly interest to me. I don't plan on adding and therefore am not opening a savings account, just the certificate. There is only a 7 day grace period on redemption. Also confirmed that NCUA insurance is up to $250k. Even if they close the deal early next week, I believe (hope) they will honor the rate for those checks that arrive in mail within a day or two if mailed before deal closes. I do agree with those that said the 18 month term is the best deal.
Sylvia   |     |   Comment #81
Kirkland (#80), having a savings account would give you a place for them to transfer interest, along with CD balance at maturity, if you choose not to roll over CD. As soon as money posts, you'd be able to extract it electronically, avoiding delay and hassle of dealing with paper checks.
Kaight   |     |   Comment #82
Well, my charge card five grand is now showing in my account. It shows as available. But when I try to transfer a few bucks to my member savings their system throws an unexplained error.

They promised me I would receive a telephone call before the money went into my account. That telephone call never happened.

Perhaps things will be better tomorrow.
MadameX   |     |   Comment #83
With the just released 12 month inflation rate at 2.2% and the November iBond rate at 2.48%, these CD's don't look at good as they did yesterday.

They're still a decent alternative to storing cash into savings accounts. The add-on feature makes it easier to just dump money into them over the course of time.

The sweet spot for me is the 30 month $500 buck minimum at 2.53%. I've got some CD's coming-up over the next few months that may find GTE as their new home.
anonymous   |     |   Comment #84
Has Ken ever advised us to avoid credit unions with a health rating of B?
Kaight   |     |   Comment #85
No mere poster here, including especially myself, can speak for Ken. He is one of the most knowledgeable people in the country where banking is concerned. Period.

That said, and speaking only for myself, I do not believe Ken has ever offered any such counsel. I do believe he would agree that, when depositing funds into a lower rated bank or CU, it is more important than ever to observe fastidiously, and to carefully remain within, FDIC or NCUA insured guidelines.
Kaight   |     |   Comment #86
I did it!!

I have an unhealthful amount of fun with this small money stuff. What can I say? I enjoy too much nontaxable free money. :-)

Anyway, I always know when my CC statement is about to close, since I charge a lot of stuff the next day.  Nevertheless, I charged the five grand at GTE a day before a more prudent person would have done so, a day before my statement closed. Imprudent? Yeah, I know. Because doing things this way creates a race condition to where you don't know whether the charge will hit the card next day, or whether instead it will not and you will get an extra month to pay off the charge.

Well, my CC statement closed a few hours ago and I was lucky; the GTE charge did not hit. So now I have an extra month to use the five grand before having to pay off my GTE deposit CC charge. Life is good . . and fun. And I also scored over a hundred bucks, unrelated to GTE, for paying my taxes last month. Unlimited 3% cash back rewards are also fun.

Now descending into the silly:

Ken needs to publish a list of the top fifty (or whatever number works) banks and credit unions allowing the highest dollar credit card funding of new accounts. I would definitely consider opening some new banking relationships . . . at $150 or more a pop tax free . . . if only I knew where the opportunities were!!

Credit card funding of new accounts rocks!  But my best, imperfect, recollection is that sadly a $1000 ceiling is far more common that GTE's generous, possibly even sui generis for all I know, $5000 ceiling.
Anonymous   |     |   Comment #87
Yes, Kaight, I do exactly the same thing with my CC closing & charging. My CC always ends around the 20th of the month. I charge "big time" right after the CC closes. Unlike you, I do not get a 2-3% bonus with paying off my CC balance each month. But, I do get mileage credit & I always fly AA First Class. Life is Great!
Anonymous   |     |   Comment #88
But, Kaight, Please let me or all of us know where you get the 3% rebate?
Kaight   |     |   Comment #91
It's the Alliant Visa Signature card during their one year introductory promotion interval. After one year the reward drops to 2.5% and there is a $59 annual fee. Course you have to be an Alliant member to obtain the card, but I think many people here are already Alliant members. Ken usually writes well of Alliant.
Anonymous   |     |   Comment #92
Thanks Kaight. I'm going to check into this.. I imagine you will drop this card after the first year, before they add the $59. fee.
deplorable 1
deplorable 1   |     |   Comment #89
@Kaight: I was thinking about the same thing. There are a few websites that have compiled some data points on this subject.
Back in the glory days of 0% no fee balance transfers when banks were paying 5-6% in savings/MMA's banks were actually paying cash bonuses of like $200(tax free!) for completing balance transfers. That was on top of the interest you would earn for 12-18 months.
There is a credit card that pays 3% all the time in categories that you select. The Huntington voice card. I set mine to utilities and earn 3% cash back on phone, cellphone, gas, electricity,internet,cable(I don't have cable but it works on it). Also $0 annual fee. I found this while getting a $200 bonus for opening a checking account with no direct deposit requirement. Apparently you need to be a Huntington bank customer to get it. The funny thing is that you can close the bank account and actually keep the credit card open though.
Kaight   |     |   Comment #93
That is impressive stuff. Shows how far behind I am. Those people were literally YEARS ahead of me!! Still though, even today free money, which is also TAX free, remains fun. Why is it so much more fun when you pay no tax? Can anyone explain that?
deplorable 1
deplorable 1   |     |   Comment #96
@Kaight: For me it is very satisfying to beat the banks at their own game while also beating uncle Sam at the same time. What can I say I consider it a challenge kind of like a game of chess where one wrong move could be the difference between winning and losing. Funny story: I was trying to get a credit balance refund check for around $100,000 once. So I call the credit card CSR to request a check or ACH transfer. The guy at the other end tells me that he knows what I'm doing by making interest off the balance transfer. He then tells me that they(the credit card company) isn't making any money off of me! Like I took out a loan from the mob or something. So I ask him If I am breaking any laws. He tells me not technically. So I politely reminded him of regulation z or 12 CFR 226.11 which states that they have to return the credit balance within 7 days. He was trying to go all Joe Pesci on me to scare me or something. I ended up getting the cash though.
Zemo999   |     |   Comment #90
Ah, this is becoming really frustrating, as it's the 3rd time I've tried to post comments about my experience in trying to open the 2.32% 18th month Jumbo CD with GTE - I keep 'publishing' it here, but so far it never 'takes' and so can't be seen by anyone, right? Maybe this time is the charm:

This might be thought of as a small addendum/update to Thowellll's detailed comments from Oct 11th.
On that date, I spend 2 hours on the phone with a rep who really didn't know what they were talking about in regards to the 18 month 2.32 APY CD. Mostly, I spent the time suggesting to him how we could work out various issues, with him agreeing "Yes, that would work." to most of the ideas I had on how to make this as non-onerous as possible. But only to have him tell me after, literally 2 hours of this, that it looks like to fund the account, given the $7500 (his figure) limit on ACH transactions, I'd have to go there in person to hand them a check for $100k or more at one of their branches to fund the CD. Previously, he had said that I'd need to mail them a paper check (how quaint.) I was going to report back here that at this small bank it's strictly 'amateur hour', and don't waste your time. I figured I'd call back the next day and ask if they'd be willing to give me a round-trip airline ticket to one of their branches so I could deposit funds in person :-)
However, I did call back on the 12th and it was a day-and-night experience. The woman I spoke with was knowledgeable and helpful, sorry about the first experience, and said they've finally got ways to work out the kinks in the system that people had been experiencing. Namely, that one opens a share certificate accounts (it's like a savings account, I guess), after which I did get an email asking me to confirm that I had opened the account, etc., which only took a response by email to verify. From there, I can wire in funds to that account, and if I've got at least $100k with which to open the 18 month Jumbo CD, I can open that CD account online - altho I've found that online runs into snags, and she agreed with me that if there was trouble to call them and they'd walk me through it. I am about to set up a wire for the funds. (They charge $10 for an incoming wire (again, how quaint) but that cost is negligible in my mind for the return you're getting. I'll just have to see how it goes from here, but it sounds like it may be quite doable.
The add-on feature sounds great - you can add any amount, as many times as you wish, to the CD account to get 2.32APY on those funds, too. The same with the accrued interest if you just let it accumulate to the account, or, you can export it to another account/institution if you wish. I'm all for just letting it accumulate. It's not quite the perfect place to park funds while waiting for that 3% CD that Ken speaks of, and the AgFed perfect solution of a high yield no penalty CD closed preemptively without notice (darn - I missed that by about a day.) But this is close, given how high the APY is. My only concern is that they'll close the offer before I can set everything up, given that I'll be exporting funds by wire from another institution, and it looks like part of their process is to have one of their agents call you sometime (hopefully, the 1-2 days they say) for further possible verification. But so far, so good. The 2nd rep obviously changed my mind for the time being about this being too much of a Mickey Mouse operation to dive into. The health rating that Ken gives it of 'B' is not great, but hopefully they can stay afloat for 18 months.
Kaight   |     |   Comment #94
Received telephone call from very nice GTE rep earlier today. She was most helpful. They obviously are doing their best in the face of very large response to this Promo CD offer.

Probably most important message is rep said end of deal is not in sight; not yet. This agrees with input I have had from other contacts there, though this morning's conversation is for me the most recent. The signal was that if you "get 'er done" by mid week you will be OK. Of course we all know these deals can close abruptly and without notice. So don't hang me, or the rep, if this is wrong. Nothing is for certain. But this is hopeful.
Anonymous   |     |   Comment #95
This is good news to me! Glad you got that call from a GTE rep.

Since I'm hoping my info arrives in their office by mail 10/16, and they process it, I'll be ok. The one problem that bothers me is the fact that several of us got different mailing addresses. But, all those addresses should be good for GTE Financial. I mailed with a tracking #, so I'll call Monday to check it out.
deplorable 1
deplorable 1   |     |   Comment #97
For those who got the jumbo $100,000 2.78% 30 month rate. I was wondering exactly how soon the $100,000 must be deposited to the account. I was thinking it would be great If I could open it with a credit card for $5,000 and then trickle the rest in at $5,000 per transfer until I have $100,000 in there.
Sinbad   |     |   Comment #101
Wishful thinking, but a blind squirrel finds a nut every so often! Myself I'm looking for a max CD. I'm not giving any other particulars because only a nut job on the Internet would do so.
Kaight   |     |   Comment #102
Deplorable 1, I asked your question, at least I think this is your question, when the rep telephoned me. I asked if I opened below $100,000, and subsequently increased the balance to where it exceeded $100,000, would my interest rate then automatically be adjusted upward to the 2.78% APY jumbo promo rate. Answer was: "no". Answer was: if you want the 2.78% APY rate, you must open your CD with a minimum of $100,000.

Please bear in mind this was only a single rep.  Experienced rate chasers know input from only a single rep might be correct . . . or it might not be correct. Also, I neither challenged what I was being told nor did I ask the rep to check with a supervisor. The answer was not sufficiently personally pivotal for me to do that. You should not hesitate to call GTE and ask your question of them. Also you should use the online chat feature, a great contact mechanism, to ask your question. That will give you three data points. If they turn out all to be the same, then you probably must open at $100,000 to get the 2.78%.
deplorable 1
deplorable 1   |     |   Comment #109
@Kaight: During the application process for the 30 month non jumbo 2.53% CD I saw the option to open the 30 month jumbo 2.78% CD online. So I was assuming that you could fund it with a credit card for $5,000 initially in order to lock in the 2.78% rate. Then mail in the rest of the forms and documents to complete the process and add the rest of the money later(within a specific time frame). When I logged back in to try this the option to open the jumbo CD online disappeared! Like the rest of you guys I would wan't to make sure I'm actually getting the 2.78% rate before mailing $100,000 in or doing a wire transfer only to find out later that I missed the promo and just locked up $100,000 at the lower normal rate of 1.5%(their regular 30 month yield). They need to let you open the account first and then ACH in the funds just like the other certificates. This going through snail mail is like going back to the 80's.
RickZ   |     |   Comment #114
deplorable 1 (#109), For what it's worth, I'm an attorney. I've dealt with this exact situation a number of times myself. It is important that you include a note (and of course keep a copy) with your application and check that explicitly says that you only want to open this CD if the rate remains at 2.78% or higher and that if the rate is lowered or if the terms of the CD are changed then you do not authorize them to open the CD and you want them to return your check. A wire transfer has less risk because there is minimal lag time involved, but it still may be prudent to send GTE an email or faxed letter stating your instructions prior to sending the wire. Hope that helps!
Bozo   |     |   Comment #123
RickZ (re comment #114), I have done the same on a number of occasions. With so many financial institutions yanking their "hot deals" of late, it is always wise to condition a deposit on an understanding of the rate and term. My wife thinks I'm paranoid; I just point out I'm a retired attorney. Retired attorneys are always paranoid.
MadameX   |     |   Comment #136
To get around this problem I don't instruct them to open a CD. I just have them dump the money into a savings account.

Then I either open the CD online using those funds - or, call them up to get it done. I've had a couple of close calls with some of these specials. Especially, IRA's.

If the rate's changed, then I have to move the money somewhere else. This of course loses interest. But, at least I've got control of the situation.

I suppose voiding a check would take less time than moving the money around. So, they would be less interest lost.

So far, the only time I've had to void a check was when an IRA transfer got lost in space. That took weeks to straighten-out. And, talk about losing interest!
NYCDoug   |     |   Comment #98
Attempting to join, online, Saturday night [too late?] get insuperable error message
(cannot resolve by trying other browsers, restarting, etc):

Multiple LenderID in Session
Please close out of all your internet browser tabs and the current browser window, and reopen the application in a new browser session

A (temporary) glitch -- from overload? Or . . . ?

Error message occurs after clicking "Join" at this link:

UPDATE: But this link seems to be working [so far]:
anonymous   |     |   Comment #99
I believe GTE is doing system maintenance Saturday night.
That info was posted on their primary web page (
Should be completed sometime hopefully early Sunday.
Out-of-state so Out-of-luck?
Out-of-state so Out-of-luck?   |     |   Comment #100
A recent jumbo CD application experience summary follows, including some possible
questions for DA readers:

1st CSR experience (9/13)

Has any out-of-state DA reader successfully securely uploaded documents for a
jumbo CD application so far?

I was first told by a very nice, and seemingly knowledgable, CSR this was (now) possible and
that I'd be provided an appropriate secure link to do so once I established membership and
was ready to request a jumbo CD. According to her, snail mail was no longer necessary.

She also indicated that once the promo jumbo CD 'approval process' was complete I
could open it myself online, funding it from primary savings.

Contrary to what a second CSR told me (see further exposition below) she also agreed
the CD could be funded via external ACH 'push' to primary savings as other DA readers have
speculated, although there are clear promo time-sensitivy advantages to doing a wire or even
better CO-OP deposit. I expressed reservations that the CD account would not understand that
funds in primary savings had come from an external source, as required by the promo
conditions, but she assured me it would correctly figure that out. (I'm not fully convinced yet!)

Details of how the jumbo CD acount approval process proceeds and expected duration were not
provided but she seemed to indicate I should place funds in share savings account ASAP.

2nd CSR experience (9/14)

Unfortunately, after subsequently setting up online membership, I called back in to request the
jumbo CD and was informed by another CSR that out-of-state applicants were absolutely not
permitted to securely upload documents. Snail US mail return only!

Furthermore, her supervisor had explicitly instructed her team that $100k+ checks were
NOT acceptable. She claimed out-of-state jumbos require CO-OP deposits.

She also warned that, once they receive the snail mailed documents, processing takes an
additional 7-10 business days.

She was very adamant, and seemingly somewhat annoyed, on these points, clearly contradicting
my 1st CSR experience and what other DA readers have related. She said all she could do for
me was submit a 'ticket' and that someone would eventually email the necessary info to get

No guarantee of rate lock during the 'proposed process' was offered.

I was also unable to ascertain at what point in the process the CO-OP jumbo deposit funding
must be made available. I'd prefer not to have $100k+ idling in 0% primary savings for
potentially SEVERAL WEEKS TOTAL before anything happens or I'm forced to retrieve funds
from a failed deal timeout! A mailed check deposit would probably avoid this issue, were it still
permitted. (And I'm not fully convinced it isn't based on the 1st CSR conversation!

Prospects for a successful mid-week completion utilizing this methodology seem almost NIL.

I'm inclined to try for a 3rd CSR or perhaps online chat on Monday, though this is
becoming rather time-consuming. :(

Trying to convince myself I'm still having fun at this!
Kaight   |     |   Comment #103
Well, first of all, kudos for being a month ahead of all the rest of us. I've done my best on this deal, but I've only been at it for several days. No way in he!! did I see this deal coming a month ago. You are amazing!

That said, I have successfully uploaded at least one document, being able thereafter to see it appear in my account. But, again, that was only in the past several days. I had never even heard of GTE back in September!!  Hence I'm completely at a loss trying to comment on uploading problems they might back then have been experiencing.

I can observe they appear to be endeavouring to smooth out their processes in the present, or so it seems to me, anyway.  My impression is these efforts have come in response to difficulties some would-be customers have experienced since Ken announced this deal, and are unrelated to anything that was happening last month.
Out-of-state so Out-of-luck?
Out-of-state so Out-of-luck?   |     |   Comment #104
Kaigt: I'm not really amazing ... Just suffering from great stress and sleep deprivation, spending far too much time attempting to figure things out. What a 'hobby'! Apologies for several typos. Corrected experience dates are 10/13, 10/14. What document did you upload and was it under the category something like 'application status'? Were you instructed to do so after GTE reached out to you in response to a CD application? Regular or jumbo?, and are you out-of-state? I was told by the 2nd CSR the snail mail document return restriction only applied to out-of-state jumbo applications. Probably too bad I didn't have my membership yet in place when I spoke to the 1st CSR. I suspect this apparent policy disconnect between personnel might have been easily sidestepped at that critical juncture!
Kaight   |     |   Comment #105
OK. Understood. Well, I successfully uploaded a copy of my driver's license. A couple of other uploads I attempted appear to have failed.

The unknown:

I do not know whether my D/L went into my account automatically, or whether instead it is there thanks to human intervention. You hope for the former, but all too often you are confronted with the latter. In hot deal situations like this, need for human intervention casts sand into the gears, slowing progress significantly. This is because, with so many of us applying, there simply are not enough human beings on the team to handle the overload. We all must hope for the best.
Out-of-state so Out-of-luck?
Out-of-state so Out-of-luck?   |     |   Comment #106

Scanning earlier posts it appears you did the non-jumbo. That possibly explains
why you were directed to do the secure upload link method in the first place, in lieu of snail mail.

But if anyone has managed to accomplish this secure upload method with a jumbo application, consistent with what my 1st CSR claimed is now possible, hopefully they'll chime in.

Curiously, I've noticed there's an option in online banking under the 'application status' section to directly upload documents to your account, in theory bypassing the intermediate external link process and possible need for human intervention to get it finally placed in your account. I've seen and utilized this capability on numerous other similar financial institution online software interfaces. But here I suspect the feature isn't yet fully integrated with GTE's current workflow process.

Too bad! :(

Anyway, thanks for helpful feedback!
Kaight   |     |   Comment #108
Confirmed. I so far have done only the $500 "insurance" CD. I think this is a no-brainer for many of us, the $500 buy-in being ridiculously cheap. At that price one cannot engage in too many such insurance add-on CD situations because one never knows, going forward in time, which will endure and which will not endure. The fact we are actually earning interest on our "insurance premium" just sweetens the deal even more. Course as the buy-in "premium" ascends, such situations become progressively less attractive. But $500? Heck, add-on CD insurance does not come at much lower cost than that!

Am still looking very hard at the "big money" CD, with decent likelihood I will participate. If it happens it will be wired funds. I was advised GTE has waived their $10 incoming wire fee during this promotion, which is a help. I think they are doing everything they can to work with us and see us through this process as painlessly as possible.
Out-of-state so Out-of-luck?
Out-of-state so Out-of-luck?   |     |   Comment #117
Yes, also did the $500 "insurance" thing. Totally agree with your assessment! That application has gone into "pending" status and GTE hasn't gotten back yet regarding document submission. We'll see next week if I'm offered the secure upload route as you were. I'm anticipating that since it appears the issue is only (possibly) triggered by out-of-state jumbo apps.

A $5k buy-in with a cash back CC, as others have mentioned, was also 'interesting' although my measly 1% reward CC isn't as attractive as for others.
3 yr average APY ~(3.53 + 2.53 + 2.53)/3 =2.86%. Still 8 basis points over jumbo rate, though! Figure excludes 0% balance transfer leverage possibility, as others have noted. But added management complexity seems unattractive, particularly if ultimately going for big $$ jumbo and the $5k would reduce the max possible jumbo amount by same to avoid exceeding NCUA limits unless one is willing to add beneficiaries and/or go joint account category.

The $10 GTE wire fee waiver is certainly helpful. But you'll likely still get hit for another ~$20 or so fee unless you qualify for a 'special relationship' fee waiver at the sending institution.

ACH transfers are typically fee-free on both send/receive ends (Haven't verified this with GTE but didn't spot anything in their fee schedule). But you must have funds in an originating institution that allows high $$ transfer limit. Once you establish an external link at the ACH 'push' institution, transfers can typically be completed in 1 day. But initially establishing the link requires another day or two.

If you have a nearby local CO-OP shared branch, funds can be transferred almost
instantaneously! Typically there's no fee but evidently GTE may be an exception. A rep warned there might be a $3 fee deducted from your GTE primary savings or could possibly be assessed in cash on the spot depending on your local shared branch policies. Even with this small fee you still avoid the larger typical $20+ fee at sending institution so it's still a great deal! So, provided your jumbo funds are available elsewhere in an account permitting high $$ limit check writing, you're all set. If you don't already have the additional $3 above the basic $5 amount in your GTE primary savings, just be sure to add it to the CD check deposit amount and you should be safe.

Also, possibly unlike ACH and Fedwire transfer services which only operate weekdays, if your CO-OP branch location is open you might be able to conclude a weekend transfer. (I haven't actually verified this yet, and it also might depend on local branch policy.) If any readers have experience, please post!)

In my experience, local CO-OP, when available, is really the way to go.

Best of luck with whatever approach you finally settle upon!
thowellIII   |     |   Comment #124
The $3 shared branch fee was assessed by GTE after the funds were received. (It was a weekday transaction.) The funds posted to GTE, but the jumbo CD is still not open two business days later but a CSR did confirm that all the documents have been received (via email--although not a secure server).
Sparky   |     |   Comment #140
I deposited my funds for a 30 month promo CD through a shared branch this morning and then called a CSR @ x40535 to get instructions on how to email my Ownership Designation Form and DL. She sent me a secure email that I used to send her the documents by reply email. She also opened my CD on the spot since the funds had already been posted to my share account. It was a very successful transaction.
rzelman   |     |   Comment #113
I was able to upload my DL through the application portal on 10/13. I will try chat tomorrow to see where to go from here to secure the jumbo CD as my conversation with the first CSR led be to believe that I could f/u at my local CO-OP. After reading the above comments that may be too simplistic and wishful thinking but at this point I am only out the $5 that they requested to fund the saving account.
deplorable 1
deplorable 1   |     |   Comment #110
@Out-of-state so Out-of-luck?: "I expressed reservations that the CD account would not understand that funds in primary savings had come from an external source, as required by the promo
conditions, but she assured me it would correctly figure that out. (I'm not fully convinced yet!)".
This is a very good observation and a great question!
This isn't just a concern for jumbo CD's either. What about add-on funds? If we say ACH transfer money to the regular share savings(which is what they tell you to do) and then to the CD they could claim that this isn't "NEW" money as it came from a GTE account. This would make the additional deposits earn the lower non promo rate of 1.5%. How exactly are they able to distinguish the "new money" when it is being transferred from a GTE account? I'm going to have to either call or do a online chat to get these details all worked out.
MadameX   |     |   Comment #107
Just noticed on their schedule of fees that they have a $50 fee for outgoing IRA transfers.

That's a first!

And, a poison pill for opening an IRA at this place.

What a joke.
Anonymous   |     |   Comment #111
I just checked my snail mail tracking # & found my letter was now in Tampa. So, there is no way that GTE will not receive my DL, Check & Info they requested by 11/16. (or maybe another glitch happens)

Now, the next situation is that we have 3 folks that were informed of a different address in which to mail our stuff. Mine was mailed to 711 E Henderson Ave. (could be a problem) Some I read went to a PO box.

I can log into my savings account with a $5.00 balance. So we'll see what happens tomorrow.
Kaight   |     |   Comment #112
Not too worry. You're good. Let me tell you a story:

I well recall Express mailing a very time sensitive item to a financial institution. Cost approached twenty bucks. Item was addressed to their physical address. So what happened?

Post office casually delivered my Express Mail item instead to the financial institution's PO Box. They ignored the address on the item itself.  The lesson?:

Post office will always deliver to the address requiring the least work on their part. The address you might actually have used is irrelevant. So what's the takeaway?:

It's not a problem depending on time of day mail is sorted at destination post office. If they do not sort your item, and place it into the PO Box, before that PO box is picked up by the credit union, then your item will not be received by GTE until the next day. That is what happened to me with my Express Mail item. It arrived and was sorted the day after I mailed it, but not until after the PO box had already been picked up. BTW, I have never, from that time until the present, used Express Mail "service" again. You want a time critical item delivered next day? Pay extra for and use FedEx or UPS overnight services. Period.


Some financial institutions clean out their PO boxes more than once each day, though most do not.  To learn if a financial institution has additional PO box pickups you must inquire.
Kaight   |     |   Comment #115
For whatever help it might be to others, I today was able successfully to upload two additional documents into my account record. Both are documents I had tried, and failed to be able, to upload just a couple of days ago. In the case of one document today it only went in on my second try.

Based on my personal experience alone, I would describe their upload facility as intermittent in terms of its functionality. But it is an easy, straightforward, process, so making additional tries is not a huge challenge.

As for me, I'm pleased they now have the documentation they require to allow opening of my big money CD. I only wish I had made my extra tries earlier on, a few days ago. My second effort today was just on a whim. I should have remembered: "If at first you don't succeed, try, try again".
anonymous   |     |   Comment #116
I'm out of state. I opened the savings account, but didn't see any option to specify
that I wanted the promo account. My DL was uploaded successfully. I received
an email saying a rep would call me within the next day (no one has). As far as directing
them not to open the account unless the rate is still the promo rate, I don't think they have
an email address. Has anyone seen one?
Out-of-state so Out-of-luck?
Out-of-state so Out-of-luck?   |     |   Comment #118
Open Share Certificate. That transfers to 'Welcome to GTE's Online Application Center". Under 'What would you like to do today" click on "Open an additional Checking/Deposit account". That transfers to a new screen. On that screen, under 'PRODUCT SELECTION' click on (Select) "Certificate Account". You'll then see a menu of both promo and non-promo certificates and associated rates from which you can select. Be sure to only select a promo cert on this list
if you're going to actually apply!

However, if you want to get a jumbo ($100k+) promo cert you must initially phone in to request the jumbo application process. Jumbos aren't available directly in online banking by default, but
according to recent conversation with CSR, they might now appear in the online menu after DL and other documents have been submitted. That total (new?) process is very unclear to me
at this point!

For those applying for jumbos totally via US mail a request could probably be included to specify promo-rate conditional opening. I'm not sure if that's necessary but seems like a good idea to play it safe.
Out-of-state so Out-of-luck?
Out-of-state so Out-of-luck?   |     |   Comment #119
Open Share Certificate". Then follow the rest of instructions in truncated post #118 above.

Also, my membership application experience differs from yours. I was NOT asked for DL upload and no indication was given I'd be contacted by a rep in the future to request anything else.

I spoke with a CSR who claimed DL uploads are only required for out-of-state jumbo CD applicants, but not for primary membership! Did you do membership online first or did you initiate that process by a phoned in jumbo CD request?

Curious at what point you were prompted to upload a DL and how the instructions to do so were provided? Did you need a special external web link or were you able to do it directly within online banking by selecting "Accounts -
Out-of-state so Out-of-luck?
Out-of-state so Out-of-luck?   |     |   Comment #120
Open Share Certificate". Then follow reading beginning at Post #119. Hope this revision makes it through.
Out-of-state so Out-of-luck?
Out-of-state so Out-of-luck?   |     |   Comment #121
Okay, I'm getting desperate! I think a pair of symbols I used in previous posts describing GTE menu pulldown selection is being intercepted by DA web interface causing my posts to be pre-truncated! One more time, here's what post #119 should begin with:

To find the promo certificates, login to GTE online banking and from the top menubar select Accounts --- Open Share Certificate". Then continue with post #119. Yikes! Hope this finally works!!
anonymous   |     |   Comment #122
I wasn't prompted to upload my DL, but I did it to save time. Now, when I log in,
I get immediately transferred to the upload documents page. No option to
open any share certificates!
Out-of-state so Out-of-luck?
Out-of-state so Out-of-luck?   |     |   Comment #125
Ouch! That's frustrating!!
I contemplated doing that too but held off since I was aware there were issues with jumbo CDs and wasn't sure I was proceeding correctly. I did apply for a non-jumbo "insurance" CD, as others have been doing. So on my CHECK APPLICATION STATUS page I now see both primary regular share savings (status "approved") and a secondary 30 Month Promo Add-on Share Certificate (status "pending"). Under the "Actions" column there are "View Documents" icon buttons and if you click on either one, you'll transfer to an "APPLICATION DOCUMENTS" screen that shows any documents you've uploaded, and also includes an "Upload document" underlined link. I assume you originally clicked on "View Documents" for the primary savings account and then clicked on the "Upload document" blue text to upload your DL? And now when you login are you being transferred to that same "APPLICATION DOCUMENTS" page with the "Upload document" blue text? That page also contains two buttons: "check Application Status" and "Home". Also in the upper right hand corner of this page I see "Home" and "Logout" buttons. If you see "Home" buttons try clicking on them and see if that doesn't get you back to the normal login page you're expecting! If that succeeds then from there you should be able to get to the certificate page by following my previous response post instructions.

Also, there might be a chance you're seeing another popup dialog box with a grey colored top border labeled "Upload document" with "Save" and Close" buttons at the bottom. If that's the case, the "Home" button in the uppermost right side of the page will be locked out until you click the "Close" button or dismiss the "Upload Document" popup window by clicking the X at right of grey title bar.

If none if this works, try to post back with a description of what the upload document page looks like to you and perhaps someone can further assist!
Out-of-state so Out-of-luck?
Out-of-state so Out-of-luck?   |     |   Comment #126
Oops, clicking on the home button gets you to the "MY ACCOUNT HOMEPAGE" which shows the screen "Welcom to GTE's Online Application Center". Below it says
"What would you like to do today?" Click on "Open an additional Checking/Deposit account" and you'll see the certificates. However, it doesn't appear you can get to the root login page! Normally you would get to that by backspacing your browser page but things are now out of sync. Not sure if there's a way to get around this or if you'll have to contact someone at GTE online banking to reset. I'll poke around and see if I can come up with an alternative...
deplorable 1
deplorable 1   |     |   Comment #127
Well I went to login this morning to check if the CD was opened yet with the same login I have used multiple times now and it tells me that my login credentials are incorrect! I'm wondering if the website is just down or in maintenance mode. Anyone else having problems logging in?
deplorable 1
deplorable 1   |     |   Comment #128
I had to change my username and password I was somehow locked out of the system. The CD is still not funded nor did the transaction show up on my credit card yet. I do see the $5 for the share account listed as pending though. I hope this deal lasts long enough for everything to clear.
Kaight   |     |   Comment #129
Read your post and tried to log in. No problems. Was into my account instantaneously.
Kaight   |     |   Comment #130
A nice outcome to report this AM. The $5,000 deposit, where I used my CC last week, finally settled into my charge account last overnight (Sunday night into early Monday morning). The charge is clearly showing as a purchase, not as a cash advance. Life is good.
deplorable 1
deplorable 1   |     |   Comment #131
@Kaight: Thanks! That is indeed good news. The CSR told me that additional funds can't be added with a credit card just the opening deposit. This seems to be the norm for credit card funding at all financial institutions that support it. What is your understanding about additional deposits to the CD? I was told to do a online transfer to the regular share account and then to the CD. If you look at the FAQ's though it clearly states:
What does it mean that the money has to come from another financial institution?
With this promotion, to earn the APY special, once you open your new Promotional Share Certificate at GTE, simply make a deposit into your new Promotional Share Certificate from another financial institution to qualify! Money that is already at GTE Financial in another deposit account, for example, a GTE Checking or Savings, will not earn the higher Yield.
Then we have:
How do I make a deposit into my Share Certificate?
Once your account is opened, please remember to first move money over to a GTE deposit account from another financial institution for ongoing deposits. This can be done with a withdrawal then a check or cash deposit into a GTE Account at an ATM, GTE location or using the GTE Mobile App with Deposit2GO. You can also set-up an external transfer in Online Banking. Then, complete a simple transfer in Online Banking from a deposit account like a GTE Checking or Savings Account into the Promotional Share Certificate to earn even more. The higher APY is only available for new money brought in from a different bank.
Then to make it even more confusing this:
How do I move money from another financial institution?
First, open your Promotional Share Certificate. You can also open a Promotional Share Certificate at a GTE location. At the time you open the Promotional Share Certificate, you will be able to choose how you fund the account. You will need a minimum deposit of $500 to open a Promotional Share Certificate. You can choose between a Credit or Debit Card (just make sure it’s not a GTE card) or transfer funds from another financial institution by providing the account number and routing number as well as the bank name and state. [You will not want to fund using the ‘Transfer from a GTE Federal Credit Union Account’ option.] In order to earn the APY special, the money will need to come from a different financial institution. The highest amount you can fund online is $5,000. If you’d like to deposit more, simply visit a GTE location!
Is it just me or do these statements conflict with each other? Specifically this line [You will not want to fund using the ‘Transfer from a GTE Federal Credit Union Account’ option.] Isn't this the only way to add money to the CD?
Kaight   |     |   Comment #132
Gosh that's a lot of stuff you have copied and pasted there. I really did not read most of it. Look, here is what you need to know:

While it is true you cannot use a CC to add to a CD, you are allowed to use a CC to fund new CDs.  ;-)

Also, relax regarding all your "new funds" concerns. GTE will know if they are new funds. Basically, if the funds have shown up recently, they are "new funds". Disallowed, for example, would be breaking of an existing GTE CD with the intent of re-using those same funds to open a promotional CD. You would not be allowed to get away with that because the funds would not be new.
Anonymous   |     |   Comment #133
I just spoke with GTE chat line. I was checking on my Certified Mail tracking #, which shows it has arrived in Tampa & in transit. The Chatter said it hasn't arrived & to check back tomorrow. She asked about the size of the check I mailed $100K. Of course I will not wait until tomorrow, but I'll try again later today. Also she said it may take a couple days for the mail to be opened. BAD NEWS!
Kaight   |     |   Comment #134
Wow, that surprises me. I would not have guessed. However, your mailing having been received today will doubtlessly guarantee your getting the deal. Might be worth asking them to back date everything once they finally open your mailing. Nothing to lose, worst that can happen is they say "no".
Anonymously   |     |   Comment #135
Open account online on Oct 13 anOpen account online on Oct 13 and received welcoming call on Oct 16. Information obtained
Jumbo Certificate Info
1. Can be opened only with CST
2. Trust Accounts permitted
3. Process….deposit funds into GTE saving Account….GTE CSR will open Jumbo and transfer funds from savings to certificate and will be considered new mones
4. Deposit into GTE Savings Account can be made via ACH push, pull, wire and through shared branching. If Shared branching is used GTE charges $3 fee/day which is being waived for this promotion
5. No limit to adding funds after certificate is opened. Mature date term of certificate is extended from the date of the last deposit
6. Routing number is 263182794
7. Any funding by CC is coded as a point of sale by GTE but some customers have reported CC company coded it as cash advance
FWIW funding via Ally was painless....with next day deposit.

I was told for non jumbo certificates the total max add on is limited to $6000...not per add on but total. Don't know if this is true tho.....maybe some can confirm
Anonymous   |     |   Comment #137
You say, Mature date term of CD is extended from the date of the last deposit. I don't think this is correct. When you open the CD, the term is stated at that time & I don't think you can change the date.
anonymous   |     |   Comment #142
You are correct.....the CSR provided incorrect information on two counts. Added deposits do not extend the maturity date and (2) the 6K max add on limit does not apply to promotional certificates.
anonymous   |     |   Comment #138
did anyone successfully join gte & open a Non-promo cd without any cust rep help? that is, do it completely online? if so, how did you do it (in what sequence/order)?
for instance, did you join online first, sign up for online banking, & then open cd (after getting member#)? OR did you join & open cd at the same time?
did you pay to Join using a credit card or ach or coop? did you pay for CD using a credit card, ach, coop? did the initial cd money go directly to the cd, or did it go to savings acct first & then to cd?
when did you get your member & savings acct numbers?
per comment #135, hope this isn't true/changeable end-date?: Mature date term of certificate is extended from the date of the last deposit?
anonymous   |     |   Comment #139
meant to say, did anyone successfully join get & open a Non-Jumbo cd
Kaight   |     |   Comment #141
Well, that was easy! First and foremost, thanks to Ken.

Second, for information and by way of explanation, I have no practical access where I live to shared branching. Nevertheless:

My jumbo was opened effortlessly and quickly. GTE did a really good job . . . it was fasssssst!

OK, I spent the twenty bucks and wired the funds. The $20 went to AgFed, not to GTE. Best twenty I ever spent. Cash money talks. Loudly! Simply could not be more pleased.

Still have two other, far smaller, unopened GTE accounts "waiting in the wings".  They show as "pending".  Betting GTE is swamped with small money accounts. Am sure they will get to me when it is my turn. But the big fat hippo account is open and running and earning interest so I'm a happy camper.  Even got a great midweek day of maturity!  Life is good.


OK, so you say it's not 3% or more.  Well, it's not five years either!  This is a splendid deal.  And it's even an add-on for goodness sake.  Where else you gonna find this deal!?


For whatever help it might be to others, I have done virtually everything using GTE's online chat feature.  It is very, very good . . . at least IMHO.  I don't think I telephoned them a single time, though they did call me once.  I had a great many issues and questions, but the people manning GTE chat were available virtually without delay and had answers to everything.  GTE must put their best people on their chat response team . . . . or so it seemed to me, anyway.  The chat function is available daily until 6:00 pm ET.
Sylvia   |     |   Comment #143
Kaight (#141), where are your "pending" accounts appearing? I applied for membership & some CDs last Thursday online, specifying external account & routing #s for funding by ACH. I see no record of those CDs anywhere. Since the funding of my savings account from the same source and method occurred today, I followed up by phone and live chat, only to be told that it could take a few days.
Kaight   |     |   Comment #144
OK, Sylvia, let me see if I can help:

First, log into your account.

Next, mouse over "Accounts", see the drop down menu, and click on "Open Share Certificate"

After the page loads, see where is says "Track the status of my deposit account application" and click that link

The page which comes up contains everything a human being needs to know about their GTE accounts status, both for accounts already opened, which are labelled as "approved", and also for accounts applied for but not yet open . . . . which display as "pending"

Hope this helps
Sylvia   |     |   Comment #145
Kaight (#144), got it, thanks! They do appear as pending.
Kaight   |     |   Comment #147
You are welcome. Always happy to be of service.
Appster   |     |   Comment #148
Did you upload your DL online? I also originally had it pending but I called GTE and told them that I uploaded my DL, the did something on their end, gave me my account numbers and walked me thru logging in to my actual acct. I was able to see all account numbers online.
Sylvia   |     |   Comment #154
No, I've not been told that DL's required for non-jumbos generally or my account specifically. Welcome call came today while I was away. No mention of DL in message either, just an invitation to call back w/questions, although rep left me an invalid extension to do so.
Appster   |     |   Comment #146
Opened regular share acct ($5) and and 30 month promo add-on certificate ($500) on Thursday. Did this as insurance in case I wouldn't be able to open jumbo promo cd. Uploaded DL online. Called GTE Friday, they verified uploaded documents and walked me thru setting up login to my acct. After login I was able to see Members acct, regular share acct and 30 month promo add-on certificate, all with zero balances. This morning balances appeared: $5 in regular share acct and $500 in certificate. Initiated wire transfer from my bank for 100k to GTE regular share acct, money were withdrawn from my bank acct around 1:30 pm. Around 3:45 pm logged in to GTE and wired money were already in my regular share acct. Started online chat and they converted existing 30 month promo add-on non jumbo cd to 30 month promo add-on jumbo cd after adding amount needed for jumbo cd (they told me on Friday that they can do it). My bank charged $20 for wire transfer and GTE charged $10 for incoming wire. Similar experience to what Kaight described. Fast and easy and money earning interest already vs sending check, waiting for it to clear and go to acct. Originally planned to make a deposit thru Co-op branch but had a feeling it will take several days for money to get to my acct. Another concern was how long they will run this promo.
Kaight   |     |   Comment #149
You did a great job, Appster. Congrats! Only one tiny thing for you, and it is good news:

GTE, during this promo deal, has waived their customary $10 incoming wire fee. Yes, I realize you were charged the fee. I was, too. I'm not jumping up and down. Plan is to offer them a day or two to refund the fee on their own. If the refund does not materialize I will contact them through chat and request a $10 refund, which I'm sure will happen quickly.
Appster   |     |   Comment #156
They waived membership fee, but I didn't see anywhere that they will waive $10 incoming wire fee. I will try same thing.
anonymous   |     |   Comment #150
Are you (and others) who write about logging in to your account referring to the "log in to track your application" process (

OR to the "Login to Online Banking" (

Thank you.
Kaight   |     |   Comment #151
When I answered Sylvia, above, I was referring to logging in to online banking.


Gosh, that big, long, link you tried to post blew up Ken's entire page! 
anonymous   |     |   Comment #152
I'm having a problem copying & pasting the link for the "log in to track application" page. Apologies (and ignore the URL for that page in comment #150). The URL for "Login to Online Banking" in comment #150 is correct.
Appster   |     |   Comment #153
"Log in to online banking" which is different than "Log in to track your application". It required separate set up.
Sylvia   |     |   Comment #155
You can track status of new account apps through online banking.
anonymous   |     |   Comment #158
Thanks to all for your speedy responses.
Kaight   |     |   Comment #157
Posting this as random information which might be of interest to some individuals:

You may open multiple GTE promo CD accounts. You may even open multiple GTE promo CD accounts having the same term! I will say no more, at least not yet, so please do not inquire.

A word to the wise is sufficient. ;-)
Anonymous   |     |   Comment #161
Kaight, I knew if anyone would have success gaining these Promo CD's, it would be you.

If I had it to do over I would have wired the funds to GTE. But, I ACH'd the funds into Alliant Checking & mailed the $100K check, DL & other form to GTE. You won't believe that my letter shows still in transit. So, my best bet will be talk to Chat tomorrow because I see they are gone for the day.

I have been away from my house all day & I expected to get in the house & find my funds deposited, but "didn't happen".
Kaight   |     |   Comment #167
I'm very sorry to learn you are experiencing this problem, which I take to be a USPS problem. While I know USPS difficulties can crop up even with tracked items, such problems are rare in my experience. In my opinion you made no mistakes. But you might have had some bad fortune.

Can you copy and paste here the last few entries in your tracking data? It might give me a better clue as to what is going on. Even without that I can offer a small insight:

It does not happen often. But when the USPS miss sorts a tracked item, most often, tracking data appears to freeze. Time passes but you see nothing new. Said another way, the USPS is not at all eager to make their errors known. Case in point:

I live a great distance from CA. I sent a relative there a Xmas gift in form of a tracked first class package the size of a thick letter. Item reached infamous SoCal Bell Gardens sort center ("where letters go to die") after several days. Bell Gardens is nearby to my relative's home, but . . . . . item never reached destination post office and tracking went silent for three or four days. Thereafter I got a scan in Maryland!!!!!!!!!!!!!!!!!!!!!!!!!! Item had been miss sorted in Bell Gardens center, routing it to MD.  MD PO turned it around and back to Bell Gardens after several more days and after Xmas. I think the final delivery was after New Year's Day.

I hope you do better than that. There is probably a large sort facility serving the Tampa region. You need a good sort there to route your deposit to the local post office serving GTE.  You can oftentimes know by the zip.  Hope you get that good final sort.  I have never had a USPS item go awry once it reaches the correct local post office.

USPS war story

Postal automation is fun!  I did a CD deal some years back that required deposit be posted by a certain date.  I needed more time to get funds together to cover my check.  But I had to mail check by the date required by terms of the deal.  I researched the postal bar code I knew automation would use to route my letter.  Then used whiteout to modify that code, being careful to get the check digits correct, purposefully mis-routing my letter to FLORIDA!!  As I knew they would, PO in FL re-routed my letter back north to financial institution.  But the error I purposefully injected by changing the bar code delayed delivery several days.  Ended up with mailing date postmark within terms of the CD deal, but also with delayed delivery I needed to have funds available to cover the enclosed check for my CD.  It all worked out.  Today, though, postal automation is even more sophisticated.  I'm not sure that ruse would work now, but it was fun at the time and I netted a good CD.
Anonymous   |     |   Comment #173
I checked my USPS tracking again this morning. It says, there has been a delay in transit. Yesterday it said, package would arrive 10/16, 9am-8pm. It now says arrival 10/17, 9am-8pm. Another USPS story to add to disaster stories.

I began this episode to gain the 30-month Promo 2.78% CD, the first day we saw it advertised on Ken's site. Others are setting back with the money logged into their accounts.

I offer congratulations!! Someone said the offer might last this week, but will I make it?
deplorable 1
deplorable 1   |     |   Comment #162
Got it and a great idea too particularly with cc funding! ;)
anonymous   |     |   Comment #159
A rep told me today that the jumbo share certificate rate of 2.78% is guaranteed for seven
calendar days once you open an account.
DCGuy   |     |   Comment #160
Wow! 158 comments for a 2.78% 30 month CD rate. I remember when I got a 11.5% 30 month CD rate over 30 years ago. I wonder how many comments that would have garnered? Back then, probably little because money market rates were around 10%.
Sylvia   |     |   Comment #163
DCGuy (#160), the majority of comments are on executional details — how to do what, when. GTE has not exactly been stellar and proactive in its communications. Seeing as Ken has found promos for them only in 2017, 2012, 2007 and 2006, with prior ones generating few if any comments, I’m chalking comment volume here up to GTE inexperience in handling high-impact promos. Thankfully, we have DA readers like Kaight who have generously stepped in to fill the void. DA community rules!
Kaight   |     |   Comment #168
I well remember buying tax free "trip trip" (rated AAA by both services) insured muni bonds paying 10+%. Gosh were they sweet, even many years later after interest rates has descended significantly and my bonds were still paying that high rate tax free.

Of course that was then, this is now.  :-(
WhoKnows   |     |   Comment #170
When I tell people (retirees) I have 3.3% CD's they look stunned. To a person not one has any idea how to search for and find "better rates". The savings population has been fully conditioned by the FED to accept low rates. The imbalance between the savings market, wall street and fiat money is a harbinger for disaster. Unfortunately, savers will most assuredly be on the short end.
Att   |     |   Comment #171
Hurts as my 5% muni bonds are being called. I still have one muni that is paying 5.75% that will most likely be called in 2019 which is the first call date.

Bonds are no longer paying a dollar above par when called.
alan1   |     |   Comment #164
I've been following this thread, and have been surprised that no one (as best I remember) has expressed interest in the short-term CDs (especially the 6-month CD), if you use a credit card that gives rewards and treats the transaction as a purchase. The rate on the 6-month CD is 1.30%; so you'll get a semi-annual return of 0.65% (taxable). If you use a credit card with a 2% cash back reward, you get an additional 2% upfront (non-taxable). That's a 2.65% return over a 6-month period (and that's assuming that your credit card reward sits in a non-interest bearing account). That's an annualized yield of at least 5.30%, most of which is tax free. And, if you also get a 30-month CD, then at the end of the 6 months, you might be able to dump the proceeds from the 6-month CD into the 30-month add-on. If GTE won't allow that, you might be able to add money to the 30-month CD from an external account; then pull the proceeds from the 6-month CD when it matures. Or pull at maturity, and subsequently add to the 30-month CD from an external account.

Am I missing something?
xyz   |     |   Comment #165
set it and forget it ?
alan1   |     |   Comment #166
xyz (#165) -- I'm not clear on what you mean. If you mean, open the CD and forget about it until maturity (and you may not mean that), I don't think that's a good approach for an add-on CD. It may be a fine approach for a regular CD (for example, not everybody is looking for CDs with low early withdrawal penalties; buy and hold is a lot simpler). But for an add-on? I don't get it. But I may just have misunderstood your comment.
xyz   |     |   Comment #169
I just meant that your play may be too much tracking, planning, ect. for some to game an interest rate. Though your suggestion is best bang for the buck.
alan1   |     |   Comment #172
There've been lots of comments re the process of joining the credit union and opening/funding the accounts. Does anyone know anything about getting funds out of GTE when a CD matures? With most credit unions I've dealt with, it's easy to have the funds go into the savings account and then push or pull the money to an external account. But there are exceptions.
GTE Financial Ups Nationally Available Long-Term CDs
Deal Summary: Member Advantage Share Certificates – 36-month (2.02% APY), 48-month (2.27% APY), 60-month (2.58% APY), $500 minimum deposit.

Availability: Easy membership requirement by joining CU Savers ($10 one-time membership fee); residents of certain Tampa Zip Codes; SEGs.

Florida-based GTE Financial has raised the rates on its long-term Member Advantage Share Certificates: 36-month (2.02% APY), 48-month (2.27% APY), 60-month (2.58% APY). Rates are 25 bps lower without Member Advantage. The minimum deposit is $500, with no stated balance cap.

The Share Certificates are also available as IRAs (Traditional,...

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$100 Checking Account Bonus at GTE Financial - Easy Membership

GTE Financial Credit Union is offering a $100 bonus for opening its free checking account with direct deposit. The offer is scheduled to last until January 31, 2013. Promotion details are listed in this GTE Financial page as of 12/3/2012.

If you can manage the direct deposit requirement, this appears to be an easy bonus. The instructions do specify payroll direct deposit. Below is a copy of the offer's small print:

GTE Financial's Free Checking qualifies for this offer. This has no minimum balance requirements and no monthly service fees. GTE Financial...

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5.64% 12-Month CD at GTE Federal Credit Union - Easy Membership
GTE Federal Credit Union has just started offering a 5.64% APY 12-month share and IRA certificate. The minimum deposit is $500. This rate applies to partner members who have combined loan & share balances of $15,000 or more or have a Partner checking account. Note, Partner checking has a $10 monthly fee if you don't maintain the $15K balance. This Partner relationship is not necessary for Jumbo certificates. The Jumbo minimum deposit is $100K.

This 5.64% yield is also available in their Add-On Dollar Certificate which allows you to add on...

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5.38% 12-Month CD at a CU Open to All
GTE Federal Credit Union has a special share certificate of 5.38% APY for 12 months. The minimum deposit is $500. There's also a special 5.12% 6-month CD with a $500 minimum. This 6-month CD requires Partner Checking, direct deposit and either a credit card, debit card or Bill Pay.

The credit union's field of membership includes members of a non-profit educational financial club called CUSavers. Anyone can join CUSavers for a one-time non-refundable ten dollar membership fee.

The credit union has branches through out Florida including the cities of Port Charlotte, Ocala,...

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