Gesa Credit Union has competitive rates on its special certificates. The two best deals are the 14-month CD which has a 1.14% APY and a 30-month CD which has a 1.64% APY. There’s also a 5-year CD with a 2.14% APY and a 7-year CD with a 2.34% APY. These rates are listed in the credit union’s savings page as of 3/19/2014. Minimum deposit for consumer certificates is $500, and the minimum for IRA certificates is $2,500. One downside is a maximum deposit. For the 14-month CD, the maximum deposit is $25,000. For the 30-month and 5-year CDs, the maximum is $50,000. Maximum deposits apply to each term per member for these three CDs.
|2.20*%||$5k||-||Gesa Credit Union||7 Year Certificate|
|2.00*%||$5k||-||Gesa Credit Union||60 Month Certificate|
|1.00*%||$5k||-||Gesa Credit Union||30 Month Certificate|
The early withdrawal penalty for CDs with terms of 2 years and under is 90 days of interest on the amount withdrawn. The penalty for CDs with terms from over 2 years to under 7 years is 180 days of interest on the amount withdrawn. The penalty for the 7-year CD is 365 days of interest on the amount withdrawn. Please refer to the credit union's Truth-in-Savings disclosure for the full details.
Gesa Credit Union also has a reward checking account called Colossal Checking. I first reported on this account in 2008 when the yield was 6.01%. The top yield is now 1.30% APY for balances up to $10,000 (as of 3/19/2014).
Gesa Credit Union membership is open to all who live, work, worship or attend school in the State of Washington, or are a close relative of someone who qualifies as a member. Please refer to the credit union's membership page for more details and for a link to a membership application form. The form can be mailed or faxed. Membership requires a minimum balance of $5 in the savings account.
Gesa Credit Union branches are located in the Washington cities of Richland, Kennewick, Pasco, Walla Walla and Wenatchee.
The credit union has an overall health grade at DepositAccounts.com of an A with a Texas ratio of 5.79% (excellent) based on December 2013 data. Please refer to our financial overview of Gesa Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 68278).
How These CD Rates Compare
The highest 12-month CD rate that’s nationally available is 1.10% APY at Melrose Credit Union and at Connexus Credit Union (checking relationship required). There’s also a 13-month CD with a 1.10% APY and a 15-month CD with a 1.15% APY. These are special CDs at GE Capital Retail Bank.
The highest 36-month CD that’s nationally available is 1.75% APY at Connexus Credit Union. This requires a checking account relationship. The highest rate without a checking relationship is 1.61% APY at Melrose Credit Union.
The highest 5-year CD rate that’s nationally available is 2.53% APY at Garden Savings Federal Credit Union, and the highest 7-year CD rate is 2.73% APY at Franklin Federal Savings Bank.
These rates are accurate as of 3/19/2014.
Searching for the Best CD Rates
To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.