2-year CD Rate Deal of the Day: GE Credit Union at 1.23% APY
Bank depositors interested in seeing their money grow quickly without the risk of loss may be interested in a long-term CD rate from GE Credit Union. Currently, the credit union is providing its members the opportunity to earn its competitive 1.23% APY. This 2-year CD rate is one that current and future members of the credit union don’t want to pass up.
2-Year CD Rate: Terms and Conditions
With most bank depositors accustomed to placing their money in traditional savings accounts, it’s easy to overlook the benefits of a certificate of deposit. A couple of benefits offered by GE Credit Union include a low minimum deposit of $500 to open and a higher 2-year CD rate than what’s being offered from the bank’s shorter CD account options.
As with most financial institutions, the certificate account may be penalized if funds are withdrawn early. Also, at the end of the term, the CD may be automatically renewed.
About GE Credit Union
GE Credit Union was chartered in 1954 for employees of General Electric Aircraft Engines. Since opening its doors, the credit union has expanded its membership to include individuals who live, work, worship or attend school in and around a number of Ohio counties, including Hamilton, Butler, Montgomery, Adams, Brown and Fayette.
In addition to certificates of deposit, the credit union offers other lending options and financial assistance (tax and debt help). Also, GE Credit Union is backed by the NCUA, which means all deposits are federally insured for up to $250,000.
Other Terms and Conditions may apply. Additionally, interest rates are based on the institution’s online published rates and may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.