Cincinnati Banking Rates

CD Interest Rates Deal of the Day: General Electric Credit Union at 1.23% APY

General Electric Credit Union seeks to ensure its members always have access the most competitive savings rates available. With industry rates at lows not seen in years, many financial institutions are following suit, making General Electric a unique asset to its members.

Currently, the financial institution is offering a 2-year CD account with a 1.23% APY. It’s not easy to find CD interest rates this competitive making the deal one savers should not miss.

CD Interest Rates Terms and Conditions

The CD interest rates from General Electric Credit Union can be obtained with a minimum opening balance of just $500. Once the account is opened, the rate will remain the same throughout the term of the certificate. The CD will automatically renew at maturity at the prevailing rate, unless the depositor chooses to withdraw their funds instead. However, there may be a penalty for withdrawing funds prior to the maturity date.

About General Electric Credit Union

General Electric Credit Union was chartered in 1954 for employees of the General Electric Aircraft Engines. Since opening its doors, the establishment has grown into one of the largest credit unions in the State of Ohio.

Currently, individuals who live, work, worship, or attend school in and around Hamilton, Butler, Warren, Montgomery, Clermont, Adams, Brown, Clinton and other Ohio counties are eligible for membership.

In addition to deposit accounts, General Electric Credit Union offers consumer and mortgage loans, credit cards, debt-management and tax assistance. Depositors with the credit union can always feel secure thanks to NCUA backing that provides accounts with up to $250,000 in federal insurance.

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.