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If your money is growing slower than you’d like it to, then our Bump CDs are your solution! Bump CDs offer a flexible way to maximize your savings. If rates increase, you can “bump up” your certificate to the current rate once per term.
For a limited time, members like you can choose from two Bump CDs that earn market-leading interest:
12-month CD with a 0.90% APY*
24-month CD with a 1.15% APY*
IRAs and Business CDs are eligible for these promotional rates, too. Whether you’re saving for retirement, starting or expanding your business, or planning that next big vacation—these CDs will help you reach your goals quicker!
*APY = Annual Percentage Yield. A $50,000 minimum balance is required to earn the stated APY. Early withdrawal limitations and/or penalties may apply and may reduce earnings. Please visit gesa.com for more information on applicable fees and terms. Bump Certificate rate is for a limited time only and could end at any time. Stated rate accurate as of August 1, 2023 and is subject to change. The Certificate owner must contact Gesa Credit Union to request the one-time rate increase on Bump Certificate accounts. The rate on the Bump Certificate will be changed on the following business day of the date Gesa Credit Union receives the request. The bump option can only be exercised once during the term of the Certificate and does not extend the term of the certificate. The new interest rate will not be applied retroactively. The new interest rate will be the interest rate we are then offering on regular certificates (non-bump rate certificates) that have the same term and minimum balance. Bump Certificates are only available for consumer, business, and IRA Certificates.
12-month CD
24-month CD
A bump certificate is a specialized certificate of deposit (CD) that combines the fixed-term structure of a certificate account with the added feature of allowing members a one-time interest rate increase during the term, providing a great flexibility option for those looking to get the most out of their savings.
Gesa Credit Union certificate accounts, including bump certificates, offer various interest rates and terms, with the bump certificate allowing a rate “bump” if market rates rise.
The Bump CD APY refers to the Annual Percentage Yield associated with a Bump Certificate of Deposit, representing the effective annual rate of return considering the compounding of interest.
The bump certificate’s interest rates are slightly different from regular Certificate Accounts. For example, a 12-month bump certificate might offer an APY of 3.20% for a minimum balance of $500.
With the Gesa Credit Union bump certificate, account holders can request a single rate adjustment should interest rates increase, enabling them to benefit from better rates without the need to open a new certificate.
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