GTE Federal Credit Union CD Rates

GTE Federal Credit Union believes in providing financial assistance in every possible manner. It not only limits itself to the saving accounts and loan grants. It has expanded its service arena to providing advice, information and the facility for purchasing Automobiles, Insurance Services, and Business Services etc. It has established an information rich site having good functionality. Now its members can access their accounts online in the privacy of their homes. Moreover, they can pay their bills, plan their financial future or access their e-statements by visiting their website.

Its history began in 1934 when Federal Credit Union was signed into a law. In its first year it had 163 members with $1,435.66 in assets. Successively, in 2002 it achieved a milestone of $1 billion in assets. Presently it has become the 37th largest credit union in the country with 209,000 members, 37 branches, and over $2.1 billion in assets. It enables its members to plan and achieve their short term and long term financial goals. By making some savings and investments they are able to increase their financial worth and status. You might consider Share and IRA Certificates which have good dividend rates which are discussed below:

# Share/IRA Certificates:
Under Share and IRA certificates you need to deposit your money for a per-determined length of time.
– With a minimum balance of $500 deposited for a period of 6 months gives you a dividend rate of 4.60% with 4.70% APY.
– With a minimum balance of $500 deposited for a period of 60 months gives you a dividend rate of 4.60% with 4.70% APY.
*Penalties are applied for early withdrawal.

# Jumbo Certificates:
You can earn extraordinary rates on Jumbo Certificates with an opening balance of $100,000 or more.
– with a balance of $500 deposited for a period of 6 months gives you a dividend rate of 4.75% with $4.86% APY.
– With an opening balance of $500 deposited for a period of 60 months gives you a dividend rate of 4.75% with $.86% APY.

# Bonus Rate Renewable Certificates:
At maturity of this certificate you may add up to $10,000 to your certificate and it will also receive renewal rate.
– With a balance of $500 deposited for 36 months you get a dividend rate of 4.60% with 4.70% of APY and renewal dividend rate of 4.65% with 4.75% APY.
– With a balance of $500 deposited for 60 months you get a dividend rate of 4.60% with 4.70% of APY and renewal dividend rate of 4.75% with 4.86% APY.
*Your dividends are even higher with Partner and Jumbo rates.

# Add-On Dollars Certificates:
If you want to increase your certificate’s earning power then you can consider the add-on option. You can extend your certificate’s amount with as little as $100 during the term of the certificate.
– A minimum balance of $500 deposited for 12 months can earn a dividend rate of 4.60% with 4.70% APY.
*Your dividends are even higher with Partner and Jumbo rates.

# Bump Out Certificates:
This 21 month certificate gives you the flexibility of converting it to a 24-month or longer term. Additionally you can also add any dollar amount to the original amount while exercising the option of bump-out. You can earn with full flexibility.
– A minimum balance of $500 deposited for 21 months can earn a dividend rate of 4.60% with 4.70% APY.
*Your dividends are even higher with Partner and Jumbo rates.

# Step Up Certificates:
This certificate gives a special advantage of jumping to the higher dividend rate as the rates increase in the market. You can avail this facility after completing initial 6 months of your certificate.
– With $500 minimum balance deposited for a period of 30 months you get a dividend rate of 4.50% with 4.59% APY.

# KidsCount! Certificates:
Young investors and their parents can opt for this certificate. When the member reaches an age of 19 years and the certificate matures, it will automatically rollover to a regular Ass-On Dollars Certificate.
– A minimum $100 deposited for a period of 12 months gets you a dividend rate of 4.60% with 4.70% APY.

# Online Certificates:
You can open share certificates online through CU@Home.
– A minimum of $500 deposited for a period of 6 months gives you an dividend rate of 4.60% with 4.70% APY.
– A minimum of $500 deposited for a period of 60 months gives you an dividend rate of 4.60% with 4.70% APY.
*Your dividends are even higher with Partner and Jumbo rates.

*All the above rates are noted as on 17th January, 2008. Your savings are federally insured by US Government Agency, NCUA.

To start saving with these certificates you can check your eligibility and apply for its membership now!