Term Share CertificatesTerm Share Certificates
Term Share Certificates (CD) Features
Open a Term Share Certificate (CD) online and gain access to all these great features:
Terms available from 3 months to 5 years
Minimum opening deposit of $100
Make additional deposits at any time
Earn 1/2% more on your Term Share Certificates APY** by being a Premium Deposit Account holder
Open your CD online in just a few minutes
College SaverCollege Saver
Here Every Step of the Way
We’re here to help build your child or grandchild’s future. We understand that it’s not easy to start saving for college, and sometimes it’s hard to take that first step. That’s why we’ve created the College Saver Certificate, which can be opened for $25.
Here‘s how it works:
$25 minimum required opening deposit.
$25 minimum balance to earn dividends.
Unlimited number of deposits in amounts greater than $25.
Your College Saver Certificate renews automatically every 12 months until the member reaches 18 years of age.
Must have a parent/legal guardian joint owner.
Emergency Savings Emergency Savings Certificate
Emergency Savings CD Features
Unexpected expenses can happen at any time, and our Emergency Savings Certificate makes it easier to be prepared. Get started with just $25, grow your savings with unlimited deposits, and earn dividends with only a $25 minimum balance. Your certificate renews automatically every 12 months, and you can make one penalty-free withdrawal each calendar year for added flexibility.
Rates and Details:
Dividend Rate: 3.35% and APY: 3.39%*
$25 minimum required opening deposit.
$25 minimum balance to earn dividends.
Unlimited number of deposits
Automatically renews every 12 months
One penalty-free withdrawal per calendar year
Premium Deposit Accounts
The Premium Deposit Account is designed to reward members who use several credit union services by adding one-half percent to the annual percentage yield of any new Term Share Account opened, excluding the Emergency Savings Term Share Account.
Members who use three of the following Gulf Coast Educators FCU services will qualify for a 1/2% bonus of the Premium Deposit Account on their CDs:
Checking account
Direct deposit
Loans
Visa® Debit Card
Build Your Savings
Grow your savings even more by adding money to your CD each month. Calculate how much you could earn just by making a few more deposits each month.
Term Share Certificate (CD) Rates
| TERM | DIVIDEND RATE | APY** | PDA DIVIDEND RATE | PDA APY** |
|---|---|---|---|---|
| 90 day | 2.25% | 2.27% | 2.75% | 2.78% |
| 6 month | 3.25% | 3.29% | 3.75% | 3.80% |
| College Saver | 3.35% | 3.39% | 3.85% | 3.91% |
| 12 month | 3.35% | 3.39% | 3.85% | 3.91% |
| 18 month | 3.25% | 3.29% | 3.75% | 3.80% |
| 2 year | 3.00% | 3.03% | 3.50% | 3.55% |
| 3 year | 2.75% | 2.78% | 3.25% | 3.29% |
| 4 year | 2.50% | 2.52% | 3.00% | 3.03% |
| 5 year | 2.50% | 2.52% | 3.00% | 3.03% |
Jumbo Term Share Certificate (CD) Rates
Jumbo Term Share CD Rates are offered for CDs with a balance greater than $100,000.
| TERM | DIVIDEND RATE | APY** |
|---|---|---|
| 90 day | 2.85% | 2.88% |
| 6 month | 3.85% | 3.91% |
| 12 month | 3.95% | 4.01% |
| 18 month | 3.85% | 3.91% |
| 2 year | 3.60% | 3.65% |
Additional Details
| DIVIDEND & WITHDRAWAL INFORMATION | AMOUNTS |
|---|---|
| Minimum Opening Deposit | $100 |
| Minimum to Earn Dividends | $100 |
| Dividends Compounded | Quarterly |
| Dividends Credited | Quarterly |
| Dividends Period | Quarterly |
| Additional Deposits | Allowed |
| Withdrawals | Not Allowed |
FAQs
How can I open a Term Share Certificate (CD)?
You can open your CD online by clicking here or by visiting any GCEFCU location.
Is there a penalty if I close my CD or make a withdraw early?
For Term Share Certificate, Premium Term Share Certificate, and Jumbo Term Share Certificate accounts, the amount of the early withdrawal penalty is based on the term of your account. The penalty schedule is as follows:
Terms of 90 days to 12 months 30 days’ dividends
Terms of greater than 12 months 90 days’ dividends
The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal.
For more information, view our Truth-In-Savings Disclosure.
Will my CD automatically renew at maturity?
When you open your CD, you can choose whether to have your CD automatically renew for the same term, or have the balance plus accrued dividends deposited into your primary savings account upon maturity.
If I have a College Saver CD, what happens when I turn 18?
When your 12-month College Saver Term Share Certificate matures after your 18th birthday, the certificate will convert to a regular 12-month Term Share Certificate, or if the balance is less than $1,000, the balance will be deposited to a Share Account. The new account will be subject to all terms and conditions of the applicable Share or regular Term Share Accounts.
Disclosures+ Show All | - Hide All
**APY = Annual Percentage Yield
College Saver Certificate: When your 12-month College Saver Term Share Certificate matures after your 18th birthday, the certificate will convert to a regular 12-month Term Share Certificate, or if the balance is less than $100, the balance will be deposited to a Share Account. The new account will be subject to all terms and conditions of the applicable Share or regular Term Share Accounts. Deposits to the 12-month College Saver Term Share Certificate can be made at any time in the amount of $25 or more. Deposits will not affect the maturity date and dividend rate. Penalties are the same as a regular Term Share Account.
Emergency Savings Certificate: When your 12 month Emergency Savings Term Share Certificate reaches the end of its term, it may be renewed as described in Section 9 of the Truth in Savings. The certificate has a fixed rate, with dividends compounded and credited quarterly. The dividend period corresponds to the account’s term. The renewed certificate will be subject to all terms and conditions of the Emergency Savings Certificate. Deposits of $25 or more can be made at any time during the term. Deposits will not affect the maturity date or the dividend rate. Withdrawals are allowed as outlined in the Transaction Limitations section, and penalties follow the same rules as a regular Term Share Account.