bank rates

5-Year CD Pays 2.5% At GE Credit Union

Large percentage signThe top nationally available 60-month CD rate has been difficult for credit unions and community banks to beat.

But Cincinnati-based General Electric Credit Union easily does – and by a full fifth of a percentage point.

It pays 2.50% APY with a $500 minimum deposit.

How other local 5-year CDs rate

Institution APY Location
Montauk Credit Union 2.50% New York
Select Federal Credit Union 2.50% Texas
Advancial Federal Credit Union 2.47% Alaska, Louisiana, New Jersey, Oklahoma, Texas
TruMark Financial Credit Union 2.35% Pennsylvania

General Electric Credit Union also has a decent 12-month jumbo CD, which pays 1.50% APY with a $100,000 minimum deposit. That beats the top nationally available 12-month CD on our CD Rates Leaderboard by two-fifths of a percentage point.

You have to be a member of General Electric Credit Union to buy these certificates of deposit.

Membership is available to the credit unions more than 325 select employer groups, members’ immediate family and household members, and those who live, work, worship or attend school in the Ohio counties of Adams, Brown, Butler, Clarke, Clermont, Clinton, Darke, Fayette, Greene, Hamilton, Highland, Miami, Montgomery, Preble, Shelby and Warren; the Kentucky counties of Boone, Campbell and Kenton; or the Indiana counties of Dearborn, Franklin, Switzerland and Union.

Membership requires a $5 deposit in a share savings account.

Chart showing the top and average 5-year CD rates

Members can buy CDs over the phone if funds are available in their account, by mail or in person at a branch.

Branches are in Cincinnati, Fairfield, Loveland and Mason, Ohio; and in Madisonville, Kentucky.

Learn more about General Electric Credit Union at or call 800-542-7093.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

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Comments (1)
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One Existing Comment
  1. A.Bundy said:
    on September 4th at 11:20 pm

    based on the really REALLY bad reviews on Montauk Credit Union, they haven’t accepted new deposit accounts in years, so they can offer 1 trillion percent interest for all i care, as it doesn’t matter. not sure why it’s listed as a top performer when you cant even join.