Genisys Credit Union has recently introduced a 7-month Share Certificate Special, offering a near rate-leading APY of 4.48%.
This special deal requires a minimum deposit of $500 and is available to members nationwide, marking it as a highly accessible and attractive option for savers.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
Genisys Credit Union 7-Month CD Account Offer
The 7-month Share Certificate Special features:
- A 4.48% Annual Percentage Yield (APY).
- A minimum deposit of $500 with no maximum cap.
- An early withdrawal penalty equivalent to 90 days of dividends.
In addition to this offer, Genisys Credit Union also provides various other Share Certificate Specials with competitive rates, including a 14-month Flex Share Certificate at 4.37% APY.
This particular certificate allows unlimited additional deposits, a one-time rate bump, and a one-time partial penalty-free withdrawal.
APY rates were last updated on March 28, 2025.
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Early Withdrawal Penalty and Flex Share Certificate Details
- The penalty for early withdrawal from certificates with a term of 14 months or less is 90 days of dividends.
- Partial withdrawals are permitted, but any withdrawal within the first three months can reduce the principal balance.
- The 14-month Flex Share Certificate allows additional deposits ranging from $10 to $25,000 per day, a one-time option to change the rate, and a one-time withdrawal of up to 25% of the principal with no penalty.
Availability and Account Opening
- Membership is available to any U.S. citizen with a valid Social Security number who makes a $5 contribution to select organizations or meets other eligibility criteria.
- Account opening can be done online, over the phone, or in-person at various branches across Michigan, Minnesota, and Pennsylvania.
Funding and Other Details
- Funding options include ACH, wire transfer, internal transfer, and Shared Branch transactions.
- Dividends are compounded and credited quarterly, and can be reinvested or transferred to another Genisys account.
- Beneficiaries can be added with unlimited numbers and equal shares, requiring Social Security numbers.
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Credit Union Overview
Genisys Credit Union was founded as the General Motors Truck & Coach Federal Credit Union in 1936.
It has undergone several rebrands and is now the fourth-largest credit union in Michigan, with assets exceeding $4.6 billion.
Our Take on the Offer
The Genisys Credit Union 7-month Share Certificate Special, with its competitive APY, is an excellent choice for savers seeking a short-term investment with a high return.
The low minimum deposit requirement makes it accessible to a wide range of investors.
The Flex Share Certificate also offers unique features like additional deposits and a rate bump, further enhancing its appeal.
Overall, Genisys Credit Union’s offerings are attractive for those looking for flexibility and strong returns in their savings strategy.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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Why aren’t these pages being kept current? The Genisys CU 7 mo CD is now paying 4.48% APY as of 3/25/25.
Thank you for the update, Nancy! APY rates have been changing so fast lately, and we really appreciate you pointing this out. We’ll make sure to stay on top of it better going forward!