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Escalating Share Certificate


Watch your cash grow!

Escalating Share Certificates

Would you like to see your future certificate of deposit earnings go up each year? Now you can with GTE Financial’s Escalating Share Certificate. The Escalating Certificate was designed to lock in your savings today with a guaranteed rate increase each year for 2 years.  Your certificate will automatically increase its interest rate on your 12 month and 24 month anniversary of the 3 year escalating certificate. It’s savings with a positive future!

  • Offers competitive interest rates
  • Guaranteed Rate increase
  • Requires a minimum deposit of $500 to open
After the 3 year term, this certificate will mature to a 12 month add-on Share Certificate allowing you to continue to earn a competitive rate and add to your principal balance. 

Escalating Share Certificate has dividend rate of 1.24% in year 1, 1.49% rate Year 2, and 1.99% in year 3.

Interest rates are set at the time the share certificate is opened and cannot change. Blended Annual Percentage Yield (APY) assumes principal and interest remain on deposit for the term of the certificate. Interest is compounded daily. All interest payments for the APY will be credited at the end of the term or annually, whichever occurs first. Penalty will be imposed for early withdrawal.  Fees could reduce earning on the account. $500 minimum opening deposit. Rates apply to the initial term only. The Escalating Share Certificate is automatically renewed into a 12 month add-on Share Certificate at maturity. *APY=Annual Percentage Yield as of December 1, 2015. 

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