IRAs

IRA Certificates

Balance Dividend RateAPY*Member Advantage Dividend Rate Member Advantage APY*
6 month
0.10%
0.10%
0.35%
0.35%
12 month add-on**
0.45%
0.45%
0.70%
0.70%
18 month
0.65%
0.65%
0.90%
0.90%
24 month
0.75%
0.75%
1.00%
1.00%
30 month
0.85%
0.85%
1.10%
1.10%
Step Up 30 month††
0.75%
0.75%
1.00%
1.00%
36 month
1.25%
1.26%
1.50%
1.51%
48 month
1.45%
1.46%
1.70%
1.71%
60 month
1.65%
1.66%
1.89%
1.91%
†Minimum balance of $500 to open. All certificates are also offered as Traditional IRA certificates, Roth IRA certificates, Coverdell Education Savings Account (ESA) certificates and SEP certificates. In addition, prior to opening an IRA certificate (Traditional, Roth, SEP) or Coverdell ESA certificate, you must have or establish an IRA or Coverdell ESA with GTE Financial. With the exception of the 12 month add-on share or IRA certificate, you may not add any additional money to your certificate after opening. Dividends compound monthly and are paid on the last day of the month and at maturity. There are no penalties for monthly dividend withdrawals. Early withdrawal penalties may or will apply if the certificate is closed before the maturity date. You can withdraw up to 10% of the principal plus dividends one time per year (20% of the current balance if over 59 1/2 years old) with no early withdrawal penalty on IRA certificates. Any monthly withdrawals or transfers reduce earnings. Neither the primary account owner or joint owner may be a beneficiary on the certificate account (not applicable on IRAs and Coverdell ESAs). Certificate rates may change weekly. You are not locked into a rate until you open or renew your certificate.
*APY=Annual Percentage Yield as of December 1, 2012.
**Add-On option available in deposits of $100 or greater throughout the term of the certificate up to a combined maximum of $6,000 per primary owner per calendar year.
†† Certificate must be open for at least six months before one-time step-up feature can be utilized.

IRA Plus

Balance Dividend RateAPY*
$100+
0.15%
0.15%
*APY=Annual Percentage Yield as of December 1, 2012. Fees may reduce earnings. Rates, terms and conditions subject to change without notice. Regulation D withdrawal limits apply to all share and money market accounts.
**Minimum balance of $500 required to open.

High Balance IRA

Balance Dividend RateAPY*
$100+
0.15%
0.15%
*APY=Annual Percentage Yield as of October 1, 2012. Fees may reduce earnings. Rates, terms and conditions subject to change without notice. Regulation D withdrawal limits apply to all share and money market accounts.