Third Quarter 2022
BRIGHT HORIZONS 2 Message from our President & CEO
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Open the door to better mortgage options
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Take advantage of rising interest rates The Federal Reserve—also referred to as the Fed—increased interest rates and will likely continue to increase them to combat inflation. While this can often make borrowing more expensive, it creates an opportunity to earn more on your money.
Inflation is challenging. Higher prices at the pump and grocery store can throw budgets off track. That’s why we offer products and services to help you grow your money! • Certificates and Bump Certificates Growing your money with a certificate is simple and straight forward. Just open with an initial deposit, let it accrue interest over time, then—once it matures—you can access the money (plus interest earned) or reinvest in another certificate. Lock in rates for shorter terms (3-, 6-, and 18-months) or make the deal even sweeter with a Bump Certificate so you can take advantage of future rate increases! • High-yield savings accounts An interest-earning savings account allows you to earn interest on your balance while maintaining liquidity. Start earning with as little as $100 when you open a Thrive Money Market account. • High-yield retirement account An IRA Money Market, also known as an IRA high-yield savings account, combines the tax advantages of an IRA with the stability of a money market account, while providing liquidity for retirement withdrawals. You’re guaranteed a return, making it a fantastic option for risk-averse savers.
Your savings deserve a
bump Make the most of rising rates with a Bump Certificate:
Open with as little as $5001 Bump up your rate 1x per year as rates rise2 Perfect for this rising rate environment View current rates and open online or in a branch today! Scan the QR code or visit: gecreditunion.org/bump
Certificates will be opened, and interest will accrue as of the date funding is received; funding must be received within 30 days of opening the account. Fees may reduce earnings; subject to early withdrawal penalties. 2Bump Certificate offer does not apply to existing certificates. Rates are subject to change after the account is opened. Terms include 3- and 5-Year Bump Certificates. During the term of this certificate, the certificate owner has the option to initiate a rate adjustment one time per year during the term of their certificate to the prevailing GECU rate on that product. One rate adjustment per year is reflective of an anniversary year, based on the certificate open date. The certificate owner must initiate a rate adjustment by providing a written or verbal request; a signature will be required to process the bump rate increase request. 1