Credit union · Privately insured
GenFed Credit Union CD Rates
GenFed Credit Union’s best CD rate is 4.50% APY on a 1-year share certificate (CD). Terms run from 3 months to 5 years. Rates checked October 16, 2026.
How GenFed Credit Union’s CD rates compare
Compared with banks and credit unions near Cleveland, OH, where GenFed Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
GenFed Credit Union
4.50%APY
- Term
- 12 months
- Requires
- None
- Minimum
- —
- Earns on $10,000
- $450
Standard Certificates
Top rate
7 17 Credit Union
4.75%APY
- Term
- 60 months
- Requires
- None
- Minimum
- $500
- Earns on $10,000
- $2,612
2nd-highest rate
First Federal Savings of Lorain
4.60%APY
- Term
- 35 months
- Requires
- Another account
- Minimum
- $250
- Earns on $10,000
- $1,402
GenFed Credit Union CD score
77
CD score
Higher than 44% of U.S. banks and credit unions
- 3–8 months3–8 mo2.00%
- 9–15 months9–15 mo4.50%
- 16–30 months16–30 mo2.00%
- 31–60 months31–60 mo2.00%
- QualifiedQualified4.50%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where GenFed Credit Union ranks
By CD score, in each area where it has branches
Every rate
Current CD rates
Rates from the credit union’s website. Earnings assume the rate doesn’t change.
Standard Certificates
Up to 4.50%APY · 10 terms
Penalty will be imposed for early withdrawal. After account is opened, no deposits/withdrawals permitted until maturity date. Certificates automatically renew at maturity for same term at current market rate. Available on terms from 6 months to 60 months (and 3 month term). Option to choose whether dividends are compounded internally, paid by check, or deposited to another GenFed account.
| Term | APY · $500 and up | APY · $1,000 and up | APY | Earns on $10,000Earns |
|---|---|---|---|---|
| 3 months | 0.35% | — | 0.35% | $9 |
| 6 months | — | 2.00% | 2.00% | $100 |
| 9 months | — | 2.00% | 2.00% | $150 |
| 12 months | — | 4.50% | 4.50% | $450 |
| 18 months | — | 2.00% | 2.00% | $301 |
| 24 months | — | 2.00% | 2.00% | $404 |
| 30 months | — | 2.00% | 2.00% | $508 |
| 36 months | — | 2.00% | 2.00% | $612 |
| 48 months | — | 2.00% | 2.00% | $824 |
| 60 months | — | 2.00% | 2.00% | $1,041 |
Sources (2)
- genfed.com/bank/savings-accounts/certificates
- genfed.com/files/genfed19/1/fi…-Rate-Sheet-20260701.pdf
All captured Oct 6, 2026
Bump-Up Certificate
1.50%APY · 2 terms
Available on new money only. Minimum deposit is $1,000. Allows you to increase your rate to the current standard rate once during your term. Bumps will be made to the rate available for the term closest to, but no greater than, the number of months remaining on the Bump-Up Certificate. Will roll over into S1 Share Savings account at maturity. Penalty will be imposed for early withdrawal.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 37 monthsAvailable on new money only. Minimum deposit is $1,000. One rate increase can be requested and performed during the life of the certificate to a current standard rate | 1.50% | $470 |
| 57 monthsAvailable on new money only. Minimum deposit is $1,000. One rate increase can be requested and performed during the life of the certificate to a current standard rate | 1.50% | $733 |
Sources (2)
- genfed.com/bank/savings-accounts/certificates
- genfed.com/files/genfed19/1/fi…-Rate-Sheet-20260701.pdf
All captured Oct 6, 2026
Special-purpose accounts
Education IRA Certificate
Up to 4.50%APY · 10 terms
Also called a Coverdell ESA. Helps save for child's education. Parents or guardians can make nondeductible contributions for children under 18. First time deposits qualify for a 0.25% rate increase. Terms and dividend rate/APY are the same as standard certificates with a $500.00 minimum balance to open / earn dividends.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 3 monthsFirst time deposits qualify for a 0.25% rate increase. Terms and rates same as standard certificates | 0.35% | $9 |
| 6 monthsFirst time deposits qualify for a 0.25% rate increase. Terms and rates same as standard certificates | 2.00% | $100 |
| 9 monthsFirst time deposits qualify for a 0.25% rate increase. Terms and rates same as standard certificates | 2.00% | $150 |
| 12 monthsFirst time deposits qualify for a 0.25% rate increase. Terms and rates same as standard certificates | 4.50% | $450 |
| 18 monthsFirst time deposits qualify for a 0.25% rate increase. Terms and rates same as standard certificates | 2.00% | $301 |
| 24 monthsFirst time deposits qualify for a 0.25% rate increase. Terms and rates same as standard certificates | 2.00% | $404 |
| 30 monthsFirst time deposits qualify for a 0.25% rate increase. Terms and rates same as standard certificates | 2.00% | $508 |
| 36 monthsFirst time deposits qualify for a 0.25% rate increase. Terms and rates same as standard certificates | 2.00% | $612 |
| 48 monthsFirst time deposits qualify for a 0.25% rate increase. Terms and rates same as standard certificates | 2.00% | $824 |
| 60 monthsFirst time deposits qualify for a 0.25% rate increase. Terms and rates same as standard certificates | 2.00% | $1,041 |
Sources (3)
- genfed.com/bank/savings-accounts/certificates
- genfed.com/bank/savings-accounts/iras
- genfed.com/files/genfed19/1/fi…-Rate-Sheet-20260701.pdf
All captured Oct 6, 2026
IRA Certificates
Up to 4.50%APY · 7 terms
Includes Traditional and Roth options. Penalty will be imposed for early withdrawal. Members age 55 and better receive a 0.25% investment bonus for direct IRA Certificate transfers to GenFed. Minimum balance to earn is $1,000 for IRA.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 12 months | 4.50% | $450 |
| 18 months | 2.00% | $301 |
| 24 months | 2.00% | $404 |
| 30 months | 2.00% | $508 |
| 36 months | 2.00% | $612 |
| 48 months | 2.00% | $824 |
| 60 months | 2.00% | $1,041 |
Sources (3)
- genfed.com/bank/savings-accounts/certificates
- genfed.com/bank/savings-accounts/iras
- genfed.com/files/genfed19/1/fi…-Rate-Sheet-20260701.pdf
All captured Oct 6, 2026
Who can join GenFed Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who reside, work, attend school, volunteer, or worship in Marion, Jefferson, or Clinton County, Illinois are eligible for membership.
- Individuals who reside or work in Shelby County, Indiana are eligible for membership.
- Individuals who reside, work, attend school, volunteer, or worship in Lorain, Summit, Erie, Medina, Williams, or Paulding County, Ohio are eligible for membership.
- Individuals who reside, work, attend school, or worship in Cuyahoga, Portage, or Defiance County, Ohio are eligible for membership.
Employers and groups
- Employees of qualifying select employee groups are eligible for membership.
Family and household
- Immediate family members of a GenFed member—including a spouse, child, sibling, parent, grandparent, or grandchild (including step and adopted relationships)—are eligible for membership.
1 more way to join
Family and household
- Individuals living at the same residence as a GenFed member and maintaining a single economic unit qualify for membership.
Cost to join
- Membership requires a $5 opening deposit into a Traditional Savings account, which GenFed provides at no cost to the joining member.
Membership information collected October 5, 2026.