

Genisys Credit Union, based out of Michigan, is currently offering some respectable CD rates despite an abysmal environment for savers in 2021.
Back in the early Spring of 2020, they had 3 promotional CDs with oddball maturities and very respectable rates, but with the FED maintaining its near zero stance on rates in 2021 and beyond, these products have all since been discontinued.
Their current promotional CDs consist of “Flex Certificates” and come with terms of either 1 year or 2 years and an APY of 0.60%.
The best yields come from long term jumbo CD rates. The 60 month jumbo CD features an APY of 1.05% currently.
Are you interested in taking advantage of Genisys Credit Union’s CD products?
Here’s everything you need to know before opening an account with them.
About Genisys Credit Union + Eligibility Rules
Today, Genisys Credit Union headquartered in Auburn Hills, MI, is the 5th largest credit union in the state of Michigan and the 97th largest credit union in the country. They service over 220,000 members in Michigan, Minnesota, and one county in Pennsylvania. They control assets of just over $2.7 billion and have sold nearly $250m in non-brokered deposits.
What’s more impressive is that they’ve seen 10% year over year growth in deposits held at the credit union despite an abysmal savings rates environment.
Genisys Credit Union has had their fair share of re-brands since their inception as General Motors Truck & Coach Federal Credit Union back in 1936. Over the past 40 years they’ve rebranded 3 different times before settling on Genisys Credit Union.
Genisys Credit Union Membership Eligibility
Unfortunately Genisys Credit Union runs a pretty tight ship when it comes to eligibility. And geography is going to be your largest barrier.
Currently Genisys Credit Union only offers membership to those who work, live or worship in:
- Anywhere in Michigan
- The following six counties in Minnesota: 1. Dakota 2. Ramsey 3. Anoka 4. Hennepin 5. Scott and 6. Washington Counties
- or Montgomery County in Pennsylvania.
If you’d like to search eligibility by zip code you can do that here.
Genisys Credit Union Promotional CD Rates
Genisys Credit Union is notorious for offering promotional deposit products with odd-ball terms and maturity dates throughout the year. Before the FEDs latest rate drop to zero, they had several promotional deposits with longer durations – 17 months, 33 months and 61 months. They rolled these back in March of 2020 and had no promotional deposits for a few months until this 19 month deposit showed up.
Today they offer just two promotional CDs called “Flex Certificates.” They come with terms of 1 or 2 years and an APY of 0.60% and three noteworthy features.
These features are:
- Additional deposits are allowed daily between $10 to $25,000.
- One time option to change the rate offered on the same product.
- One time option to withdraw up to 25% of principal with no penalty
These Flex Certificates require a minimum deposit of at least $500.
We will provide updates here when more promotional deposits come back online.
Genisys Credit Union Traditional CDs
Here are Genisys Credit Unions standard CD rates and Jumbo CD rates. Currently, the jumbo CDs provide a higher yield to the tune of 0.05% per term.
To put these yields in perspective, the current national average on a 12 month CD and a 60 month CD sit at just 0.15% and 0.32% APY, respectively, according to recent FED data.
Genisys Credit Union’s CD Rates:
CD Term | APY |
6 month | 0.30% |
1 year | 0.45% |
18 months | 0.50% |
2 years | 0.55% |
3 years | 0.75% |
4 years | 0.90% |
5 years | 1.00% |
As with their CD specials their traditional deposits all require a minimum deposit of $500 and come with NCUA insurance up to $250,000. The NCUA is the FDIC equivalent for credit unions.
Genisys Credit Union’s JUMBO CD Rates:
CD Term | APY |
6 month | 0.35% |
1 year | 0.50% |
18 months | 0.55% |
2 years | 0.60% |
3 years | 0.80% |
4 years | 0.95% |
5 years | 1.05% |
Final Thoughts
If you find yourself eligible to join Genisys Credit Union and you’re in the market for a CD with a respectable APY, then some of their products may be worth a look, however you can still find better yields with online banks.
Although Genisys Credit Union has been known to offer exceptional certificate of deposit promotions in the past, they have rolled back many of these products to start 2021. Check back often, as rates and products change frequently.