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General Electric Credit Union 2.50% APY Thrive MMA Review (Ohio)

General Electric Credit Union 2.50% APY Thrive MMA Review (Ohio)

Residents of Ohio are eligible to snag the 2.50% APY Thrive Money Market account from General Electric Credit Union.

This rate is one of the most competitve rates on the market right now and is a good place to park your cash for the next few months until we see APYs rise again after fed hikes.

Of crouse, this rate is limited to residents of OH, so you must be a local resident in order to open an account.


To be eligible, you’ll need to have a minimum of $25K in the account when you open, but you’re able to earn interest with as little as $100. But to get the high-yield savings rate, you’ll need to have at least $25,000. General Electric will pay out the interest even if you have less than the starting amount, but at a reduced APY.

The Thrive Money Market account has no monthly fees and no maximum. You can also access over 57,000 ATMs across the nation for debit purchases.

You just need to be a resident, work, or worship in Ohio to be able to sign up for the Thrive MMA with the 2.50% APY. You can see the full requirements here.

General Electric Credit Union Thrive MMA Details

  • Account Type: Money Market Account
  • APY Rates: 2.50% APY
  • Tiered: Yes
  • Minimum Balance: $25K for 2.50% APY
  • Maximum Balance: None
  • Availability: Ohio
  • Credit Inquiry: None listed
  • ChexSystems: None listed
  • Monthly Fees: None
  • Mobile App: Yes

Qualifying for the 2.50% APY

  1. Visit a local branch. You can find locations here. Or you can sign up online here.
  2. Open a Thrive MMA.
  3. Deposit at least $25K to get the high-rate APY.


The Thrive MMA does include the option to have access to ATMs nationwide, however, you need to maintant at least $25,000 at all times to get the 2.50% APY. You can withdraw up to 6 times per month.

ACH limits and speeds

I couldn’t find any details regarding the ACH limits or speeds for GECU. If you happen to know, let me know in the comments.

External accounts

The Thrive MMA allows you to link external accounts to push or pull your money.

Pros of General Electric Credit Union Thrive MMA:

  • Earn a very competitive 2.50% APY with a moderate minimum of $25K.
  • You can drop below the $25K and still earn interest
  • Mobile app
  • Access to ATMs
  • Easy place to park your cash
  • No monthly fees

Cons of General Electric Credit Union Thrive MMA:

  • Limited to residents of OH
  • Moderately high minimum deposit
  • Requires at least $25K to earn the competitive rate

Overall thoughts

The GECU Thrive MMA is a good place to park your cash while you wait for rates to hike. Even then, this rate will still be competitive for the beginning of the rate hikes. The MMA has no fees and will net you a good rate for the meantime. For OH residents, this an excellent choice.

What do you think?