GTE Financial Review 2023
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At a glance
CDs
Checking
Savings
MMA
About Bankrate Score
Overview
GTE Financial, is a Florida-based not-for-profit financial cooperative that offers a mix of digital and brick-and-mortar banking with fairly low fees that are usually easy to avoid. It’s best suited for those living in the Tampa Bay area.
Highlights
- Low Fees
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
GTE is a full-service credit union offering checking, savings and money market accounts, CDs, IRAs and a host of other products and services. It offers a highly rated mobile app and bill pay to members, along with more than 20 branch locations and an extensive ATM network.
Pros
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Most accounts have low minimum deposit requirements.
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Account holders have access to more than 30,000 fee-free ATMs.
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Numerous banking products are offered, especially when it comes to checking account choices.
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GTE Financial offers solid digital features, including a highly rated mobile app.
Cons
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The nonsufficient funds fee is $35, higher than the national average.
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Yields at other top credit unions tend to be higher.
GTE Financial bank products
GTE Financial savings overview
GTE Financial has a special Early Savers account for kids under age 17 with no balance requirements or monthly fees.
Pros
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Just $5 is needed to open an account.
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The Early Savers account has no monthly fees or balance requirements.
Cons
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The monthly fee of $7 is a drawback, but it can be waived by meeting certain criteria.
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The APY for savings accounts is below the national average.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
With 23 branches, GTE Financial is a worthwhile choice for consumers in the Tampa Bay area. There’s also access to 30,000 ATMs nationwide. Customer service can reached by phone seven days a week from 7 a.m. to 8 p.m. Eastern time. Live chat is also available on the credit union’s website.
The mobile app gets glowing reviews from Google Play and the Apple App stores. Applications to open a new account can be done online, but it can be difficult to find all the details on the GTE website, so a call to customer service may be necessary to get all your questions answered.
About GTE Financial
GTE Federal Credit Union, doing business as GTE Financial, is a well-established, full-service credit union serving individual members and businesses in Florida’s Tampa Bay area. It was founded in 1935 during the Great Depression.
It offers a choice of checking and savings accounts, including options for children and students. Deposits at GTE are insured by the National Credit Union Administration (NCUA).
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
