Last Updated: 04/18/2025
BECU Bump CD
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05% - 0.35%(Verified 06/21/2024)
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Minimum Opening Deposit
Starting at $500
Certificate Term
- 12 months
- 2 years
BECU Bump CD Review
BECU Bump CD are offered by Boeing Employees Credit Union (BECU), a credit union founded in 1988 and based in Tukwila, WA. BECU Bump CD are available in 1 state.
Key Takeaways
- Only one share certificate type available. BECU Bump CD only offers bump up share certificate accounts.
- Low APY. The maximum annual percentage yield for this account is only 0.35%.
- $500 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
- Limited selection of share certificate terms. BECU Bump CD only offers two share certificate terms. This limits your options when trying to set up a certificate ladder.
Pros & Cons of BECU Bump CD
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BECU Bump CD FAQ
Are share certificates from Boeing Employees Credit Union (BECU) savings accounts federally insured?
Yes, your share certificates are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
What is the difference between CDs and Share Certificates?
Certificates of Deposit (CDs) and Share Certificates are both deposit accounts where your money can grow at a fixed rate for a predetermined period of time. Both are low-risk and federally insured products designed to give you a better rate on your deposits than typical savings accounts. The main difference between them is that CDs are offered by for-profit banks, whereas Share Certificates are offered by member-owned, not-for-profit credit unions.
What types of share certificates does Boeing Employees Credit Union (BECU) offer?
BECU Bump CD provides the following types of share certificates.- Traditional share certificates. These share certificates pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the share certificate for another term.
- Bump-up share certificates. Bump-up share certificates allow you to increase the interest rate you earn on your savings if the going interest rates rise. These share certificates are useful in a changing interest rate environment.
What rates does Boeing Employees Credit Union (BECU) offer on its share certificates?
BECU Bump CD offers an APY starting at 0.05% and ranging up to 0.35%. APY stands for annual percentage yield and shows the interest rate paid by the share certificate after taking into account compounding.
What terms does BECU Bump CD offer?
Boeing Employees Credit Union (BECU) offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
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| 12-Month APY | 0.05% - 0.35% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.05% - 0.35% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 0.05% - 0.35% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a share certificate account with Boeing Employees Credit Union (BECU)?
BECU Bump CD require a minimum deposit of $500 to open an account.
What is the grace period for BECU Bump CD?
There is a 7-day grace period for BECU Bump CD. A grace period is a period of time during which you can withdraw the money in your share certificate without paying an early withdrawal penalty. A grace period starts the day after a share certificate’s maturity date, or the final day a share certificate is opened. Standard share certificates renew automatically at the same term if you don't withdraw your money after the 7-day grace period. Note that the new share certificate rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does Boeing Employees Credit Union (BECU) charge?
Financial institutions don't typically charge many fees on share certificates. However, most charge a fee if you choose to withdraw your money before the term ends.
Boeing Employees Credit Union (BECU) charges an early withdrawal fee.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 6:00PM
Tuesday
9:00AM - 6:00PM
Wednesday
9:00AM - 6:00PM
Thursday
9:00AM - 6:00PM
Friday
9:00AM - 6:00PM
Saturday
9:00AM - 1:00PM