Bethpage Federal Credit Union Certificate Account Review

Bethpage Federal Credit Union Certificate Account is offered by Bethpage Federal Credit Union, a credit union founded in 1941 and based in Bethpage, NY. Bethpage Federal Credit Union Certificate Account is available in 50 states (and Washington, DC).

• Small selection of CD account types. Bethpage Federal Credit Union Certificate Account only offers traditional and IRA CDs.
• Very high APY. This account offers an annual percentage yield of up to 0.75%, which is much higher than the national average for a CD account.
• Small minimum initial deposit. You only need $50 to open an account.
• Wide selection of CD terms. Bethpage Federal Credit Union Certificate Account allows you to create a CD ladder by spreading your cash across certificates of deposit with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Are cd accounts from Bethpage Federal Credit Union federally insured?

Yes, your Bethpage Federal Credit Union cd accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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 types of CDs does Bethpage Federal Credit Union offer?

• Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
• IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Bethpage Federal Credit Union Certificate Account offers a CD that is specifically for retirement.

What CD rates does Bethpage Federal Credit Union offer on its CDs?

Bethpage Federal Credit Union Certificate Account offers an APY starting at 0.40% and ranging up to 0.75%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What is the minimum deposit to open a CD account with Bethpage Federal Credit Union?

Bethpage Federal Credit Union Certificate Account requires a minimum deposit of $50 to open an account.

What is the grace period for Bethpage Federal Credit Union Certificate Account?

There is a 7-day grace period for Bethpage Federal Credit Union Certificate Account. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 7-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Bethpage Federal Credit Union Certificate Account charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Bethpage Federal Credit Union does not charge an early withdrawal fee.