Last Updated: 04/18/2025
Bethpage Federal Credit Union Certificate Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.40% - 0.75%(Verified 06/21/2024)
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Minimum Opening Deposit
Starting at $50
Certificate Term
- 3 months
- 6 months
- 12 months
- 18 months
- 2 years
- 30 months
- 3 years
- 39 months
- 4 years
- 5 years
Bethpage Federal Credit Union Certificate Account Review
Bethpage Federal Credit Union Certificate Account are offered by Bethpage Federal Credit Union, a credit union founded in 1941 and based in Bethpage, NY. Bethpage Federal Credit Union CD are available in 50 states and Washington, DC.
Key Takeaways
- Small selection of CD account types. Bethpage Federal Credit Union CD only offers IRA and traditional CDs.
- Higher than average APY. Bethpage Federal Credit Union Certificate Account has an annual percentage yield of up to 0.75%, which is higher than the national average for 3-month CDs.
- Small minimum initial deposit. You only need $50 to open an account.
- Wide selection of certificate terms. Bethpage Federal Credit Union CD allows you to create a certificate ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Bethpage Federal Credit Union Certificate Account
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Bethpage Federal Credit Union Certificate Account FAQ
Are share certificates from Bethpage Federal Credit Union 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 Bethpage Federal Credit Union offer?
Bethpage Federal Credit Union 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.
- IRA share certificates. An IRA share certificate is a type of IRA that consists entirely of share certificates. In general, you can invest in share certificates in any IRA, but Bethpage Federal Credit Union CD offers a share certificate that is specifically for retirement.
What rates does Bethpage Federal Credit Union offer on its share certificates?
Bethpage Federal Credit Union CD 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 share certificate after taking into account compounding.
What terms does Bethpage Federal Credit Union CD offer?
Bethpage Federal Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Month APY | 0.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.40% - 0.75% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 0.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 0.55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 0.60% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 0.75% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a share certificate account with Bethpage Federal Credit Union?
Bethpage Federal Credit Union CD require a minimum deposit of $50 to open an account.
What is the grace period for Bethpage Federal Credit Union CD?
There is a 7-day grace period for Bethpage Federal Credit Union 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 Bethpage Federal Credit Union 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.
Bethpage Federal Credit Union charges an early withdrawal fee.
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Contact
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 2:00PM