Bethpage Federal Credit Union CD Rates Reviewed
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Table of Contents
Bethpage Federal Credit Union CD Rates
|3 Month||0.40% APY|
|6 Month||0.40% APY|
|12 Month||0.45% APY|
|18 Month||0.45% APY|
|24 Month||0.50% APY|
|30 Month||0.55% APY|
|36 Month||0.55% APY|
|39 Month Bump-Up||0.55% APY|
|48 Month||0.60% APY|
|60 Month||0.75% APY|
Bethpage Savings Rates
- Youth Savings: 2.00% APY interest for the first $1,000; 0.35% APY interest for higher balances
- All Youth Accounts convert to a Regular Savings Account at age 21
- Custodial accounts available
|Youth Savings / Young Adult Savings (Balances $5.00 - $1,000.00)|
|Youth Savings / Young Adult Savings (Balances $1,000.01 - $10,000.00*)|
Annual Percentage Yield (APY) is in effect as of 10/11/2021 and subject to change, including after account opening, without notice. Certain restrictions may apply.
* There is no maximum balance limit to earn the APY and the limit of $10,000 is an illustrative example for APY computation purposes only.
Youth Savings Account – ages 17 and under. Young Adult Savings Account – ages 18-20.
For more information on Youth Savings Custodial Uniform Transfers to Minors Act (UTMA) accounts, please visit our NYUTMA page.
Bethpage Checking Account Rates
|Bethpage Free Checking||0.40% APY|
|Capital One 360||0.10% APY|
|National Average||0.27% APY|
Annual Percentage Yield (APY)) is in effect as of 10/11/2021 and is subject to change, including after account opening, without notice. APY will apply for each month that the member (i) is enrolled in online banking with eStatements, (ii) receives a direct deposit and (iii) makes 10 point-of-sale debit transactions. If conditions are not met in any given month, then the account will earn a 0.00% APY (transactions must post to the account by the last day of the month). No minimum balance requirements to earn APY.
CDs vs Fixed Annuity
A multi-year guaranteed annuity (MYGA) is essentially a CD that is issued by an insurance company rather than a bank. The table below compares and contrasts some of the key differences and similarities between the two.
|Issued By||Insurance Companies||Banks|
|Investment Amount||$2,000 - $1,000,000||Essentially Any Amount|
|Investment Term||2 years - 10 years||3 months - 5 years|
|Interest Rates (APY)||Varies by product.||Varies by bank, term and investment amount.|
|Liquidity||Usually, 10% annually or interest earned.||Almost always accumulated interest.|
|Guarantees||Backed by Insurer & State Guaranty Associations.||Backed by the FDIC.|
|Death Benefit||May avoid probate.||Probate process required.|
Today's Best Guaranteed Annuity Rates
Fixed annuity rates are guaranteed for a set number number of years.
|Term||Insurer||Company Details||Annuity||Rate||AM Best||Application|
|3 Years||Farmers Life||Safeguard Plus||5.50%||B++||Apply|
|4 Years||AMERICO||Platinum Assure||5.20%||A||Apply|
|5 Years||Ibexis||MYGA Plus||5.90% Simple||A-||Apply|
|6 Years||EquiTrust||Certainty Select||5.65%||B++||Apply|
|7 Years||AMERICO||Platinum Assure||5.55%||A||Apply|
|8 Years||EquiTrust||Certainty Select||5.70%||B++||Apply|
|9 Years||American National||Palladium MYG||5.10%||A||Apply|
|10 Years||EquiTrust||Certainty Select||6.00%||B++||Apply|
Today's Best CD Rates
Best 3 Month CD Rates
|TotalDirect Bank||5.16% APY||3 Months||$25,000.00|
|Ponce Bank N.A.||5.15% APY||3 Months||$50,000.00|
|Brilliant Bank||5.10% APY||3 Months||$1,000.00|
|Alliant Credit Union||4.50% APY||3 Months||$1,000.00|
|Popular Direct||4.50% APY||3 Months||$10,000.00|
Best 12 Month CD Rates
Best 2 Year CD Rates
Best 3 Year CD Rates
|U.S. Senate Federal Credit Union||5.23% APY||36 Months||1000|
|Quorum Federal Credit Union||4.85% APY||36 Months||1000|
|Popular Direct||4.55% APY||36 Months||10000|
|Bread Savings||4.50% APY||36 Months||1500|
|Barclays||4.30% APY||36 Months||0|
Best 4 Year CD Rates
|Best 4-Year CD Rates||Rate||Term||Minimum|
|NASA Federal Credit Union||4.85% APY||49 Months||10000|
|GTE Financial||4.85% APY||48 Months||500|
|First National Bank of America||4.50% APY||48 Months||1000|
|Bread Savings||4.35% APY||48 Months||1500|
Best 5 Year CD Rates
|Lafayette Federal Credit Union||4.68% APY||60 Months||500|
|Department of Commerce Federal Credit Union||4.67% APY||60-84 Months||25000|
|GTE Financial||4.54% APY||60 Months||500|
|Popular Direct||4.53% APY||60 Months||10000|
|Bread Savings||4.25% APY||60 Months||1500|
A certificate of deposit is very similar to a fixed annuity. If you are looking for a safe and steady way to grow your retirement savings you can learn more about fixed “CD Type Annuities“ here.
Frequently Asked Questions
While not FDIC insured, State Guaranty Associations provide a safety net for their state’s annuity policyholders. These Guaranty Associations guarantee policyholders continue to receive coverage (up to the limits spelled out by state law) even if their insurer is declared insolvent. Source: “Learn to Invest, Investment Types, Annuities, Fixed Annuities.” Financial Industry Regulatory Authority (FINRA). Visit FINRA’s Fixed Annuities Webpage
Fixed Annuities do not have any fees or expenses unless you add an additional rider that was not mentioned on this page.
Bethpage FCU Contact Information
899 S. Oyster Bay Road
Bethpage, NY 11714