Tuesday, 24 November 2020

Bethpage Federal Credit Union Review: Checking, Savings, CD, Money Market and IRA Accounts

Bethpage Federal Credit Union Review: Checking, Savings, CD, Money Market and IRA Accounts
19 Oct
2:26

Bethpage Federal Credit Union’s Most Popular Accounts

APY

Account Type

Account Name

Compare Rates from Similar Accounts

0.20%

Savings

Bethpage Federal Credit Union Savings Accounts

2.15%

CIT Bank Savings Builder

LEARN MORE Secured

on CIT Bank’s secure website

Member FDIC

2.20%

CD Rates

Bethpage Federal Credit Union 12 Month Certificate

2.55%

Goldman Sachs Bank USA High-yield 12 Month CD

on Goldman Sachs Bank USA’s secure website

Member FDIC

2.55%

CD Rates

Bethpage Federal Credit Union 36 Month Certificate

3.00%

American Express National Bank 60 Month CD

on American Express National Bank’s secure website

Member FDIC

Bethpage Federal Credit Union’s checking accounts

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How Bethpage Federal Credit Union’s checking accounts compare

Both the Bonus and Young Adult checking accounts offer rates that rival those at the top of our list of the best checking accounts currently being offered out there. These Bethpage checking accounts offer some really great perks, such as no monthly maintenance fee and access to a large number of branches and ATMs.

Bethpage Federal Credit Union’s savings accounts

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How Bethpage Federal Credit Union’s savings accounts compare

Except for the whopping APY paid on Youth Savings account balances up to $1,000, Bethpage Federal Credit Union’s savings accounts rates fall short when compared to other online banks. The accounts on our list of the best online savings accounts have much higher APYs and also don’t require minimum balance amounts.

If you were planning on opening an account for your child, it’s a great option since you need to open a savings account to access the credit union’s other products. Otherwise, you’re better off shopping around.

Bethpage Federal Credit Union’s CD rates

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How Bethpage Federal Credit Union’s CD rates compare

Bethpage Federal Credit Union’s CD rates are on par with some of the best offerings out there. Their CDs also have a lower minimum opening deposit than some of those on our list of the current best CD rates. The Bump Up CD also offers a great rate and the opportunity to increase it during your term.

Bethpage Federal Credit Union’s money market account options

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How Bethpage Federal Credit Union’s money market account compares

Bethpage Federal Credit Union’s Money Market account is pretty comparable to some of the best money market offerings out there. The minimum balance is similar to other online banks that offer high rates. Unless you really care about having limited check-writing capabilities, this account is a great choice.

Bethpage Federal Credit Union’s IRA accounts

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How Bethpage Federal Credit Union’s IRA CD rates compare

Bethage Federal Credit Union’s IRA CD rates are comparable to some of the best offerings out there. The ones on our list of the best IRA CD rates have higher minimum deposit amounts which could be a disadvantage if you don’t have a lot to invest initially. The seven-day grace period for renewal is shorter than most similar IRA CDs out there. Still, if you go with this IRA CD, you can’t go wrong.

Overall review of Bethpage Federal Credit Union’s banking products

Overall, Bethpage Federal Credit Union offers great rates on most of their deposit accounts and IRA products. These have low opening deposit amounts and offer perks such as ATM access, free checks and mobile checking.

Where Bethpage Federal Credit Union falls short in on their savings accounts, which you need to open one in order to access the other products. If you look beyond that, Bethpage Federal Credit Union offers some great choices for most consumers.

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Sarah Li Cain

Sarah Li Cain |

Sarah Li Cain is a writer at MagnifyMoney. You can email Sarah Li here

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Source: https://www.magnifymoney.com/blog/reviews/bethpage-federal-credit-union/

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