We don’t think bump-up CD rates are typically the best deals, but we like Bethpage Federal Credit Union’s 39-month offering.
It’s paying 2.00% APY with a $1,000 minimum deposit.
That’s about a tenth of a point less than the top nationally available 36-month deal, and you can bump up it up once during the term.
Plus, the required minimum deposit is substantially lower.
With a bump-up CD, you typically have to put up with a lower initial rate than what you can find elsewhere to earn an opportunity for a higher rate later. But in this case, the rate is close to the best CD rates in the country.
Bethpage’s 36-month CD pays 2.00% APY as well, and its 24-month CD — at 1.55% APY — ties its term leader on our CD Rates Leaderboard, which you should bookmark.
You must be a member of Bethpage (www.bethpage.coop) to buy these certificates of deposit.
Membership is limited to those who live, work, worship, go to school or regularly do business in Long Island’s Nassau or Suffolk counties (Southampton, East Hampton and Shelter Island excluded), as well as members’ family members.
Members can buy CDs online, over the phone or in person at one of Bethpage’s 24 branches across Long Island.
See how these returns compare with the best CD rates from scores of banks in our extensive database.
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