Dedicated to Deposits: Deals, Data, and Discussion

4.00% 24-Month CD at Warren FCU in Wyoming

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Warren Federal Credit Union
Warren FCU is listing some competitive certificate rates. These include Bump-Up Certificates with an APY of 4.00% for terms of 24 and 36 months and an APY of 4.25% for terms of 48 and 60 months. Minimum deposit is $250. I don't see any details of the bump feature, but if it's typical it'll allow you to bump up the rate one or two times during the term of the CD to match the current rate of the corresponding CD. Even without the bump feature, the rates are very competitive. These rates are listed at the credit union's rate table as of 1/14/2009.

There's also a competitive 30-month CD listed with an APY of 3.75% as of 1/14/2009. According to the rate table, it's an expandable CD that allows additional deposits. Add-on CDs can be a good hedge against a long low-rate environment.

The credit union also has a reward checking account that currently pays 5.01% APY on balances up to $25K (see post).

Membership is open to those who live, work, and worship or attend school within Warren FCU's Investment Area inside the city of Cheyenne. You can also be eligible to join via a long list of Select Employer Groups. Please refer to the credit union's field of membership page and SEG page for more details. Membership requires a minimum balance of $5 in the share savings account.

Branches are located in Cheyenne, Wyoming and Wellington, Colorado.

The credit union is federally insured by the NCUA (Charter # 7361).

Edit 12:55pm PT 1/14/09: Added FOM.

  Tags: Wyoming, Warren Federal Credit Union, CD rates

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Comments
2 Comments.
Comment #1 by Anonymous posted on
Anonymous
Looks good, but membership is limited to locals (which is wht credit unions are supposed to be about, but still....)
http://www.warrenfcu.com/membership/ways-to-join.html

1
Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks. I forgot to copy in the field of membership info. It's in there now.

1