Visions Federal Credit Union is offering a good deal on its 5-year CD and IRA CD. The standard rate is 2.79% APY with a minimum balance of $500. A member can qualify for a relationship rate of 3.05% APY by having a checking account with a credit card or loan. These rates are listed in the credit union's share certificates page as of 10/21/2011. The details of the relationship rate requirements are listed below the rate table. Under these details, the credit union describes the early withdrawal penalties. For this CD, it's up to 180 days of interest.
Last May Visions FCU was offering a hot CD special in its new Rochester branch. Unfortunately, that special is no longer available.
Membership is open to those who live or work in Broome, Chenango, Tioga, Chemung or Schuyler Counties in New York; or the Cities of Rochester or Syracuse, New York; or Bradford County, Pennsylvania. Please refer to the credit union's membership page for more details. The credit union has an online application for membership.
Visions FCU branches are located in Rochester, Syracuse and several cities in the eastern section of New York State's Southern Tier. There are also two branches in northern Pennsylvania.
Visions FCU is a sizable credit union with $2.66 billion in assets. Its overall health score at DepositAccounts.com is 5 stars (out of 5) with a Texas Ratio of 2.39% (excellent) based on June 2011 data. Please refer to our financial overview of Visions Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 17429).
How These Rates Compare
The best nationally available 5-year CD rate without a checking requirement is 2.68% APY at Melrose Credit Union. With a checking relationship, the highest is 2.86% APY at Digital Credit Union ($25K minimum). These rates are accurate as of 10/21/2011.