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DETAILSINSTITUTIONAPYMINMAXPRODUCT
Visions Federal Credit Union2.17%$500-5 Year IRA - Relationship (Traditional,Roth,CESA)
Visions Federal Credit Union2.17%$500-5 Year CD - Relationship
Visions Federal Credit Union1.92%$500-5 Year CD - Superior
Visions Federal Credit Union1.92%$500-5 Year IRA - Superior (Traditional,Roth,CESA)
Accounts mentioned in this post. Rates as of August 18, 2014

Top 5-Year CD & IRA CD Rate at Visions FCU in New York State - Local Only

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Visions Federal Credit Union

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.

Searching for Top CD and IRA CD Rates

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com. For IRA CD rates please refer to the best IRA rates section.


  Tags: New York, Pennsylvania, CD rates, IRA rates, Visions Federal Credit Union

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Comments
2 Comments.
Comment #1 by Anonymous posted on
Anonymous
As a recent member as of May my experience is....Good interest rate specials but...complex fee structures with min/max fees for underuse and overuse of debt and and bll pay.  Fee and min use for credit cards.  Tough to qualify for relationship  rate without loan.  Website antiquated. Uninformed personel in Rochester. Long wait times at 800 customer servive line.   Would like to do more business with Visions but conditions and fees are too complex to keep straight and can vary from type of account.....special vs non special. Highly suggest for folks considering Visions to review fee structure.  You probably will have to use the search function to find it.

4
Comment #2 by Anonymous posted on
Anonymous
The relationship rate is complex.  Some Visions CU reps do not even understand all the details, and that makes things really tough for members trying to achieve the higher rate.  I decided to try for it anyway.  Don't know yet if I have jumped through all the hoops.  I have the Mastercard ($12 yearly fee) and have managed to do three purchases in this last month.  I think that's all that's required.  I also have the checking.  Have set up for a monthly ACH deposit to it, and have done two other transactions in the account, as well, to reach the required three transactions this month.  We shall see at the end of this month if that was sufficient.  

Visions service also is spotty, with oftentimes a long wait if you telephone them.  I have waited more than a half hour, when I went into a branch, to speak with someone.  But usually it is more like fifteen minutes.   Some of the branch personell seem quite sharp . . that's mostly the younger reps.  The older reps I have found to be pretty much out-to-lunch and frequently clueless.  They just don't grasp a lot of the critical details.  At my branch younger reps are quitting, while the older ones stay on, probably earning more money than their younger and far more competent counterparts.  I'd quit too, under those circumstances.  But this says to me upper management is not in touch with events on the ground in the branches.

2