Bay Area Credit Union is offering three competitive long-term share certificate rates. The include a 2.50% APY for 5 years, 2.25% APY for 4 years and 1.50% APY for 3 years. The same rates are also available as IRA certificates. Minimum deposit is $1,000. These rates are listed in the credit union rates page as of 4/11/2012.
I find it interesting that the credit union is highlighting its 19-month certificate special which has a rate of only 0.85%. Its CD rates for terms under 3 years are not competitive. Hopefully, its long-term CD rates will remain competitive.
Credit union membership is open to those who live, work , worship or go to school in the Ohio counties of Lucas, Wood, Ottawa and Sandusky. Please refer to the credit union's Join Us page for more details.
The credit union is located in Oregon, Ohio which is just east of Toledo.
Bay Area Credit Union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 13.96% (above average) based on December 2011 data. Please refer to our financial overview of Bay Area Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 63375). It also has private Excess Share Insurance (ESI) that insures deposits that exceed the NCUA limits.
How These CD Rates Compare
The 5-year CD rate that's nationally available is 2.36% APY at Michigan State University FCU. This requires a $100K minimum deposit. If you have a military connection, you may be able to qualify for Air Academy Federal Credit Union which has a 2.45% APY 5-year CD for a $10K minimum deposit.
For a minimum deposit of $5K, the best 5-year CD rate is 2.27% APY at Melrose Credit Union. This credit union also has the best 3-year and 4-year CD rates of 1.86% APY and 2.07% APY.
These rates are accurate as of 4/11/2012.
Searching for Top 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.