Bellco Credit Union’s (Bellco CU) introduced a series of eight Promotional Regular and Jumbo CDs this week. Of those new offerings, the 28-month Promotional Regular CD (1.50% APY, $10k minimum) and 28-month Promotional Jumbo CD (1.60% APY, $100k minimum) are the most competitive.
|1.60%||$100k||-||Bellco CU (CO)||28 Months Promotional Regular Jumbo CD|
|1.50%||$10k||-||Bellco CU (CO)||28 Months Promotional Regular CD|
As stated on the CD Penalties page, the Early Withdrawal Penalty reads as follows:
For certificates with terms of 6 to 36 months, the amount of the
early withdrawal penalty is 90 days interest on the amount withdrawn.
In September, I wrote about Bellco CU’s competitive Boost Interest Checking account, which earns 2.25% APY on qualifying balances up to $25k. The Boost Interest Checking account has been part of the product line for 16 months and the 2.25% APY has been in effect the entire time.
Headquartered in Greenwood Village (suburban Denver), Bellco Credit Union’s field of membership is wide and varied, and includes virtually everyone in the U.S.
Easy Requirement For Colorado Residents: Members of Consumers United Association are automatically eligible to join Bellco CU.>
Easy Requirement For Residents Outside Of Colorado: “Do you want to join Bellco but live out of state? We've got you covered. By joining the Bellco Foundation, you become eligible for Bellco membership.” >
Residency: Individuals who live or work in the Colorado counties of Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, El Paso, Garfield, Jefferson, Moffat, Mesa, Rio Blanco, or Weld also qualify.
Employment: Employees of nearly 1,600 SEGs are eligible to join.
Relationship: Family members of current Bellco CU members also qualify for membership.
Joining Bellco CU and/or opening a Promotional CD can be done online, or at any of the 22 Colorado branches located in Aurora (2), Centennial (2), Denver (4), Edgewater, Grand Junction, Greenwood, Lakewood, Littleton (2), Lone Tree, Parker, Sheridan, Thornton (2), Westminster (2), and Wheat Ridge.
Bellco CU is also a member of the CO-OP network, giving member access to more than 5,000 shared branches.
Credit Union Overview
Bellco Credit Union (NCUA Charter # 68437) has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 4.32% (excellent) based on June 30, 2016 data. In the past year, Bellco CU has increased its total deposits by $329.23 million, an excellent annual growth rate of 13.74%. Please refer to our financial overview of Bellco Credit Union for more details.
Chartered in 1936 by employees of Mountain States Telephone and Telegraph Company, Bellco Credit Union is currently Colorado’s 2nd largest credit union with more than 273,800 members and assets in excess of $3.3 billion. Bellco CU has earned the prestigious 5-Star rating from Bauer Financial over three consecutive years, and was named the “Best Credit Union” in the Best of Colorado 2015 edition of Colorado Biz magazine.
How the Promotional CD Compares
When compared to the 200 similar length-of-term CDs tracked by DepositAccounts.com that are available nationwide, Bellco Credit Union’s 28-month Promotional Jumbo CD APY currently ranks first, regardless of minimum deposit.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|1.60% APY||28-Month Promotional Regular CD ($100k min)||Bellco Credit Union|
|1.50% APY||28-Month Promotional Regular CD ($10k min)||Bellco Credit Union|
|1.55% APY||25-Month Special CD ($1k min)||Veridian Credit Union|
|1.51% APY||2-Year eCD ($10k min)||Virtual Bank|
The above rates are accurate as of 11/3/2016.