Bellco Credit Union Boosts 6-Month Promo CD Rate

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Deal Summary: 6-month Promo CD, 5.50% APY, $500 minimum deposit, available through June 30, 2023.

Availability: Easy membership requirement

Now through June 30, 2023, Colorado-based Bellco Credit Union (Bellco) is offering a competitive 5.50% APY on its 6-month Promo CD. The minimum opening deposit is $500, with no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
4.50%$500-Bellco Credit Union13 Month CD Special
4.35%$500-Bellco Credit Union17 Month CD Special
Rates as of April 19, 2024.

Bello offered three Promo CDs for a month last February: 6-month (3.50% APY), 13-month (4.50% APY), and 17-month (5.00% APY). The 13-month and 17-month are again part of the product line, but with the same rates as offered in February.

As stated on the Truth in Savings disclosure, 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certificates with terms of 6 to 36 months, the amount of the early withdrawal penalty is 90 days interest on the amount withdrawn.

If the account has not yet earned enough interest, or if the interest has already been paid, the penalty will be deducted from the principal.

Availability

Headquartered in Greenwood Village, Colorado (a suburb of Denver), Bellco Credit Union’s field of membership is wide and varied, and includes virtually all U.S. citizens and resident aliens.

Easy Requirement In Colorado: Residents of Colorado who join Consumers United Association ($5 yearly fee or $25 lifetime fee) are automatically eligible to join Bellco.

Easy Requirement For Those Outside Of Colorado: “Do you want to join Bellco but live out of state? We've got you covered. By joining the Bellco Foundation [minimum $10 donation], 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, Larimer, Mesa, Moffat, Rio Blanco, or Weld also qualify.

Employment: Employees of nearly 2,000 SEGs are eligible to join.

Relationship: Family members (related by blood, marriage, or adoption) of current Bellco members also qualify for membership.

Account Opening

Joining Bellco and/or opening a 6-month CD can be done online, or at any of the 27 Colorado branches located in Aurora (3), Brighton, Castle Rock, Centennial (2), Denver (4), Edgewater, Grand Junction, Greenwood, Lakewood, Littleton (2), Lone Tree, Longmont, Louisville, Parker, Sheridan, Thornton (2), Westminster (2), and Wheat Ridge.

A new Bellco membership can be established by opening a Savings Account with a minimum $25 deposit. There is also a one-time $5 membership fee.

Bellco participates in both the CO-OP Shared Branch network and ATM network, giving member access to more than 5,600 shared branches and more than 30,000 surcharge-free ATMs nationwide.

Funding and Other Details

The following information is from a conversation with CSR.

  • Funding – If opening online, only Plaid can be used for funding, no ACH or wire funding available. If opening in-branch, the funding options are Plaid or an internal transfer.
  • Ownership – Individual or joint.
  • CO-OP Shared Branch Participant – Yes.
  • Dividends – Compounded/credited monthly and can be withdrawn penalty-free.
  • Maturing Funds – Plaid transaction, cashier's check to address on file, or deposited in a Bellco savings account.
  • Beneficiaries – Up to two can designated when using online application; equal shares; DOB, Social Security number, address, and phone number are required.
  • Grace Period – 10 calendar days before automatic renewal as a 6-month traditional CD.
  • Credit Check – Soft pull when joining.

Credit Union Overview

Bellco Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.28% (excellent) based on March 1, 2023 data. In the past year, Bellco CU has increased its total non-brokered deposits by $660.5 million, an excellent annual growth rate of 12.35%. Please refer to our financial overview of Bellco Credit Union (NCUA Charter # 68437) for more details.

Chartered in 1936 by employees of Mountain States Telephone and Telegraph Company, Bellco Credit Union is currently Colorado’s second largest credit union, with more than 363,000 members and assets in excess of $7.7 billion. According to a Credit Union Times December 2022 article, as of September 2022, Bellco was the fourth largest credit union holder of commercial real estate loans.

4. Bellco Credit Union of Greenwood Village, Colo., 10 miles south of Denver ($7.1 billion in assets, 358,564 members), which held $1.9 billion in commercial real estate loans on Sept. 30, or 32% of its total loans. The balance rose 4.1% from June 30, and rose 69% from a year earlier.

How the 6-Month Promo CD Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $10k or less, only one credit union has a higher rate than currently offered on the Bellco Credit Union 6-month Promo CD. The following table compares the 6-month Promo CD to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 6/12/2023.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Denver CD rates, Grand Junction CD rates, 1-year CD rates, nationwide deals

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Availability: Easy membership requirement

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