Credit unions usually quote the base rates for this type of CD, with the fine print detailing the potential bonuses. BCCU has chosen to promote their Share Certificate Specials in a different fashion.
Certificate rates quoted above are for members with Platinum Level Loyalty Rewards Checking, and include a .20% bonus added to the base rate. Members with Gold Level Loyalty Rewards Checking receive a .10% bonus added to the base rate, and Silver Level Loyalty Rewards Checking receives a .05% bonus added to the base rate. To determine the base rate, deduct .20% from the above quoted rates.
Qualifying for the additional Loyalty Rewards bonus rates requires opening a Loyalty Checking account, with the various levels determined as follows:
Silver Loyalty Level requires either a combined balance, of deposit and outstanding VISA and loan balances, of $300 OR by signing up for eStatements.
Gold Loyalty Level can be maintained by enrolling in at least two convenience services (Bill Pay, Direct Deposit, or eStatements) or by maintaining a combined balance of $5,000 or more.
Platinum Loyalty Level requires combined balances of $25,000 or more.
|0.10%||$2,500||-||Bellwether Community Credit Union||Platinum Loyalty Checking|
|0.01%||$300||-||Bellwether Community Credit Union||Gold Loyalty Checking|
Note: Opening a Share Certificate with a deposit of $25k+ automatically qualifies for the highest APYs, as long as a Loyalty Checking account is opened and maintained throughout the term of the Share Certificate.
All three Share Certificate Specials are also available as IRAs (Traditional), earning the same APYs with the same funding requirements.
According to CSR, the Early Withdrawal Penalty for the 9-month Share Certificate Special is three months and six months for the 13- and 22-month Share Certificate Specials.
Headquartered in Manchester, New Hampshire, Bellwether Community Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live or work in New Hampshire eligible to join.
Anyone who is an employee in the communications industry who works in Maine, Massachusetts, or Vermont qualify for membership.
Immediate and extended family members of a current BCCU member can join, regardless of residency status.
Joining BCCU can be done online, or in person at any of three New Hampshire branches located in Bedford, Manchester, and Nashua. Opening a Share Certificate Special requires a visit one of the three branches.
Credit Union Overview
Bellwether Community Credit Union, has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.67% (excellent), based on September 30, 2016 data. In the past year, BCCU has increased its total non-brokered deposits by $7.67 million, an above average annual growth rate of 2.54%. Please refer to our financial overview of Bellwether Community Credit Union for more details.
Bellwether Community Credit Union’s nearly 100-year history began in 1921 when a group of Bell Telephone System employees formed the Telephone Credit Union of N.H. The FOM did not change for 80 years, but in 2001, all residents of New Hampshire became eligible for membership. In 2004 and 2006, the Credit Union merged with Greater Nashua Federal Credit Union and Compass Credit Union, respectively. As a result of the mergers, a new name was chosen to “better reflect the diversity of its members.” Bellwether is defined as “one that takes the lead or initiative,” or “an indicator of trends.” BCCU is currently New Hampshire’s fifth largest credit union, with more than 32,700 members and assets in excess of $454 million.
How the Share Certificate Specials Compare
The BCCU Share Certificate Special APYs used in the following comparisons include the Platinum Level Loyalty 0.20% bonus.
When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Bellwether Community Credit Union’s 9-month Share Certificate Special APY currently ranks first.
When compared to the 237 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Bellwether Community Credit Union’s 13-month Share Certificate Special APY currently ranks second.
When compared to the 232 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Bellwether Community Credit Union’s 22-month Share Certificate Special APY currently ranks first.
The above rates are accurate as of 12/29/2016.