Blue Federal Credit Union's Competitive 60-Month CD Rates

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Deal Summary: 60-month CD, 1.55% APY ($100k), 1.45% APY ($50k), 1.35% APY ($1k).

Availability: Easy membership requirement

Earlier this month, I wrote about Blue Federal Credit Union’s (Blue FCU) 48-month CD, which was a “New To Summary” CD in the August 11 CD Rates Summary. Yesterday’s CD Rates Summary includes another NTS CD from Blue FCU – the 60-month. This long-term CD currently offers three tiered APYs: 1.55% APY ($100k), 1.45% APY ($50k), and 1.35% APY ($2k). In the past ten months, the 60-month CD top rate went from a high of 3.00% APY to the current 1.55% APY in a series of four rate drops.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.40*%$100k-Blue Federal Credit Union60 Month CD
OTHER TIERS: 1.20% $2k - $50k | 1.30% $50k - $100k
1.40*%$100k-Blue Federal Credit Union60 Month IRA (Traditional, Roth)
OTHER TIERS: 1.20% $2k - $50k | 1.30% $50k - $100k
Rates as of November 28, 2020.

The 60-month CD is also available as an IRA CD, earning the same tiered APYs with the same deposit requirements.

As stated on the CD and IRA page, the Early Withdrawal Penalty reads as follows:

If the term of the account is three years or more, the
penalty will equal 240 days’ dividends on the amount withdrawn.

Funding a CD can be done by ACH, wire, or by check. There is a seven-calendar day grace period before the CD automatically renews. Maturing funds can be transferred to your Primary Savings Account, if you choose not to renew.

30-Month Expandable CD

I mentioned the 30-month Expandable CD in my earlier Blue FCU post, but it deserves another quick look. The 30-month Expandable CD is an add-on CD that allows unlimited additional deposits throughout the term. Like the 60-month CD, the 30-month Expandable CD has tiered APYs: 1.25% ($100k), 1.15% ($50k), and 1.05% ($1k).

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.00*%$100k-Blue Federal Credit Union30 Month Expandable CD
OTHER TIERS: 0.80% $2k - $50k | 0.90% $50k - $100k
Rates as of November 28, 2020.

All three APY tiers offer higher rates than the vast majority of the nationally available savings accounts tracked by DA.

Availability

Headquartered in Cheyenne, Wyoming, Blue Federal Credit Union’s field of membership provides a way for almost all U.S. citizens and resident aliens to join.

Easy Membership - Joining the Blue Foundation qualifies for Blue FCU membership, regardless of employment or residency status. If you open an account and deposit $10, $5 will be used to set up your membership and the other $5 will go the Blue Foundation.

Employment - Active employees, members, volunteers, retirees, pensioners, or annuitants of nearly 1,200 Wyoming and Colorado businesses are eligible to join.

Military Relationship - Civilian and military personnel stationed at F.E. Warren Air Force Base qualify for membership, as do other military personnel. Complete details are listed on Blue FCU’s “Who Can Join” page.

Family Relationship - Family and household members of current Blue FCU members are also eligible to join.

Joining Blue FCU and/or opening a CD can be done online, by phone (800.368.9328), or at any of six Wyoming branches located in Cheyenne (5) and Laramie, or 11 Colorado branches located in Boulder, Broomfield (2), Denver, Erie, Fort Collins (3), Granby, Lafayette, and Wellington.

When visiting a branch, you will see our staff wearing masks, so we recommend you wear a mask too. Our branches are being rearranged to enforce social distancing at the teller line and in our lobbies. If our branches are extremely busy, we will have to limit the number of members that can be in a branch at any given time for the safety of our employees and you, our members.

Establishing a new Blue FCU membership requires a minimum $5 deposit into a Primary Savings Account.

Blue FCU participates in both the CO-OP Share Branched and ATM networks, giving members access to,

over 5,000 shared branches, allowing you to bank in person almost anywhere. With
Blue, you’ll also have access to over 30,000 fee-free CO-OP ATMs across the country.

Credit Union Overview

Blue Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.96% (excellent) based on March 31, 2020 data. In the past year, Blue FCU increased its total non-brokered deposits by $205.94 million, an excellent annual growth rate of 23.61%. Please refer to our financial overview of Blue Federal Credit Union (NCUA Charter # 7361) for more details.

Blue Federal Credit Union was originally established in 1951 as the Warren Federal Credit Union, formed by civilian employees on the F.E. Warren Air Force Base in Cheyenne. The Credit Union was rebranded as Blue Federal Credit Union in April 2016, following a merger between Warren FCU and Community Financial Credit Union of Broomfield, Colorado. This merger was the second largest consolidation approved by NCUA in the first quarter of 2016. At the beginning of 2020, Blue FCU purchased two Liberty Savings Bank branches, expanding its footprint in Colorado, including its first branch inside Denver’s city limits. Blue FCU is currently the largest Wyoming-based credit union, with more than 93,000 members and assets in excess of $1.2 billion

How the CD Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available nationwide, Blue Federal Credit Union's 60-month CD top APY currently ranks second, regardless of deposit requirements.

The above rates are accurate as of 8/26/2020.

To look for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.

Related Pages: Denver CD rates, Cheyenne CD rates, 5-year CD rates, nationwide deals

Comments
Infinityy
  |     |   Comment #1
Note that Blue FCU is highly sensitive to Chexsystems inquiries. If you have opened 3 or more deposit accounts in the last 6-12 months, you will be automatically denied.
QED
  |     |   Comment #2
Your heads up is much appreciated. Thank you for posting.

Blue is "one of those credit unions", maybe a little bit like Keesler in that regard. I'm not a member. I should become a member. You never know when Blue, or Keesler, or credit unions akin, are going to drop a "must have" deal that is like finding money in the street! When it happens, not if, it's better if you're already a member.
jofr4646
  |     |   Comment #3
when credit unions need money to fund their loans, they will issue c.d.'s. So far this credit union has proven to be honest, long time member here.
jofr4646
  |     |   Comment #4
Their no fees means you have to use their debit card at least 10 times per month. Do you know how much they make on you, depends, the more you spend the more they make.
Blue Federal Credit Union Offers Competitive CDs and Checking
Deal Summary: 48-month CD, 1.45% APY ($100k min); 30-month add-on CD, 1.25% APY ($100k min); Extreme Checking up to 3.50% APY ($15k max)

Availability: Easy membership requirement

Another “New to Summary” CD in this week’s CD Rates Summary is Blue Federal Credit Union’s (Blue FCU) 48-month CD. This long-term CD currently offers three tiered APYs: 1.45% APY ($100k), 1.35% APY ($50k), and 1.25% APY ($2k). In the past year, the 48-month CD went from a high of 2.85% APY to the current 1.45% APY in a series of...

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Blue Federal Credit Union Has 17-Month CD Special, Up To 2.75% APY
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Availability: Easy membership requirement

Wyoming-based Blue Federal Credit Union (Blue FCU) has a new, limited-time offering: a 17-month Term Share Special, which can earn up to 2.75% APY. If funds already on deposit at Blue FCU are used, the APY will be 2.25%. The key to earning higher APYs is new money, defined as “money transferred from a different financial institution.” According to the landing page,

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Availability: Easy membership requirement

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All members automatically qualify for the Silver tier (2.00% APY), while the Gold and Sapphire tiers require more account relationships to qualify.

The Extreme Checking account must first meet the “criteria for earning dividend” requirements in order to qualify for one of the three...

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4.01% Reward Checking Account at Warren Federal Credit Union in Wyoming
Update 10/04/09: The top rate has fallen to 4.01% APY.

Warren FCU is offering a reward checking account called Extreme Checking which pays 4.01% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees nationwide if the following monthly requirements are met:
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  • one direct deposit or ACH (auto debit)
  • access monthly statements online
If these are not met, the rate falls to 0.15%. There are no monthly service charges and no minimum balance.

Membership is open to those who live, work, and worship or attend school within Warren...




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4.00% 24-Month CD at Warren FCU in Wyoming
Warren FCU is listing some competitive certificate rates. These include Bump-Up Certificates with an APY of 4.00% for terms of 24 and 36 months and an APY of 4.25% for terms of 48 and 60 months. Minimum deposit is $250. I don't see any details of the bump feature, but if it's typical it'll allow you to bump up the rate one or two times during the term of the CD to match the current rate of the corresponding CD. Even without the bump feature, the rates are very competitive....
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