BHCU (PA) Raises Rates On Long-Terms CDs

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Availability: Residents of Delaware County, Pennsylvania

Earlier this week, BHCU (formerly the Boeing Helicopters Credit Union) raised the rates on two of its long-term CDs: 50-month CD (2.15% APY) and 62-month CD (2.40% APY). The minimum opening deposit is $500, with no balance cap.

Both CDs are available as IRAs (Traditional), earning the same APYs with the same funding requirements.

BHCU’s CDs come in three differently named varieties: CD ($500+), Jumbo CD ($100K+), and Super Jumbo CD ($250K). While one might expect tiered APY levels based on deposit balances, all three CD types earn the same APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.00%$500-Boeing Helicopters Credit Union62 Month CD
2.00%$100k$250kBoeing Helicopters Credit Union62 Months Jumbo CD
2.00%$500$250kBoeing Helicopters Credit Union62 Months IRA
2.00%$100k$250kBoeing Helicopters Credit Union62 Months Jumbo IRA
2.00%$250k-Boeing Helicopters Credit Union62 Months Super Jumbo CD
2.00%$250k-Boeing Helicopters Credit Union62 Months Super Jumbo IRA
1.85%$500-Boeing Helicopters Credit Union50 Months CD
1.85%$100k$250kBoeing Helicopters Credit Union50 Months Jumbo CD
1.85%$500$250kBoeing Helicopters Credit Union50 Months IRA
1.85%$100k$250kBoeing Helicopters Credit Union50 Months Jumbo IRA
1.85%$250k-Boeing Helicopters Credit Union50 Months Super Jumbo CD
1.85%$250k-Boeing Helicopters Credit Union50 Months Super Jumbo IRA
Accounts mentioned in this post. Rates as of December 8, 2016.

According to CSR, the Early Withdrawal Penalty for all BHCU CDs is "the previous quarter’s interest."

Availability

Headquartered in Ridley Park, BHCU membership is residency based, with individuals who live, work, worship, or attend school in Delaware County, Pennsylvania eligible to join.

BHCU also offers membership to family members, even if they don’t reside in Delaware County.

"Family members" is generously defined as "including your spouse, children, siblings, parents, grandparents, grandchildren, step-children, step-parents, step-siblings and adopted children. Non-related household members can also join."

Joining BHCU can be done online, but opening a CD must be done in-person at either of two Pennsylvania branches located in Glen Mills and Ridley Park.

Credit Union Overview

BHCU (NCUA Certificate # 61387) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 1.22% (excellent) based on June 30, 2015 data. BHCU has an excellent capitalization level of 18.58%, a result of holding $127.75 Million in assets with $23.74 Million in equity. Please refer to our financial overview of BHCU for more details.

Founded in 1952, BHCU was originally established as the Boeing Helicopters Credit Union to serve the employees of Boeing (formerly Vertol) and their families. A recent change to a community-based charter (exclusively serving Delaware County) prompted the name change, dispelling any confusion over membership requirements. Currently, BHCU has over 7,600 members and projects substantial growth based on the field of membership expansion.

How the CDs Compare

When compared to the 335 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available to Pennsylvania residents, BHCU's 50-month CD currently shares the top spot with NASA FCU’s 49-month Share Certificate Special.

When compared to the 340 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available to Pennsylvania residents, BHCU's 62-month CD currently ranks second.

The above rates are accurate as of 10/31/2015.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.

Comments
5.09% 14-Month / 6.66% 62-Month CD at a Pennsylvania CU
The Boeing Helicopters Credit Union has some very high yields on CDs and money market accounts. The best certificate yields range from 5.09% for a 14-month term to 6.66% for a 62-month term. There's even a 5.61% APY for a jumbo 14-month CD ($100K minimum deposit required). The money market account has an APY as high as 4.58% for deposits over $50K. The following is the list of CD interest rates and terms:

CD Term APY APY ($100K min)
14-month 5.09%...


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