4.00% 24-Month CD at Warren FCU in Wyoming

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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. These rates are listed at the credit union's rate table as of 1/14/2009.

There's also a competitive 30-month CD listed with an APY of 3.75% as of 1/14/2009. According to the rate table, it's an expandable CD that allows additional deposits. Add-on CDs can be a good hedge against a long low-rate environment.

The credit union also has a reward checking account that currently pays 5.01% APY on balances up to $25K (see post).

Membership is open to those who live, work, and worship or attend school within Warren FCU's Investment Area inside the city of Cheyenne. You can also be eligible to join via a long list of Select Employer Groups. Please refer to the credit union's field of membership page and SEG page for more details. Membership requires a minimum balance of $5 in the share savings account.

Branches are located in Cheyenne, Wyoming and Wellington, Colorado.

The credit union is federally insured by the NCUA (Charter # 7361).

Edit 12:55pm PT 1/14/09: Added FOM.
Comments
Anonymous
Anonymous   |     |   Comment #1
Looks good, but membership is limited to locals (which is wht credit unions are supposed to be about, but still....)
http://www.warrenfcu.com/membership/ways-to-join.html
Banking Guy
Banking Guy (anonymous)   |     |   Comment #2
Thanks. I forgot to copy in the field of membership info. It's in there now.
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:
  • 10 VISA check card purchases
  • 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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5.25% 17-Month CD at a Wyoming CU
Warren Federal Credit Union is offering a 5.25% APY 17-month certificate of deposit. There's a $25K minimum balance requirement and at least 50% of the deposit must be new money. You may also be able to get a free gift when you apply for this CD with this Valpak coupon. This free gift deal expires 2/25/2006.

The credit union's field of membership includes those who live in areas of Cheyenne, Wyoming. There is also a large list of Select Employee Groups. The credit union has four branches in Cheyenne and one...

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