WYMAR Federal Credit Union certificate of deposit rates
WYMAR Federal Credit Union currently offers some of the highest CD rates in the country (Thanks to BankVibe reader John for forwarding a link to their CD rates page). At first glance these rates look like a glimpse back in time to about 6 months ago when 3% CD rates were commonplace for short-term maturities. However…
Before I list their unbelievable rates I would just like to point out that, according to their rates page, these rates were last updated in April ’09, so there is a slight chance that they could be out of date and the employees at the credit union simply forgot to update this page. Hopefully that is not the case.
WYMAR Federal Credit Union CD Rates:
(as seen on their rates page)
| Regular CDs |
Term
|
Rate
|
APY*
|
| $5,000.00 – $74,999.99 |
3 Months
|
2.75%
|
2.79%
|
|
6 Months
|
3.00%
|
3.04%
|
|
|
12 Months
|
3.25%
|
3.30%
|
|
|
24 Months
|
3.50%
|
3.56%
|
|
|
36 Months
|
3.50%
|
3.56%
|
|
|
48 Months
|
3.50%
|
3.56%
|
|
|
60 Months
|
3.50%
|
3.56%
|
|
 |
|||
| $75,000.00 – $100,000.00 |
3 Months
|
3.00%
|
3.04%
|
|
6 Months
|
3.25%
|
3.30%
|
|
|
12 Months
|
3.50%
|
3.56%
|
|
|
24 Months
|
3.75%
|
3.82%
|
|
|
36 Months
|
3.75%
|
3.82%
|
|
|
48 Months
|
3.75%
|
3.82%
|
|
|
60 Months
|
3.75%
|
3.82%
|
|
Compare these rates to some of the larger national banks’ CD rates and you will see why we have a hunch they could be outdated.
Who can join WYMAR Federal Credit Union?
Field of membership is limited to the following individuals:
- Employees of BASF Corporation who work in Geismar, Louisiana and members of their immediate family
- Employees of this credit union and members of their immediate family
- Un-remarried spouses of persons who died while within the field of membership of this credit union
- Persons retired as pensioners or annuitants from BASF Corporation
- Organizations of such persons
Immediate family member eligibility is limited to:
- Spouse
- Children
- Grandchildren
- Relatives by blood or marriage living under the same roof in the same household
- Daughters-in-law, sons-in-law, and grandchildren living under the same roof in the same household with children who are eligible members of this credit union.
Contact WYMAR Federal Credit Union for further details.
July 6th, 2009 at 6:53 pm
Those rates are WAAAAY too high. I emailed them even though I wont be able to invest anyway because Im from Texas. If those are current rates then damn