Weekly Rate Spotlight - WYMAR Federal Credit Union Offering 2.27% APY 24-Month CD

Weekly Rate Spotlight - WYMAR Federal Credit Union Offering 2.27% APY 24-Month CD

Rate information contained on this page may have changed. Please find latest cd rates.

Wymar Federal Credit Union is offering its members a 24-month CD that pays 2.27% APY.

Wymar Federal Credit Union is offering its members a 24-month CD that pays 2.27% APY. That's a pretty good rate nowadays for a 5-year CD, nevermind a 2 year one. For comparison purposes, the average 1-year CD nationally pays 0.55% and the average 5-year CD pays 1.50% APY.

That's the good news. Now, the bad news. Wymar has a pretty restrictive field of membership. Credit Unions are allowed to restrict who can join to certain organizations, geographies, places of workship, or other criteria. Wymar membership is open to:

  • 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

Not all credit unions are this restrictive. Last week, I reviewed Fredercia Federal Credit and they allow anyone to join.

If you do quality, the credit union looks financially strong. Wymar FCU was established in 1958 and operates one branch in Geismer, LA. The credit union has a low Texas Ratio (learn more about the Texas Ratio) of 4.71% versus the national average of 10.34% (the lower the Texas Ratio the better). Wymar holds $67.66 million in assets.

Wymar is NCUA insured, the credit union equivalent of FDIC insurance. That means that your money is insured up to $250,000 per person.

If you don't quality to become a member of Wymar FCU, BestCashCow can help you find a great rate in your area.

New - Email Rate Updates for BestCashCow Readers

Users can now register to receive the best bank rates via email every Monday. You can choose to either receive the best rates for banks across the country, or you can receive the best rates for your state. You can cancel delivery at any time and also login to change which product rates you receive for which state. This email service is free. You can register for the service here.

I hope to eventually also have the weekly rate updates go out via this email service.

Previous Weekly Rate Deals

Check back next Monday for a new bank deal. Email any deals you know about to ratedeal (at) bestcashcow.com. Feel free to also share them below. If you're a bank and have a great deal not listed on BestCashCow, register for access and add the deal to the site.

New- Remember, to receive FREE weekly emails updates with the best bank rates for your state, click here to register.

Image: Image courtesy of David Castillo Dominici at FreeDigitalPhotos.net

Reviews

Add your Review