At a glance

4.1

Bankrate Score

CDs

Checking

Savings

MMA

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Overview

Bethpage Federal Credit Union is ideal for Long Island residents who want access to branches, low-cost loans and competitive rates on deposit products.

Highlights

Low Min Balance
Reward Checking

Overall

Bethpage Federal Credit Union, the largest credit union in New York state, is a full-service banking institution. All of its deposit accounts are insured up to $250,000 through the National Credit Union Administration.

Pros

Bethpage FCU offers a comprehensive slate of deposit and loan products.
There are no restrictions for membership.
Members have access to free financial education resources, including financial counseling.

Cons

The yields tied to some deposit accounts are fairly competitive, but other banks pay more interest.
Branch access outside of Long Island is limited.

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Bethpage Federal Credit Union banking products

3.0

/5

See methodology Compare savings rates

SCORE BREAKDOWN

APY offering:

0.10%

1/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.

Minimum balance for APY:

$5.00

5/5

The lowest deposit amount an account must have before it can earn interest.

Monthly service fee:

$0.00

5/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$0.00

5/5

The lowest balance an account must maintain in order to avoid a fee.

Access to funds:

Great

5/5

A procedure that allows an individual or organization to access and manage the funds of another account holder.

FEATURES

0.10% APY

APY last updated between 11/15 and 11/21.

$5 minimum balance for APY

$5 minimum deposit to open

Bethpage Federal Credit Union savings overview

Bethpage Federal Credit Union's Savings account pays a rock-bottom APY that’s much lower than the national average. The account requires only a $5 deposit to open and doesn’t charge a monthly service fee.

Pros

The Regular Savings account requires only a balance of $5.
It also doesn’t charge a monthly service fee.
Bethpage offers two accounts for young savers.

Cons

The yield for the standard savings account is low compared with other options.

Rate history for Bethpage Federal Credit Union's Savings account

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Bethpage Federal Credit Union

APY

APY last updated between 11/15 and 11/21.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Bethpage Federal Credit Union

APY

APY last updated between 11/15 and 11/21.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

4.5

/5

See methodology Compare CD rates

SCORE BREAKDOWN

APY offering:

3.00%

4/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less.

Minimum deposit:

$50.00

5/5

The minimum deposit amount a financial institution requires in order to open a CD.

Range of term lengths:

3 mos – 5 yrs

5/5

A designated amount of time that funds must be held within a CD.

Early withdrawal penalty:

Good

4/5

A penalty incurred when funds have been withdrawn from a CD before its maturity date.

Offer no-penalty or bump-up CDs:

Yes

5/5

A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date.

Offer IRA CDs:

Yes

5/5

An IRA account which consists of CDs that typically earns fixed interest over a specified period of time.

FEATURES

1.75% – 3.25% APY

APY last updated between 11/15 and 11/21.

$50 minimum balance for APY

$50 minimum deposit to open

3 months – 5 years

Bethpage Federal Credit Union CD overview

Bethpage Federal Credit Union offers several traditional share certificates with various terms. It also offers special certificates, including a 39-month bump-up certificate. The minimum deposit for all certificate options is $50. Yields across all terms are highly competitive, particularly on shorter terms, where the credit union ranks among one of the highest.

Pros

Only a $50 deposit is needed to open an account.
The credit union offers a bump-up certificate.
Bethpage FCU offers a variety of CD terms.

Cons

Some online banks have slightly higher APYs on CDs.

Rate history for Bethpage Federal Credit Union's CD accounts

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Bethpage Federal Credit Union

APY

APY last updated between 11/15 and 11/21.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Bethpage Federal Credit Union

APY

APY last updated between 11/15 and 11/21.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

Compare Offer

Bethpage Federal Credit Union money market overview

The Bethpage Money Market account is a tiered account, meaning higher balances earn higher yields. But the APYs on the various tiers aren't competitive; customers can easily find higher yields with lower deposit requirements. At least $500 is required to earn a more robust rate.

The account charges no fees and comes with the ability to write checks.

Similar to the credit union’s checking account, a one-time $5 deposit into a Bethpage savings account is required to open a money market account.

Pros

The money market account pays an above-average APY.
The account is fee-free and offers check writing.

Cons

Some banks offer higher MMA rates.

4.6

Bankrate Score

Compare top checking rates

Bethpage Federal Credit Union checking overview

Bethpage Federal Credit Union offers a free checking account with the ability to earn interest. You can open it with a $5 initial deposit into a Bethpage savings account.

The checking account has no monthly service fee but requires customers to enroll in online banking, make direct deposits and use their debit cards at least 10 times per month to earn interest. Bonus Checking also features no minimum balance requirement. There is, however, a high overdraft fee of $30 for checks and ACH transactions and $10 for debit card transactions.

Bethpage is a part of the CO-OP ATM network, offering customers free access to more than 30,000 ATMs nationwide. The credit union also offers Zelle as an option for making person-to-person payments.

Pros

The checking account is free with the ability to earn interest.
There’s no monthly service fee or minimum balance requirement.
Customers have free access to over 30,000 CO-OP ATMs.

Cons

The account charges a high overdraft fee.

Compare Offer

Bank experience

Bethpage Federal Credit Union shines in a number of areas. Not only does the credit union give members access to more than 30,000 free ATMs, it also offers numerous budgeting tools online and in its app. Bethpage lets you do everything from searching transactions to creating a budget to checking your balance on your Apple Watch.

Customer-service representatives can be reached from 7:30 a.m. to 7 p.m. Eastern time, weekdays, and 8 a.m. until 2 p.m. on Saturday. Accounts can also be accessed virtually anytime online.

About Bethpage Federal Credit Union

Bethpage Federal Credit Union offers a full selection of deposit and lending products to its more than 400,000 members. Membership is open to any U.S. citizen who deposits $5 into a share (savings) account. While its branches are located in New York City and Long Island, members can manage their accounts at shared branches throughout the U.S. or from anywhere online.

How Bethpage Federal Credit Union compares to other banks

Compare different account types offered by Bethpage Federal Credit Union. Annual percentage yields (APYs) shown were updated between Nov. 15, 2024 and Nov. 21, 2024.

Selected bank Bethpage Federal Credit Union savings account NCUA Insured Bankrate score Rating: 3 stars out of 5 3.0 Bankrate Savings rating = 3.0/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.	Most comparable Connexus Credit Union savings account NCUA Insured Bankrate score Rating: 2.9 stars out of 5 2.9 Bankrate Savings rating = 2.9/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: Bankrate score Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Nov. 15, 2024 and Nov. 21, 2024.
0.10%	0.10%
Minimum balance for APY
$10,000.00	$100.00
Estimated earnings Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
$50	$50

Bethpage Federal Credit Union's Savings account pays a rock-bottom APY that’s much lower than the national average. The account requires only a $5 deposit to open and doesn’t charge a monthly service fee.	The Connexus savings account is required to maintain membership in the credit union. Customers must maintain a minimum daily balance of $100 to earn interest, which is very low. There’s a $5 minimum balance requirement.

The Regular Savings account requires only a balance of $5 It also doesn’t charge a monthly service fee Bethpage offers two accounts for young savers	There are no monthly fees. Customers need just $100 to start earning interest.	N/A
The yield for the standard savings account is low compared with other options	There’s a $5 minimum balance requirement. Connexus’ savings account earns a very low yield. There’s a $5 per month inactivity fee.	N/A

APY offering: 0.10% 1/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. Minimum balance for APY: $5.00 5/5 The lowest deposit amount an account must have before it can earn interest. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account if certain requirements are not met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain in order to avoid a fee. Access to funds: Great 5/5 A procedure that allows an individual or organization to access and manage the funds of another account holder.	APY offering: 0.10% 1/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. Minimum balance for APY: $100.00 4/5 The lowest deposit amount an account must have before it can earn interest. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account if certain requirements are not met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain in order to avoid a fee. Access to funds: Great 5/5 A procedure that allows an individual or organization to access and manage the funds of another account holder.	APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. The lowest deposit amount an account must have before it can earn interest. A monthly charge a financial institution deducts from an account if certain requirements are not met. The lowest balance an account must maintain in order to avoid a fee. A procedure that allows an individual or organization to access and manage the funds of another account holder. Bankrate does not currently track additional product details for this bank.

Selected bank Bethpage Federal Credit Union CD NCUA Insured Bankrate score Rating: 4.5 stars out of 5 4.5 Bankrate CD rating = 4.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score.	Most comparable Vio Bank CD Member FDIC Bankrate score Rating: 0 stars out of 5 N/A Bankrate CD rating = 0.0/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: Bankrate score Bankrate CD rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Nov. 15, 2024 and Nov. 21, 2024.
3.00%	4.00%
Minimum deposit
$50.00	$500.00
Term
1 yr	1 yr

Bethpage Federal Credit Union offers a wide array of CDs, with terms ranging from three months to five years. Yields range from solid to high, and there is one bump-up CD option, which allows customers to increase their yield once during the CD’s term. All CDs can be opened with just $50.	Vio Bank is an online bank that offers competitive yields on its CDs and you’ll only need $500 to open one. Nearly every term you’d need for a CD ladder is available. It's one of the few banks that offers a 10-year CD.

Only $50 is required to open a Bethpage CD. All CDs come with solid yields, including one top-notch rate. The credit union offers a bump-up CD.	With a 10-year CD, Vio Bank has some of the longest CD terms around. Vio Bank offers a competitive yield on most of its CDs.	N/A
Some banks and credit unions offer top-notch yields on all CD terms.	Vio Bank doesn’t offer CDs with a term of less than six months. Vio Bank doesn’t offer a no-penalty CD.	N/A

APY offering: 3.00% - 1 yr 4/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less. Minimum deposit: $50.00 5/5 The minimum deposit amount a financial institution requires in order to open a CD. Range of term lengths: 3 mos - 5 yrs 5/5 A designated amount of time that funds must be held within a CD. Early withdrawal penalty: Good 4/5 A penalty incurred when funds have been withdrawn from a CD before its maturity date. Offer no-penalty or bump-up CDs: Yes 5/5 A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date. Offer IRA CDs: Yes 5/5 An IRA account which consists of CDs that typically earns fixed interest over a specified period of time.	APY offering: 4.00% - 1 yr 4/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less. Minimum deposit: $500.00 5/5 The minimum deposit amount a financial institution requires in order to open a CD. Range of term lengths: 6 mos - 5 yrs 4/5 A designated amount of time that funds must be held within a CD. Early withdrawal penalty: Subpar 2/5 A penalty incurred when funds have been withdrawn from a CD before its maturity date. Offer no-penalty or bump-up CDs: No 0/5 A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date. Offer IRA CDs: No 0/5 An IRA account which consists of CDs that typically earns fixed interest over a specified period of time.	APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less. The minimum deposit amount a financial institution requires in order to open a CD. A designated amount of time that funds must be held within a CD. A penalty incurred when funds have been withdrawn from a CD before its maturity date. A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date. An IRA account which consists of CDs that typically earns fixed interest over a specified period of time. Bankrate does not currently track additional product details for this bank.

Selected bank Bethpage Federal Credit Union money market account NCUA Insured Bankrate score Rating: 3.4 stars out of 5 3.4 Bankrate Money Market rating = 3.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.	Most comparable CIBC Bank USA money market account Member FDIC Bankrate score Rating: 2.5 stars out of 5 2.5 Bankrate Money Market rating = 2.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: Bankrate score Bankrate Money Market rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Nov. 15, 2024 and Nov. 21, 2024.
0.60%	0.25%
Minimum balance for APY
$50,000.00	$10,000.00
Estimated earnings Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
$300	$125

The Bethpage Money Market account is a tiered account, meaning higher balances earn higher yields. But the APYs on the various tiers aren't competitive; customers can easily find higher yields with lower deposit requirements. At least $500 is required to earn a more robust rate. The account charges no fees and comes with the ability to write checks. Similar to the credit union’s checking account, a one-time $5 deposit into a Bethpage savings account is required to open a money market account.	The CIBC Bank USA Agility Savings Account offers a very competitive yield. There’s no monthly fees, although you’ll need to have at least $1,000 to open an account.

The money market account pays an above-average APY The account is fee-free and offers check writing	You won’t pay a monthly service fee with CIBC’s Agility savings account. You’ll earn a very competitive yield with this account.	N/A
Some banks offer higher MMA rates	A $1,000 minimum opening deposit is required to open the CIBC Agility Savings account.	N/A

APY offering: 0.60% 2/5 APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. Minimum balance for APY: $500.00 4/5 The lowest deposit amount an account must have before it can earn interest. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account if certain requirements are not met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain in order to avoid a fee. Check writing: Yes 5/5 The ability to write a certain amount of checks within a statement cycle. Debit/ATM access: Good 4/5 The ability to withdraw funds from an account through the use of debit or ATM card	Bankrate does not currently track additional product details for this bank.	APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. The lowest deposit amount an account must have before it can earn interest. A monthly charge a financial institution deducts from an account if certain requirements are not met. The lowest balance an account must maintain in order to avoid a fee. The ability to write a certain amount of checks within a statement cycle. The ability to withdraw funds from an account through the use of debit or ATM card Bankrate does not currently track additional product details for this bank.

Learn more: The best banks of 2024

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

Bethpage Federal Credit Union Review 2024

The Bankrate promise

At a glance

Overview

Highlights

Overall

Pros

Cons

We want to know what you think about Bethpage Federal Credit Union

Bethpage Federal Credit Union banking products

Bethpage Federal Credit Union savings overview

Pros

Cons

Rate history for Bethpage Federal Credit Union's Savings account

Bethpage Federal Credit Union CD overview

Pros

Cons

Rate history for Bethpage Federal Credit Union's CD accounts

Bethpage Federal Credit Union money market overview

Pros

Cons

Bethpage Federal Credit Union checking overview

Pros

Cons

Bank experience

About Bethpage Federal Credit Union

How Bethpage Federal Credit Union compares to other banks

Review methodology

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