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

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.

Find other great CD rates in your local area.
Learn about the differences between a bank and a credit union.

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Today's Highest Online CD Rates

Bank	Product Term	Interest Rate (APY)
First Foundation Bank	1-Year	4.60% APY with $2,500 minimum
Canadian Imperial Bank USA	1-Year	4.56% APY with $25,000 minimum
TotalDirect, a division of City National Bank of Florida	1-Year	4.50% APY with $25,000 minimum
Navy Federal Credit Union	3-Year	4.05% APY with $100,000 minimum
Sallie Mae Bank	3-Year	4.00% APY with $2,500 minimum
Colorado Federal Savings Bank	3-Year	3.95% APY with $5,000 minimum
Synchrony Bank	5-Year	4.00% APY with no minimum
M.Y. Safra Bank	5-Year	3.90% APY with $500 minimum
Sallie Mae Bank	5-Year	3.85% APY with $2,500 minimum

Bank

Product Term

Interest Rate (APY)

First Foundation Bank

1-Year

4.60% APY with $2,500 minimum

Canadian Imperial Bank USA

1-Year

4.56% APY with $25,000 minimum

TotalDirect, a division of City National Bank of Florida

1-Year

4.50% APY with $25,000 minimum