Bethpage Federal Credit Union Review 2024
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At a glance
![Bethpage Federal Credit Union logo](https://www.brimg.net/system/img/inst/9361_hires_logo_2x.png)
CDs
Checking
Savings
MMA
About Bankrate Score
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
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
![Bank logo](https://www.brimg.net/system/img/inst/6596_hires_logo_2x.png?width=95)
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
![Bank logo](https://www.brimg.net/system/img/inst/12004_hires_logo_2x.png?width=95)
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
![Bank logo](https://www.brimg.net/system/img/inst/11844_hires_logo_2x.png?width=95)
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
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
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Bethpage FCU offers a comprehensive slate of deposit and loan products.
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There are no restrictions for membership.
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Members have access to free financial education resources, including financial counseling.
Cons
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The yields tied to some deposit accounts are fairly competitive, but other banks pay more interest.
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Branch access outside of Long Island is limited.
Bethpage Federal Credit Union banking products
APY last updated between 8/19 and 8/25.
Bethpage Federal Credit Union savings overview
Pros
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The Regular Savings account requires only a balance of $5.
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It also doesn’t charge a monthly service fee.
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Bethpage offers two accounts for young savers.
Cons
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The yield for the standard savings account is low compared with other options.
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See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Bethpage Federal Credit UnionAPYAPY last updated between 8/19 and 8/25.APYAPY last updated between 8/19 and 8/25.National average APYHow 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.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
This is a sponsored offer rated 4 stars or higher for competitive rate, fees, and minimums.
![Bank logo](https://www.brimg.net/system/img/inst/6596_hires_logo_2x.png?width=130)
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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 Aug. 19, 2024 and Aug. 25, 2024.
Selected bank
Bethpage Federal Credit Union savings account
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Bankrate score
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
EverBank savings account
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Bankrate score
5.0
Bankrate Savings rating = 5.0/5 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. |
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. |
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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 Aug. 19, 2024 and Aug. 25, 2024.
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5.35% | 5.05% | |
Minimum balance for APY
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$0.00 | $0.00 | |
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.
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$2,675 | $2,525 | |
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 EverBank Performance℠ Savings account earns a competitive yield on all balances. The account comes without monthly fees or minimum balance requirements. There is also no minimum opening requirement, making the account highly accessible to everyone. | |
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N/A
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N/A
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Bankrate does not currently track additional product details for this bank.
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APY offering:
5.05%
5/5
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:
$0.00
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.
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Bankrate does not currently track additional product details for this bank.
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Review methodology
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.
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