Beacon Federal Bank has a number of competitive CD rates available, including a 2.45% APY bump up CD for a 24-month term. There is also a 2.25% APY CD for an 18-month term. The minimum deposit required to open a CD is $2,500. Here are some details about their bump up CD:
- Allows for a one time increase in the CD rate during the term
- The maturity date will remain the same
- Anyone can open a CD, but you need to become a member
- Two forms of ID are required
- IRA CDs are also available
The bank currently has mixed reviews for financial safety, including a strong rating from BauerFinancial and a questionable rating from Bankrate.
For more of the best CD rates updates, visit with Go Banking Rates. We'll start you on the path to saving.