Certificates & IRAs
Secure Deposits
Financial freedom comes from smart moves in savings, and BMI Federal Credit Union has the products and services to help. Certificates and Individual Retirement Accounts (IRAs) are long-term savings products.
These products are designed with your future in mind, for your peace of mind. Whether you are creating a savings for your children, a special event or occasion, or for your long term financial plans, you can enjoy the security of a BMI Federal Credit Union Certificate or IRA.
Share Certificates & IRA Certificates
When you become a member of BMI Federal Credit Union, you can open this account by logging into Online Banking, visiting one of our branches in Dublin, Columbus, or Westerville, or calling us at 614.707.4000.
Certificates & IRAs | BMI Federal Credit Union Central Ohio
| Product |
Term in Months |
Minimum |
Rate |
APY1 |
| 3 Month Share Certificate |
3 Months |
$500 |
0.40% |
0.40% |
| 6 Month Share Certificate |
6 Months |
$500 |
0.60% |
0.60% |
| 12 Month Share Certificate |
12 Months |
$500 |
1.10% |
1.10% |
| 18 Month Share Certificate |
18 Months |
$500 |
1.19% |
1.20% |
| 24 Month Share Certificate |
24 Months |
$500 |
1.29% |
1.30% |
| 30 Month Share Certificate |
30 Months |
$500 |
1.34% |
1.35% |
| 36 Month Share Certificate |
36 Months |
$500 |
1.54% |
1.55% |
| 42 Month Share Certificate |
42 Months |
$500 |
1.64% |
1.65% |
| 48 Month Share Certificate |
48 Months |
$500 |
1.84% |
1.85% |
| 54 Month Share Certificate |
54 Months |
$500 |
2.03% |
2.05% |
| 60 Month Share Certificate |
60 Months |
$500 |
2.23% |
2.25% |
Rates effective 8:00 am on Tuesday, October 16, 2018
1 APY = Annual Percentage Yield. Rates are subject to change without notice. Fees such as a penalty for early withdrawal may reduce earnings.
Certificate Specials
To ensure our rates remain competitive, our certificate specials are offered for a limited time.
Certificates & IRAs | BMI Federal Credit Union Central Ohio
| Product |
Term in Months |
Minimum |
Rate |
APY1 |
| 13 Month Share Certificate++ |
13 Months |
$5,000 |
2.68% |
2.71% |
| 19 Month Share Certificate++ |
19 Months |
$5,000 |
2.77% |
2.80% |
| 25 Month Share Certificate++ |
25 Months |
$5,000 |
2.87% |
2.90% |
| 31 Month Share Certificate++ |
31 Months |
$5,000 |
2.92% |
2.95% |
| 37 Month Share Certificate++ |
37 Months |
$5,000 |
2.97% |
3.00% |
| 43 Month Share Certificate++ |
43 Months |
$5,000 |
3.02% |
3.05% |
| 49 Month Share Certificate++ |
49 Months |
$5,000 |
3.07% |
3.11% |
| 55 Month Share Certificate++ |
55 Months |
$5,000 |
3.12% |
3.16% |
| 61 Month Share Certificate++ |
61 Months |
$5,000 |
3.16% |
3.20% |
Rates effective 8:00 am on Tuesday, October 16, 2018
1 APY = Annual Percentage Yield. Rates are subject to change without notice. Fees such as a penalty for early withdrawal may reduce earnings.
++ Loyalty Rewards cannot be added to these rates.
Bump Certificates
Bump Certificates are two or three year certificates with an opportunity to 'bump' up your dividend rate to the current rate.
Certificates & IRAs | BMI Federal Credit Union Central Ohio
| Product |
Term in Months |
Minimum |
Rate |
APY1 |
| 24 Month Bump Certificate ++ |
24 Months |
$500 |
1.19% |
1.20% |
| 36 Month Bump Certificate++ |
36 Months |
$500 |
1.44% |
1.45% |
Rates effective 8:00 am on Tuesday, October 16, 2018
1 APY = Annual Percentage Yield. Rates are subject to change without notice. Fees such as a penalty for early withdrawal may reduce earnings.
++ Loyalty Rewards cannot be added to these rates.
Youth Certificates
To ensure our young members have a healthy financial future, encourage smart money moves now. Our Youth Certificate is available for ages 0-17, allowing them to maintain their own savings Certificate. They must have their own account number. BMI FCU members can open this account over the phone or in a branch.
Certificates & IRAs | BMI Federal Credit Union Central Ohio
| Product |
Term in Months |
Minimum |
Rate |
APY1 |
| Youth Certificate |
12 Months |
$200 |
1.45% |
1.46% |
Rates effective 1:00 pm on Wednesday, September 19, 2018
1 APY = Annual Percentage Yield. Rates are subject to change without notice. Fees such as a penalty for early withdrawal may reduce earnings.
IRA Options
We offer Traditional, Roth, and SEP IRAs, as well as Education Savings Accounts (ESA). For your safety and peace of mind, our IRA and ESA products are federally insured for $250,000 per account. Each member receives an additional $250,000 in Excess Share Insurance for a total of $500,000 in deposit protection.
IRA Retirement CentralInterested in learning more about IRAs? Whether you have been given your first 401k, or thinking about your long-term financial plans, IRA Retirement Central can help you!
BMI Federal Credit Union could not succeed without the loyalty of our members, so we have introduced Loyalty Rewards. Rewards are based on a combined loan and deposit balance, and can earn reduced loan rate, increased dividends, and other perks for services.