BOPTI Federal Credit Union offers their top savings interest rates through their share savings accounts. This money in the bank opportunity is tiered in the following manner:

• $25 to $4,999                     1.26% APY
• $5,000 to $9,999             1.38% APY
• $10,000 to $24,999        1.51% APY
• $25,000 to $49,999        1.76% APY
• $100K or more                   2.27% APY

The high yield savings account has very competitive interest rates even when you compare it to online banks and other credit unions.

Membership to this credit union though is quite limited. Membership to BOPTI Federal Credit Union is open to the employees of the Bureau of Prisons and commissioned officers of the Public Health Service who are working for certain facilities of the BOP. You can check out their membership page to see the specific institutions but they are spread thru California, Arizona, Georgia, Minnesota, Ohio, South Carolina, Texas, Tennessee, West Virginia, Alabama, Hawaii, Oregon, Kentucky, Washington, Mississippi, and Wisconsin.

You may also be able to join if you are a spouse, child, sibling, parent, grandparent, or grandchild of a potentila or current member of BOPTI Federal Credit Union.

You can get an application form from a BOPTI FCU office or through an office with a credit union representative. Mail the completed form to the credit union and issue $26. The $25 will be used to open your share savings account. You need to maintain this account to retain membership. The $1 is a service charge for opening an account.

This credit union holds headquarters in FCI Terminal Island in California. They have representatives in the states we mentioned above. You can call their customer service line through 1800-397-9227.

Deposits with the BOPTI Federal Credit Union is protected by an NCUA insurance.