bank rates

Connexus Has Three Top CD Rates

We’ve seen big turnover in the top CD rates in the last few months. All the while, Connexus Credit Union has kept its rates unchanged.

It beats top nationally available deals on 6-, 12- and 60-month CD rates.In fact, Connexus is offering its members three CD rates that top the best nationally available deals, although there’s a small catch.

Connexus is paying 1.50% APY on 6-month certificates of deposit, 1.75% APY on 12-month CDs and 3% APY on 60-month CDs, all with a minimum deposit of $10,000.

That’s nearly a half point better than you can earn with the best nationally available 6-month CDs and a quarter point better than the top 12-month CDs.

Its 60-month CD rate is just a bit better than Melrose Credit Union’s 2.93% APY.

Connexus has three branches in Wausau, Wis., and three more in New Hampshire and Ohio.

Membership is open to anyone who joins the Connexus Association, which supports educational and charitable efforts.

A one-time donation of $5 or more will get you into the association, and another $5 will cover the credit union’s membership fee.

This alone wouldn’t preclude Connexus from joining our CD Rates Leaderboard.

However, to qualify for these CD rates members must have what the Connexus calls an “active” checking account, which means they’re making at least one direct deposit and 10 payments by debit card or check each month.

You can compare these returns with the best CD rates from scores of banks in our database.

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Comments (1)
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One Existing Comment
  1. Mike Cetera said:
    on May 24th at 01:07 pm

    These rates are good as of May 24, 2011.