Connexus Credit Union Review Bankbest Cd Rates 3 Years

Connexus Credit Union Review 2022

AT A GLANCE

Connexus Credit Union could come across the needs of consumers looking for low-fee banking or an interest checking account with a adequately competitive yield.

Checking

5.0

MMAs

4.6

CDs

4.3

Savings

3.9

Overall

Connexus Credit Marriage has branch locations in the Midwest only offers eolith products and financial services to consumers from declension to declension.

What nosotros similar

The credit union is piece of cake to join for consumers outside of the Midwest region.
Minimum deposit requirements for the savings and checking accounts are either depression or nonexistent.
No monthly service or maintenance fees are charged.
It offers a highly rated mobile app that includes beak pay, mobile check deposit and more.

What we don't

Members don't have many accounts to choose from within each production category.
The yields on savings accounts and money market place accounts with a balance of less than $20,000 are modest.

Checking accounts

OTHER CHECKING OFFERS YOU MAY LIKE

Connexus Credit Union has a few checking account options: a noninterest-begetting Innovative checking account — the product scored for this review, an interest-begetting Xtraordinary checking account and a teen checking account for those 17 and under. None of the accounts charge a monthly fee.

The Innovative account is the credit wedlock'southward basic checking account that requires no minimum balance. Yous'll have admission to more than 54,000 fee-free ATMs, with no reimbursement for any surcharges resulting from use of out-of-network ATMs.

With the Xtraordinary checking business relationship, in that location is an opportunity to qualify for rebates for ATM surcharge fees. Only to earn interest, account holders must enroll in e-statements and spend at least $400 or brand xv purchases using a debit card.

There'southward no minimum deposit to open up a checking account, but each Connexus fellow member is required to open a regular savings account and deposit at least $5.
Xtraordinary checking customers tin can get ATM surcharge fees refunded upwardly to $25 a month.

Xtraordinary account holders must come across certain criteria to earn interest.

Money market accounts

The Connexus money market place account offers tiered almanac percentage yields, providing savers who have bigger balances with college yields. Account holders must deposit at least $1,000 to earn any APY, and balances of $20,000 or more are rewarded with a competitive APY.

Money market place account holders can order checks, only they aren't free. Making more than than four withdrawals in a calendar month results in a $9 fee for each additional withdrawal.

The minimum opening deposit is manageable.
The business relationship pays competitive APYs with a balance of $twenty,000 or more than.
Cheque writing is available.

Larger balances are needed to earn college yields.

CD rates

OTHER CD OFFERS YOU MAY Like

Connexus Credit Union offers several different options for savers interested in CDs. All of the accounts are traditional CDs, and terms range from i to five years. As in most cases, the longer the length of your term at Connexus, the college the APY. Each of the terms offer competitive APYs.

The minimum opening deposit is $5,000. Connexus doesn't offer any specialty certificates, such as a crash-land-up or no-penalty CD.

Each of the five CDs pays a competitive APY.
Connexus offers a decent range of term lengths.

Some savers may find the $5,000 minimum eolith unaffordable.
Connexus doesn't offer whatever specialty CDs.

Savings accounts

Opening a regular savings business relationship is required to maintain membership at Connexus Credit Union. The account charges no monthly fee, and the minimum deposit is just $5. The APY is above the national average, but below what the most competitive banks and credit unions offering. To earn involvement, a minimum daily balance of $100 must be maintained.

In addition to the basic savings account, youth savings and holiday club accounts are also available and pay the same yield.

No monthly fees are charged.
A low minimum eolith is needed to open the account and earn the listed APY.

The savings account yield is depression compared to many other banks.

Bank experience

Connexus Credit Union has several branch locations in Ohio, Wisconsin and Minnesota. At that place are also more than 6,000 shared branches available to members and more than 54,000 surcharge-gratis ATMs accessible through the CO-OP and MoneyPass networks. Members needing help can reach out through the credit union's online live conversation or call 7 a.k. to 7 p.thou. Primal time, Monday-Wed and Friday; 9 a.g. to 7 p.yard., Thursday; and eight a.thou. to one p.m., Saturday.

Connexus members have access to several dissimilar perks, including a free fiscal consultation through the Connexus Investment Services Group program. All members also qualify for $1,000 of accidental death and dismemberment insurance coverage. Other services include debt management planning, housing counseling and online courses well-nigh budgeting, credit scores and homebuying.

Another plus is the admission members have to a highly rated mobile app. Mobile cheque deposit and bill pay are available. Members cannot apply Zelle, but the credit spousal relationship has its own person-to-person payment organisation, and at that place are no fees for sending or receiving payments. Payments are express to x a solar day, up to a total of $one,500.

Almost Connexus Credit Union

Connexus Credit Union offers products and services to 390,000 members across the state. Information technology'south headquartered in Wausau, Wisconsin, and was founded in 1935. The credit union operates a handful of Connexus branches in the Midwest, and members tin can also make transactions at more half dozen,000 additional branches of other credit unions in its network.

Membership at Connexus depends on where y'all live or work and whether you're associated with certain groups. Anyone who doesn't live within ane of the communities Connexus serves can join by becoming a member of the Connexus Association, a nonprofit provider of grants, scholarships and resources to promote fiscal literacy and education.

Karen Bennett @

Karen Bennett is a consumer banking reporter at Bankrate. She uses her finance writing groundwork to help readers acquire more about savings and checking accounts, CDs, and other financial matters. Karen brings decades of writing and reporting experience to the tabular array, including the roles of credit cards writer for travel website Million Mile Secrets and money and career writer for The Cheat Canvas. Her work has also appeared in Usa Today, Illinois Legal Times, and several Chicago, Milwaukee, and Washington, D.C. newspapers. In addition, she's worked in the areas of marketing and business development, and she was product manager for a consumer money-saving website. When she'southward non writing Bankrate manufactures, she can ofttimes be found cheering her kids on at soccer games, cooking and reading up on saving for retirement and other personal finance topics.

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Source: https://www.bankrate.com/banking/reviews/connexus-credit-union/

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