Please ensure Javascript is enabled for purposes of website accessibility

This device is too small

If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.

Skip to main content
Advertiser Disclosure Many of the offers that appear on this site are from companies from which The Motley Fool receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear), but our reviews and ratings are not influenced by compensation. We do not include all companies or all offers available in the marketplace.
    |    Accessibility Options

Connexus Credit Union Share CD Rates for 2024

Review Updated
Matt Frankel, CFP®
By: Matt Frankel, CFP®
Matt Frankel, CFP®
Matt Frankel, CFP®
Writer, Analyst

Matt is a Certified Financial Planner™ and investment advisor based in Columbia, South Carolina. He writes personal finance and investment advice for The Ascent and its parent company The Motley Fool, with more than 4,500 published articles and a 2017 SABEW Best in Business award. Matt writes a weekly investment column ("Ask a Fool") that is syndicated in USA Today, and his work has been regularly featured on CNBC, Fox Business, MSN Money, and many other major outlets. He’s a graduate of the University of South Carolina and Nova Southeastern University, and holds a graduate certificate in financial planning from Florida State University.

See Full Bio

Our Banking Expert

Nathan Alderman
Check IconFact Checked Nathan Alderman
Nathan Alderman
Nathan Alderman
Fact checker

Nathan Alderman has worked with The Motley Fool since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As The Ascent's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.

See Full Bio

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

The Connexus Credit Union Share CD is a competitive high-yield time deposit product that can be easily opened online. They could be a good fit for savers with relatively large amounts of money who are looking to maximize the yield on money they won't need anytime soon.

In this in-depth expert review, we'll take a look at the certificates offered by Connexus Credit Union, the pros and cons of these accounts, and whether they might be a good fit for you.

Connexus Credit Union Share CD rates for 2024

Rates as of June 7, 2024

APY = Annual Percentage Yield

Offer image for Connexus Credit Union Share CD
Connexus Credit Union Share CD
Bottom Line

Connexus Credit Union Certificates (the equivalent of a standard CD) are available in five different term lengths in one-year intervals ranging from 12 months to 60 months. The APYs offered on its certificates are highly competitive, especially for its 12-month certificate.

MINIMUM DEPOSIT $5,000
1 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
Up to 4.81 Up to 4.56% Up to 4.26% Up to 3.96% Up to 3.56%

Compare Connexus Credit Union Share CD rates

Connexus Credit Union offers five CD term lengths, and they all come in standard as well as jumbo (high balance) certificates. All of its APYs are highly competitive, and this is especially true for the 12-month CD term length.

Compare some other CD rates and terms available now:

Rates as of June 7, 2024
Bank & CD Offer APY Term Min. Deposit Next Steps
APY: 4.70% Term: 1 Year Min. Deposit:  $2,500
Open Account for Discover® Bank CD
APY: 5.25% Term: 1 Year Min. Deposit:  $1
Open Account for
APY: 5.10% Term: 9 Months Min. Deposit:  $1
Open Account for

Connexus Credit Union Share CD review

Connexus Credit Union offers some of the most competitive APYs on our radar for CD accounts, and there are two main varieties -- standard certificates and bump-up certificates. We'll look at each one in this section.

It's worth noting that Connexus Credit Union's product is officially known as a "share certificate," not a certificate of deposit, or CD -- although we may refer to them as CDs for simplicity. These are essentially the same product, although share certificates are offered by credit unions, while CDs are offered by for-profit banks. One key difference to note is that CDs are insured by the FDIC, while share certificates are insured by the National Credit Union Administration, or NCUA, which is the credit union equivalent, and have the same $250,000 limit per person, per institution.

In order to open a Connexus Credit Union certificate, you need to be a member, but joining is quick and easy. If you don't belong to one of the eligible groups, you can also join by making a one-time $5 donation to the charitable Connexus Association.

Connexus Credit Union Certificates

Connexus Credit Union Certificates (the equivalent of a standard CD) are available in five different term lengths in one-year intervals ranging from 12 months to 60 months. The APYs offered on its certificates are highly competitive, especially for its 12-month certificate.

PROS

  • Competitive APYs
  • Jumbo certificates available
  • Dividends can be paid to you

CONS

  • Shortest term is 12 months
  • High minimum deposit

The certificates come in two tiers -- standard and jumbo. Jumbo certificates require a minimum deposit of $100,000 and offer a 25-basis-point (0.25%) higher APY than the standard certificates across the five maturity terms. However, it's important to be aware that Connexus Credit Union's standard certificates have a $5,000 minimum opening deposit, which might make them not ideal for someone new to the world of CDs, and could be especially prohibitive if you're looking to build a CD ladder of different maturities.

It's also important to realize that while many other banks and credit unions offer shorter-term certificates, the shortest maturity term offered by Connexus Credit Union is 12 months. So, if you're looking for something like a 6-month or 9-month certificate, you'll need to look elsewhere.

Connexus Credit Union could be an especially great choice for income investors. Dividends (interest) are compounded and credited quarterly, and account owners have the option to have them paid out as they arrive.

Connexus Credit Union Bump-Up Certificate

In addition to its standard share certificates, Connexus Credit Union also offers a Bump-Up Certificate, which can be a great choice for people who might be worried about interest rates rising even further.

PROS

  • Protection against rising rates
  • Competitive APY

CONS

  • Only offered in one term length
  • APY is lower than standard 24-month CD

If you aren't familiar with bump-up CDs, the basic idea is that you can lock in a certain APY for the entire maturity term of a CD, just like with standard CDs. However, you have the option to "bump up" the rate once during the term, to whatever the bank's current advertised APY is. For example, if you open a bump-up CD with a 4% APY and a 24-month term, and 12 months later the bank is offering 5% APY on its bump-up product, you can choose to have the rate increased to that one. In a nutshell, you get a combination of a guaranteed APY and protection if rates rise.

Connexus Credit Union's Bump-Up Certificate comes in only one term length (24 months), and offers a competitive APY. However, the APY on the Bump-Up Certificate will be significantly lower than that of a standard certificate to compensate for the ability to bump up the rate.

Who is a Connexus Credit Union Share CD right for?

A Connexus Credit Union Share CD is a good fit for people with at least $5,000 to open an account and who are looking to maximize the yield from their long-term savings.

Bottom line: Connexus Credit Union Share CD rates

Connexus Credit Union Share CD
  • 12 APY: Up to 4.81
  • 24 APY: Up to 4.56%
  • 36 APY: Up to 4.26%
  • 48 APY: Up to 3.96%
  • 60 APY: Up to 3.56%
Show All Rates [+] Hide All Rates [-]
Rates as of June 7, 2024

APY = Annual Percentage Yield

Term
Connexus Credit Union Share CD
1 Yr.
2 Yr.
3 Yr.
4 Yr.
5 Yr.
Up to 4.81
Up to 4.56%
Up to 4.26%
Up to 3.96%
Up to 3.56%

Keep reading about Connexus

Our CDs methodology

At The Motley Fool Ascent, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.

Learn more about how The Motley Fool Ascent rates bank accounts.

FAQs

  • If you prefer the personalized banking approach of a credit union to a for-profit bank, and want one of the highest CD yields on the market, a Connexus Credit Union Share CD could be for you. The accounts have a $5,000 minimum deposit requirement, so they aren't ideal for everyone.

  • A Connexus Credit Union Share CD can be worth it if you want to lock in a high APY on your savings for a certain amount of time, and you have $5,000 or more to open an account with.