6.00% Savings Account Intro Rate at a Minnesota CU (Honeywell)

Oct 29, 2006 - 4:40 PM by Ken Tumin

Honeywell Federal Credit Union is offering an intro rate of 6.00% APY on a new Get Ahead Savings account. The rate is guaranteed through March 31, 2007. It requires a monthly automated electronic deposit via direct deposit or transfer. Also, it requires opening the account by November 30, 2006. After March 31, 2007, it'll revert back to a tiered rate. Currently, this savings account pays 4.00% APY on balances over $500. This account has a limit of one withdrawal per month to avoid a $25 excess withdrawal fee.

This promotion is similar to the money market special Honeywell FCU was offering in July.

In addition to Honeywell employees and other employee groups, the field of membership includes those who live, work, worship or attend school in any of the following cities in Minnesoata: Brooklyn Center, Crystal, Golden Valley, Hopkins, Minneapolis, New Hope, Robbinsdale and St. Louis Park.

Branches are located in Minnesota cities of Minneapolis, Golden Valley and Brooklyn Center. There's also a branch in Kansas City, Missouri.

Honeywell FCU is NCUA insured. It has over $285 million in assets and 27,000 members.

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