Affinity Plus Federal Credit Union's 5-Year CD Earns 3.25% APY


Deal Summary: 60-month CD, 3.25% APY, $500 minimum deposit

Availability: Easy membership requirement

It’s been quite sometime since I last wrote about Affinity Plus Federal Credit Union (Affinity Plus). The opening line in my April 2012 blog post read,

It's hard to find CD rates over two percent these days.

Given the recent run of rate reductions, it’s hard to find CD rates above 3% today, but the Affinity Plus 60-month CD currently earns 3.25% APY. The minimum opening deposit is $500 and there is no stated balance cap.

3.00%$500-Affinity Plus Federal Credit Union60 Month CD
3.00%$500-Affinity Plus Federal Credit Union60 Month IRA (Traditional, Roth)
Rates as of September 21, 2019.

When the rate on the 60-month CD was raised to 3.25% APY in early March, it wasn't that competitive: the highest APY available on a nationally available 5-year CD at that time was 3.51% APY, offered by Mountain America Credit Union. While the 3.25% APY has remained unchanged for more than three months, the top nationally available 5-year CD rate is now 3.35% APY. In March, Affinity Plus' 60-month CD was solidly in middle of the 5-year category in the bi-weekly CD Summary; it will be in the top four in tomorrow's CD Summary.

The 60-month CD is also offered as an IRA (Traditional and Roth), earning the same APY with the same funding requirements.

As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:

The penalty is calculated as a forfeiture of part of the dividends that have been or would
be earned on the account. It applies whether or not the dividends have been earned.

Terms of longer than 36 months – 365 days’ dividends

Affinity Plus CDs have a 10-day grace period before an automatic renewal for another term.


Headquartered in Saint Paul, Minnesota, Affinity Plus Federal Credit Union’s field of membership (FOM) is wide and varied, with a way to join for almost any U.S. citizen or resident alien with a valid Social Security number.

Easy Membership: Joining the Affinity Plus Foundation with a one-time $25 dues payment, qualifies for Credit Union membership. Established in 2000, the Foundation is a 503(c)(3) that supports “financial education and programs through outreach, scholarships and grants.”

Residency: Individuals who live, work, or worship in Arden Hills, Mounds View, New Brighton, Roseville, Shoreview, St. Anthony, or the downtown areas of Minneapolis/Saint Paul are eligible to join.

Employment: Employees/volunteers of more than 50 Preferred Partner companies, including the State of Minnesota, the University of Minnesota Twin Cities, and any organization that receives funding from the State of Minnesota qualify for membership.

Educational: Students or alumni of the seven Minnesota State 4-year universities are eligible to join, as are current students of the University of Minnesota Twin Cities campus and University of Minnesota Alumni Association members.

Relationship: Relatives or roommates of current Affinity Plus members are welcome to apply.

Joining Affinity Plus and/or opening a CD can be done online, or at any of 28 Minnesota branches located in Alexandria, Baxter, Bemidji (2), Cambridge, Coon Rapids, Duluth, Eagan, Faribault, Fergus, Grand Rapids (2), Hastings, Lakeville, Mankato (2), Minneapolis (2) Moorhead (2), New Hope, Rochester, Roseville, Saint Cloud (2), Saint Paul (2), and Winona.

If a $25 Affinity Plus Foundation donation is what qualifies you for membership, please
note that the total minimum deposit (including your $10 member share) would be $35.

Affinity Plus participates in the CO-OP ATM network.

CO-OP's nearly 30,000 ATMs means you have more direct,
surcharge-free access to your money than most traditional bank customers do.

Credit Union Overview

Affinity Plus Federal Credit Union has an overall health grade of "A" at, with a Texas Ratio of 3.53% (excellent) based on March 31, 2019 data. In the past year, Affinity Plus has increased its total non-brokered deposits by $109.05 million, an excellent annual growth rate of 5.64%. Please refer to our financial overview of Affinity Plus Federal Credit Union (NCUA Charter # 24362) for more details.

Established in 1930 as the State Capitol Credit Union, the original FOM consisted of the employees of the state of Minnesota. The Affinity Plus rebrand occurred in 1999, following several acquisitions and expansions of the Credit Union’s charter. With assets in excess of $2.2 billion, Affinity Plus is currently the second largest credit union and the seventh largest financial institution in Minnesota. According to an April 2019 press release,

Today, Affinity Plus Federal Credit Union is pleased to announce it has reached a major milestone: the celebration of its 200,000th member. Over the last two years, Affinity Plus has added over 30,000 new memberships.

How the CD Compares

When compared to 168 similar length-of-term CDs tracked by, which are nationally available and require a similar minimum deposit, Affinity Plus Federal Credit Union's 60-month CD APY currently ranks third.

The above rates are accurate as of 6/17/2019.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Rochester CD rates, Minneapolis CD rates, Duluth CD rates, La Crosse CD rates, Fargo CD rates, Mankato CD rates, 5-year CD rates, nationwide deals

Top 5-Year CD Rate at Affinity Plus FCU in Minnesota - Easy Membership

It's hard to find CD rates over two percent these days. I'm glad to report a credit union that's offering this and provides an easy way for anyone to join. It's Affinity Plus Federal Credit Union, and it's offering a 2.25% APY 5-year CD and IRA CD. Its 3-year and 4-year CD rates are not quite as competitive, but they're still pretty good. These rates are 1.75% APY for 4 years and 1.50% APY for 3 years. Minimum deposit is $500. These rates are listed in the credit union's savings...

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