BCU Offers 2.25% APY On 11-Month CD Special


Deal Summary: 11-Month CD Special, 2.25 APY, minimum $500 deposit.

Availability: Five northeast Illinois counties and one southeast Wisconsin county.

BCU (formerly known as Baxter Credit Union) has added an 11-month CD Special earning 2.25% APY. The minimum deposit is $500, with no stated balance cap.

While BCU does offer higher rates (between 10 and 25 bps) on its CDs through its Rewards Rate program, the 11-month CD Special is excluded.

According to CSR, the Early Withdrawal Penalty for CDs with terms of 12 months or less is 30 days dividends on the amount being withdrawn. Partial withdrawals are permitted, as long as a minimum $500 balance is maintained.

Note: The Certificate Disclosure contains some vague (and outdated) information about a No Penalty Certificate, which may be confusing. BCU previously offered a 13-month No Penalty Certificate and the wording in the Disclosure applied to the now-expired 13-month CD. Bottom line, the 11-month CD Special is not a No Penalty Certificate.


Headquartered in Vernon Hills, Illinois, BCU’s field of membership (FOM) is open to those who live or work in the Illinois counties of DuPage, Kane, Lake, or McHenry, or Kenosha County, Wisconsin. In addition, those who live or work in portions of Cook County (north of 95th Street in Chicago) are eligible for membership.

Employees of 88 SEGs (including Baxter Healthcare) also qualify for membership.

Immediate or extended qualifying family of an existing BCU member related by blood, marriage, fostering or adoption are eligible to join. “Eligible family members include: spouses, parents, children, siblings, domestic partners, grandchildren, grandparents, aunts, uncles, nieces, nephews, and cousins.”

Joining BCU can be done online or at any of full-service 44 branches located in Arkansas (1), California (7), Florida (1), Illinois (8), Indiana (3), Kansas (1), Maryland (1), Massachusetts (2), Minnesota (11), Mississippi (1), North Carolina (2), Ohio (3), Texas (1), Utah (1), and Wisconsin (2). There are also eight branches in Puerto Rico.

While checking and savings accounts can be opened online, opening a CD can only be done in-branch or by calling 800.388.7000.

We will fund the [Share Account] $1.00 minimum deposit as a way to say “Welcome”!

BCU is a member of the Credit Union Service Centers (CUSC) network, giving members,

the ability to perform many transactions and obtain many of the same services at
other Shared Branch locations, just as you would within our own Service Centers.

Credit Union Overview

BCU has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.35% (excellent) based on June 30, 2019 data. In the past year, BCU has increased its total non-brokered deposits by $307.58 million, an excellent annual growth rate of 11.24%. Please refer to our financial overview of BCU (NCUA Charter # 68187) for more details.

Founded as Baxter Credit Union in 1981, BCU was established by Baxter executives for the convenience and financial well-being of their employees. (Baxter is a global, diversified healthcare company with annual sales of over $10 billion). BCU is currently Illinois’ fourth largest credit union, with more than 260,800 members and assets in excess of $6.3 billion.

How the CD Special Compares

When compared to 360 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available within the FOM, BCU’s 11-month CD Special APY currently shares the top spot with CD APYs offered by five other financial institutions.

The above rates are accurate as of 12/4/2019.

To find the most competitive CD rates, both nationwide and state-specific, please refer to our CD Rates Table page.

Related Pages: 1-year CD rates

BCU (IL/WI) Adds Limited-Time 11-Month CD Special
Deal Summary: 11-Month CD Special, 1.65 APY, minimum $500 deposit of new money, available through December 31, 2017.

Availability: Five northeast Illinois counties and one southeast Wisconsin county.

BCU (formerly known as Baxter Credit Union) is offering an 11-month CD Special (1.65% APY), now through December 31, 2017. The minimum deposit is $500 of new money (defined as “money not on deposit with BCU at or within 90 days prior to account opening"), with no stated balance cap.

While BCU does offer an additional 25 bps on...

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To qualify for the higher Rewards APY, certain relationship requirements must be met. As stated in Baxter Credit Union’s Disclosure page,


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Unique Reward Checking Account with Debit Card Alternatives at BCU

Today I came across another credit union that is allowing credit card purchases instead of debit card purchases to satisfy the requirements for its reward checking account. It’s Baxter Credit Union (BCU). Unfortunately, the credit union’s field of membership is limited, so not many will be able to join. Nevertheless, it’s good to see more reward checking options. Last year I reported on Southwest Airlines FCU’s reward checking account that allows members to use either debit or credit cards to satisfying the reward checking requirements.

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Reward Checking Account at Baxter Credit Union in IL/WI
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Baxter Credit Union is offering a reward checking account called Powerchecking. It pays 2.00% APY on balances up to $25,000 (0.25% for above) if the following monthly requirements are met:
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  • receive E-statements
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2.65% 11-Month CD at Baxter Credit Union in IL & WI
Baxter Credit Union (BCU) is offering another CD special. The rate is lower than last month, but it's still competitive. The new rate is 2.65% APY and it's available for terms from 11 months to 23 months. Minimum deposit is $500. This special is listed in the credit union's rate table as of 5/12/09. Their CD specials typically last for the entire month.

BCU continues to offer a reward checking account (see post).

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More Past Offers

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