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 its CDs and IRA CDs through its Rewards Rate program, the 11-month CD Special does not qualify.

As stated in the Deposit Account Agreement, the Early Withdrawal Penalty reads as follows:

The amount of the penalty is 30 days dividends on the
amount withdrawn if the account term is one year or less.

Money Market Accounts

BCU is also running a Money Market Special that guarantees 1.25% APY on balances of $15k+ through December 31, 2018. The minimum opening deposit is $15k of new money. Although the 1.25% APY is guaranteed for the next 14 months, the offer expires on December 31, 2017.

The Investors Money Market, which requires a minimum opening deposit of $100k of new money, has a guaranteed 1.40% APY through December 31, 2018. A minimum of $50k “in assets under management with BCU Investment Advisors and/or Wealth Advisors” is required to qualify for the 1.40% APY. Like the Money Market Special, this offer expires on December 31, 2017.


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) are eligible for membership.

Employees of 89 SEGs also qualify for membership. A complete list of the SEGs is available on the first page of BCU’s online Membership Application, which is time sensitive and closes after a few minutes of inactivity.

All family members (blood, marriage, fostering, or adoption) and domestic partners (residing in the same household) of current BCU members are eligible to join.

Joining Baxter Credit Union can be done online or at any of full-service 43 branches located in Arkansas (1), California (8), Florida (1), Illinois (9), Indiana (3), Kansas (1), Maryland (1), Massachusetts (2), Minnesota (8), Mississippi (1), North Carolina (2), Ohio (2), Texas (2), Utah (1), and Wisconsin (1).

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

Credit Union Overview

BCU has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.83% (excellent) based on June 30, 2017 data. In the past year, BCU has increased its total non-brokered deposits by $162.1 million, an annual growth rate of 7.17% (excellent). 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 $16 billion). BCU is currently Illinois’ fourth largest credit union, with more than 215,800 members and assets in excess of $2.8 billion.

How the CD Special Compares

When compared to the 371 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 ranks seventh, only ten bps lower than the top-ranked CD.

How the Investor Money Market Compares

When compared to the Money Market Accounts tracked by DepositAccounts.com that are available with the FOM, BCU’s Investor Money Market APY currently ranks first, regardless of minimum or maximum deposit.

The above rates are accurate as of 11/7/2017.

To find the most competitive CD rates, both nationwide and state specific, please refer to our CD rates table or our new Rates Map page.

To look for the best Money Market Account rates, both nationwide and state specific, please refer to our Money Market Account rates table or our Rates Map page.

Related Pages: 1-year CD rates

Baxter Credit Union Offers High Rate 65-Month Rewards CD

Baxter Credit Union (IL) is offering a 65-month CD (2.35% Rewards APY or 2.10% Regular APY). It can be opened with a minimum $500 deposit, with no maximum balance cap. The 65-month CD is also available as an IRA (Traditional, Roth and CESA) at the same rates. According to CSR, the Early Withdrawal Penalty is 270 days interest (approximately 9 months interest).

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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