Capital Credit Union (WI) Offers Competitive 12-Month CD Special
Capital Credit Union (CCU) is currently offering a 12-month Certificate Special, which earns 2.20% APY. The minimum opening deposit is $5k, with no stated balance cap. According to the CCU official I spoke with, new money is required, even though there is no mention of new money on CCU’s website.
The 12-month CD is also available as an IRA (Traditional, Roth), earning the same 2.20% APY with the same funding requirements.
As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:
The penalty we may impose will equal 180 days dividends on certificates with a
term of 12 months or greater on the amount withdrawn and subject to penalty.
Cha Ching™ Checking
CCU’s rewards checking account, Cha Ching™ Checking, is currently earning 3.00% APY on qualifying balances up to $25k. Qualifying balances above $25k earn 0.25% APY, as do non-qualifying balances. Since I last wrote about the Cha Ching™ Checking account in 2017, there have been five rate increases (adding 75 bps) and one rate decrease (losing 25 bps).
| APY | MIN | MAX | INSTITUTION | PRODUCT | DETAILS |
|---|---|---|---|---|---|
| 4.25*% | $0 | $15k | Capital Credit Union (WI) | ChaChing Checking | |
| OTHER TIERS: 0.15% → $15k - $250k | |||||
The statement cycle qualifying requirements include,
- At least 12 debit card purchases (minimum $5).
- At least one direct deposit, $400 minimum.
- Receive eStatements.
- Sign into online banking at least once.
The Cha Ching™ Checking account has no monthly service fee, no minimum balance requirement, and no minimum opening deposit. If monthly qualifying requirements are met, ATM fees will be reimbursed up to $25. As stated on the Cha Ching™ Checking landing page,
After four months of not qualifying, this account
will be converted to a MyChoice checking account.
Availability
Headquartered in Green Bay, Capital Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, or attend in the Wisconsin counties of Brown, Calumet, Door, Kewaunee, Manitowoc, Marinette, Menominee, Oconto, Outagamie, Shawano, Waupaca, or Winnebago, eligible to join.
Immediate family members (spouse, parent, child, and stepchild) of a current CCU member or member’s spouse are eligible for membership, if they live in the member’s household.
Joining CCU and/or opening a Share Certificate Special or Cha Ching™ Checking account can be done online, or at any of 26 Wisconsin branches located in Appleton (3), De Pere (3), Freedom, Green Bay (8), Greenville, Kaukauna, Kimberly (2), Little Chute (2), Neenah, Oshkosh, Shawano, and Sturgeon Bay (2).
All you have to do is open a savings account and maintain a whopping balance of $5.
CCU participates in the Alliance One ATM network, but does not participate in the CO-OP Shared Branch or ATM network.
Credit Union Overview
Capital Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 6.40% (excellent), based on September 30, 2019 data. In the past year, CCU has increased its total non-brokered deposits by $143.84 million, an excellent annual growth rate of 12.4%. Please refer to our financial overview of Capital Credit Union (NCUA Charter # 66865) for more details.
Established in 1934 as the Kimberly Credit Union, Capital Credit Union is currently Wisconsin’s 11th largest credit union, serving more than 120,500 members and holding assets in excess of $1.6 billion. The original FOM included the employees of Kimberly-Clark, with the Credit Union office located in the Kimberly-Clark Mill. The Credit Union adopted a community charter in 1970, but the name wasn’t changed to Capital Credit Union until 1996. Five years ago, CCU merged with Pioneer Credit Union (the oldest credit union in the Green Bay area), “doing the right thing for our members.”
How the Share Certificate Special Compares
When compared to 271 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available within the FOM, Capital Credit Union's 12-month Share Certificate Special APY currently shares the top spot with Quontic Bank’s 12-month CD APY.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table.
How the Cha Ching™ Checking Compares
When compared to the 27 High Yield RCAs tracked by DepositAccounts.com that are available within the FOM and have maximum qualifying balances of at least $25k, Capital Credit Union’s Cha Ching™ Checking APY currently ranks third.
To look for the best Reward Checking Account rates, either nationwide or state-specific, please refer to DA’s High Yield Reward Checking Account Rates Table page.
The above rates are accurate as of 1/24/2020.
