Connex Credit Union (CT) Has 2.00% APY 60-Month CD


Deal Summary: 60-month CD, 2.00% APY, $500 minimum deposit.

Availability: Fairfield, Hartford, Middlesex, and New Haven Counties, Connecticut.

While there are about 30 credit unions in the nation offering a 5-year CD with an APY of 2.00% or higher, the vast majority of these credit unions have limited fields of membership (FOM) and less than 5,000 members. On the other hand, Connex Credit Union (Connex), has an FOM that includes half of Connecticut’s counties, more than 60,000 members, and a 60-month CD earning 2.00% APY. The minimum opening deposit is $500, with a $250k balance cap.

1.00%$500$250kConnex Credit Union60 Month CD
1.00%$500$250kConnex Credit Union60 Month IRA (Traditional, Roth, CESA)
Rates as of September 13, 2021.

The 60-month CD is also available as an IRA (Traditional, Roth, CESA), earning the same APY with the same deposit requirements.

An additional 10 bps will be added to the 2.00% APY if a Your Choice Checking account is opened and maintained throughout the entire 60 months. Your Choice Checking currently earns 0.05% APY on all balances and can be opened with a $25 minimum deposit. There is an $8.99 monthly fee that will be waived with a full direct deposit.

1.10%$500$250kConnex Credit Union60 Month CD with Your Choice Checking
1.10%$500$250kConnex Credit Union60 Month IRA with Your Choice Checking (Traditional, Roth, CESA)
0.05%$25-Connex Credit UnionYour Choice Checking Account
Rates as of September 13, 2021.

As stated in the Truth-in-Savings document, the Early Withdrawal Penalty (EWP) reads as follows.

Terms of longer than 12 months, 3% of the amount withdrawn and $25.00 per $10,000.00

The $25 fee applies to multiples of $10k and any fraction thereof, so a $9k withdrawal would result in an EWP of 3% ($270), plus the $25 fee. If $11k were withdrawn, the fee would jump to $50.


Headquartered in North Haven, Connecticut, Connex Credit Union’s field of membership is residency-based, with individuals who live, work, worship, or attend school in the Connecticut counties of Fairfield, Hartford, Middlesex, and New Haven eligible to join.

Family members of current Connex members are also welcome to apply.

Joining Connex and/or opening a CD can be done online or over the phone (203.603.5700).

The Membership Application is also available as a download and
can be returned to any of the above mentioned Connecticut branches.

Connex has re-opened its eight Connecticut branches located in Branford, Guilford, Hamden, Meriden, Monroe, New Haven, North Haven, and Orange.

According to the COVID-10 Member Update page,

We are planning a gradual re-opening of our branch lobbies on June 3, 2020. You can expect that our staff will be wearing masks and gloves, our lobbies and ATM/ITMs will continue to be thoroughly sanitized, our teller and desk stations will have plastic shields, and we will adhere to the CDC guidelines for social distancing. A mask or face covering is required for all in-branch visits.

A $25 minimum deposit in a Regular Share Account is required to establish a new membership.

Connex is a member of the Allpoint ATM network and the CO-OP Shared Branch network.

as a Connex member, you have access to 38 Connecticut shared branching locations and more than 5,000 locations across the U.S.

Credit Union Overview

Connex Credit Union has an overall health grade of "A" at, with a Texas Ratio of 6.36% (excellent), based on December 31, 2019 data. In the past year, Connex has increased its total deposit by $53.68 million, an excellent annual growth rate of 10.37%. Please refer to our financial overview of Connex Credit Union (NCUA Certificate # 68511) for more details.

Originally chartered in 1940 as the New Haven Telephone Employees Federal Credit Union, Connex Credit Union is currently Connecticut’s fifth largest credit union, with more than 61,000 members. The name was changed to Southern New England Financial Credit Union as more SEGs became affiliated with the Credit Union. In 2002, the Credit Union charter was converted to a community-based state charter, allowing the FOM to include all residents of Fairfield, Hartford, Middlesex, and New Haven Counties. The charter change also led to a new name – Connex. Pronounced "connects," this bit of word whimsy was chosen to reflect the expanded field of membership – CONNECTicut residentS.

How the CD Compares

When compared to 220 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available within the FOM, Connex Credit Union’s 60-month CD APY* currently ranks first.

The above rates are accurate as of 7/6/2020.

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

Related Pages: New York CD rates, Hartford CD rates, 5-year CD rates

Connex Credit Union (CT) Has 24-Month CD Special
Deal Summary: 24-month CD Special, 3.05% APY, one penalty-free withdrawal, one-time bump up option, $1k minimum deposit, new money.

Availability: Residents of Fairfield, Hartford, Middlesex, and New Haven Counties, Connecticut.

Now through October 31, 2018, Connex Credit Union (Connex) is offering a 24-month CD Special that earns 3.05% APY. A minimum $1k of new money (defined as “currently not on deposit at Connex") is required to open the CD Special; there is no stated balance cap.

In addition to the competitive 3.05% APY, the 24-month CD Special also...

Continue Reading
Connex Credit Union (CT) Offers Money Market Special
Deal Summary: Money Market Share Account Special, 2.05% APY on balances of $100k+, rates guaranteed through April 30, 2019, minimum $500 opening deposit of new money.

Availability: Residents of Fairfield, Hartford, Middlesex, and New Haven Counties, Connecticut.

Now through April 30, 2018, Connex Credit Union (Connex) is offering a Money Market Share Account Special that earns 2.05% APY on balances of $100k+. There are four other APYs based on balance levels, with all stated APYs guaranteed through April 30, 2019. A minimum opening deposit of $500 of new...

Continue Reading
Connex Credit Union (CT) Adds 18-Month CD Special
Deal Summary: 18-month CD Special, 2.00% APY, $5k minimum, new money.

Availability: Residents of Fairfield, Hartford, Middlesex, and New Haven Counties, Connecticut.

Now through November 30, 2017, Connex Credit Union (Connex) is offering an 18-month CD Special that earns 2.00% APY. A minimum $5k of new money (defined as “currently not on deposit at Connex) is required to opening the CD Special; there is no stated balance cap.

While this limited-time CD Special is advertised as available through the end of November, CSR did mention that the offer...

Continue Reading
Connex CU (CT) Marks 75 Years With 7.5-Month CD Special
Availability: Residents of New Haven, Hartford, and Middlesex Counties, Connecticut

Now through October 31, 2015, Connex Credit Union (Connex CU) is celebrating its 75th Anniversary by offering a 7.5-month Share Certificate (1.25% APY). The minimum opening deposit is $500 of new money and there is a maximum deposit limit of $250K.

There is a limit of one 75th Anniversary Share Certificate per household.

According to CSR, the Early Withdrawal Penalty is determined on a case-by-case basis, using the amount withdrawn and time left until maturity as...

Continue Reading
2.80% 9-Month CD at Connex Credit Union in Connecticut - Local Only
Connex Credit Union is offering a special 9-month CD with a rate of up to 2.80% APY. This rate requires the credit union's Choice Checking which requires full direct deposit or a $5 monthly fee is imposed. Without Choice Checking, the CD rate is 2.55% APY which is still very competitive for a 9-month term. Minimum deposit is $500, and the maximum is $250,000. This promotion is listed at the credit union's What's New page as of 5/19/09.

Membership is open to anyone who lives, works, worships or attends school in...

Continue Reading

More Past Offers

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.