Connex CU (CT) Marks 75 Years With 7.5-Month CD Special

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According to CSR, the Early Withdrawal Penalty is determined on a case-by-case basis, using the amount withdrawn and time left until maturity as variables.

Unbank Checking

Connex CU’s Unbank Checking currently earns 1.25% APY on qualifying balances up to $25K; qualifying balances over $25K earn 0.10% APY. Complete details available on the Unbank Checking FAQs page.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.25*%-$25kConnex Credit UnionUnbank Checking
Accounts mentioned in this post. Rates as of December 6, 2016.

Availability

Headquartered in North Haven, Connecticut, Connex Credit Union’s membership eligibility is primarily residency based.

Residency: Individuals who live, work, worship, or attend school in the Connecticut counties of Hartford, Middlesex, and New Haven are eligible for membership.

Relationship: Family members of current Connex CU members are also welcome to join.

Joining Connex CU can be done online or at any of the seven Connecticut branches located in Branford, Guilford, Hamden, New Haven, North Haven, Orange, and Wallingford.

Unlike Connex CU’s other Share Certificates that can be opened online, the 75th Anniversary Share Certificate must be opened at a branch location.

Credit Union Overview

Connex Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 5.87% (excellent), based on June 30, 2015 data. In the past year, Connex CU increased its total deposit by $18.64 Million, an excellent annual growth rate of 5.34%. Please refer to our financial overview of Connex Credit Union for more details.

Originally chartered in 1940 as the New Haven Telephone Employees Federal Credit Union, Connex Credit Union (NCUA Certificate # 68511) is Connecticut’s 5th largest credit union, with over 46,400 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 base state charter, allowing the field of membership to include all residents of 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 the 185 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to Connecticut residents, Connex Credit Union’s 75th Anniversary Share Certificate currently ranks first.

The above rates are accurate as of 9/23/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

Comments
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...

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5.50% 36-Month CD at a Connecticut CU (Connex).
Update 9/22/07: CD rates have gone down. Please check credit union's website for latest rates.

Connex Credit Union if offering a yield of 5.50% APY on terms from 36 to 47 months. The minimum deposit is $500, and the maximum is $250,000. It's available as a regular share and IRA certificate.

Membership is open to anyone who lives, works, worships or attends school in the Connecticut counties of New Haven, Hartford or Middlesex. Please see their about page for more details on eligibility.

Branches are located in North Haven, Guilford, New Haven, Orange,...





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