Connexus Credit Union 15-Month CD Special Is New Rate Leader


Deal Summary: 15-month Share Certificate Special, 4.85% APY, $5k minimum deposit

Availability: Easy membership requirement

Earlier this week, Connexus Credit Union (Connexus) unveiled a very competitive 15-month Share Certificate Special. Earning 4.85% APY, the 15-month Share Certificate Special currently has the highest APY offered on nationally available 15-month and 18-month CDs. The minimum opening deposit is $5k, with no stated balance cap.

4.85%$5k-Connexus Credit Union15 Month Certificate Special
4.85%$5k-Connexus Credit Union15 Month IRA Special (Traditional, Roth)
Rates as of April 1, 2023.

The Share Certificate Special is offered as an IRA Certificate Special (Traditional and Roth), earning the same APY with the same deposit requirements.

As stated in the FAQs, the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of more than one year, but less than five years:
The penalty will equal 180 days dividends on the amount withdrawn subject to penalty.

Funding and Maturing Funds

According to CSR, a Share Certificate can be funded through ACH, wire transfer, by check, or through an internal transfer. Connexus participates in the CO-OP Share Branch network, facilitating the transfer of funds.

As stated in the Certificate FAQs,

Dividends on Connexus Share Certificates are compounded and credited to your account quarterly. Alternatively, you may choose to have dividends automatically posted to another Connexus account quarterly or paid directly to you in the form of a check.

Maturing funds can be distributed by check (fee free) or transferred into another Connexus account. An outgoing ACH transfer initiated from Connexus is possible, but there are limitations:

If the amount is $25,000 or under an ACH could be processed with a $10 fee.
Anything over $25,000 would need to be wired and a $20 fee would apply.

There is a 10-day grace period before a Certificate automatically renews.

In a May 2022 Review, DA reader, ET, provided information about opening a Certificate.

  • Soft pull w/Trans Union.
  • Requires a copy of social security card, although not listed.
  • Disregard their email, you need to be proactive as no one contacts you during approval process.
  • Maximum ACH transfer is $250,000 for opening a CD account. Over that amount needs to be wired in.
  • Your membership number is not the same as your account number.


Headquartered in Wausau, Wisconsin, Connexus Credit Union’s field of membership (FOM) offers a way to join for virtually any U.S. citizen/resident alien with a valid Social Security number.

Easy membership requirement – Membership in Connexus Credit Union is open to virtually anyone by joining the Connexus Association, with a one-time $5 donation that will directly benefit one of many supported organizations.

Employment or Affiliation – Employees, retirees, family members, or members of more than 20 companies and organizations (including Liberty Mutual Insurance) qualify for membership.

Residency – Individuals who live in any of the following locations are eligible to join:

    Illinois counties – Boone, Jo Daviess, Knox, Lake, McHenry, Stephenson, Warren, or Winnebago.

    Minnesota communities – Brooklyn Center, Crystal, Golden Valley, Hopkins, Minneapolis, New Hope, Robbinsdale, or St. Louis Park.

    Ohio communities – Cincinnati or Norwalk.

    Wisconsin counties – Adams, Clark, Juneau, Langlade, Lincoln, Marathon, Portage, Shawano, Taylor, Waushara, or Wood

    Wisconsin communities – Baron, Chippewa, Columbia, Dane, Dodge, Iowa, Milwaukee, Oneida, Ozaukee, Price, Racine, Rusk, Sauk, Washington, or Waukesha. Within 25 miles of Sheldon or within 15 miles of Chetek.

Relationship – “Spouses, family members, and those living in the same household of an existing member” are also welcome to apply.

Complete eligibility details are listed the Connexus Membership Eligibility page.

Joining Connexus and/or opening a Certificate can be done either online,* or in person at any of the eleven Wisconsin, three Illinois, or one Minnesota branch locations. According to the Connexus Branch and ATM Locations page, the Golden Valley (MN) and Honey-Minneapolis branch locations continue to be closed until further notice because of staffing issues.

*According to the FAQs, “It can take up to three business days for an application to be approved or denied.

You will also be asked to make a $5 deposit into your savings account to establish your membership. That deposit is yours to withdraw should you decide to cancel your Connexus Credit Union membership.

As a member of the CO-OP Shared Branching network, Connexus provides its members with access to more than 6,000 shared branches throughout the country. Connexus also participates in CO-OP and Money Pass ATM networks, giving members surcharge-free access to more than 54,000 ATMs.

Credit Union Overview

Connexus Credit Union has an overall health grade of "B" at, with a Texas Ratio of 14.64% (above average), based on June 30, 2022 data. In the past year, Connexus increased its total non-brokered deposits by $1.1 billion, an excellent annual growth rate of 39.79%. Please refer to our financial overview of Connexus Credit Union (NCUA Charter # 66538) for more details.

Founded in 1935, the Credit Union was originally established to serve the employees of Employer’s Mutual, the predecessor of Wausau Insurance (1980). In 1998, Wausau Insurance was acquired by Liberty Mutual Insurance and membership was extended to all Liberty Mutual employees and retirees nationwide. Over the next 24 years, through acquisitions, mergers, and expansion, Connexus increased its membership to more than 435,000 members, with assets in excess of $4.8 billion.

How the 15-Month Share Certificate Special Compares

When compared to similar length-of-term CDs tracked by that are available nationwide and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than offered on the Connexus Credit Union 15-month Share Certificate Special. The following table compares the 15-month Share Certificate Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 11/25/2022.

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

Related Pages: Rockford CD rates, Minneapolis CD rates, Madison CD rates, Davenport CD rates, La Crosse CD rates, Wausau CD rates, 1-year CD rates, IRA CD rates, nationwide deals

  |     |   Comment #1
I was able to open and fund my CD ..... but with a little bit of a snag.

I have done these before with financial firms, and I think some CU, but this one did an ACH just like linking a bank account. It ended up sending "trial deposits" that had to be acknowledged to move forward with the CD and to initiate the ACH. I was not aware of the trial deposits. I had received an email to that effect, but with all the emails this week, I had missed it. SOOooo, until I did locate that email about trial deposits, my account was silent, dormant, and waiting on me, but I did not know it.

As soon as I did the verification, it through smoothly. So this was on ME. This post is just a heads up for readers who may use the open/funding option.
  |     |   Comment #2
As posted by kaimen 12/3/22 on Promotions, Deals, and Rate Changes, Connexus CU now allows lower-rate CD holders to flip to higher CD's without EWP!!!!!
  |     |   Comment #3
going to try tomorrow, will advise.
  |     |   Comment #4
What term are you doing? 12 or 15 month?
12 month 4.51% with a 90 day exp or the 15 month 4.85% with a day 180 penalty. Wondering where rates will be at 12 vs 15 months.
Connexus Credit Union 12-Month CD Rate Jumps To New Heights
Deal Summary: Certificates – 12-month (3.51% APY) and 36-month (3.61% APY), $5k minimum deposit

Availability: Easy membership requirement

Wisconsin-based Connexus Credit Union (Connexus) has been prolific in raising rates lately: this is the third Connexus blog post in four weeks. After a gain of 30 bps this week, the 12-month Certificate (3.51% APY) once again offers the top rate for nationally available 1-year CDs. The 36-month Certificate currently earns 3.61% APY following a more modest increase of 15 bps. Connexus Certificates can be...

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Connexus Credit Union 12-Month CD Is New Rate Leader
Deal Summary: Certificates – 12-month (3.21% APY), 24-month (3.41% APY), 36-month (3.46% APY), $5k minimum deposit

Availability: Easy membership requirement

This is another instance of “DA déjà vu” – the feeling you’ve read this blog post before, but the rates are higher than you remember.

Less than a week ago, I wrote about substantial rate increases (45-50 bps) on the Connexus Credit Union (Connexus) 12-month and 24-month Certificates. Another 20 bps have been added to the 12-, 24-, and 36-month Certificates, which now earn 3.21% APY, 3.41%...

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Connexus Credit Union Hikes 12-Month and 24-Month CD Rates
Deal Summary: Certificates – 12-month (3.01%), 24-month (3.21% APY), $5k minimum deposit

Availability: Easy membership requirement

For about four weeks in late spring, the Connexus Credit Union (Connexus) 12-month and 24-month Certificates were rate-leaders, following rather large rate increases. In mid-June, those APYs dropped precipitously and remained at non-competitive levels until this week. Following increases of 50 and 45 bps, the 12-month and 24-month Certificates currently earn 3.01% APY and 3.21% APY, respectively. Connexus Certificates can be opened with a $5k minimum deposit, with...

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Connexus Credit Union CD Rates Substantially Increased Again
Deal Summary: Certificates – 12-month (2.26%), 24-month (2.86% APY), 36-month (3.01% APY), 48-month (3.11% APY), and 60-month (3.21% APY), $5k minimum deposit

Availability: Easy membership requirement

It’s only been three weeks ago since Wisconsin-based Connexus Credit Union’s (Connexus) Certificate became rate-leaders, following increases of between 74-84 bps. As DA reader, SYC, noted in a Forum post yesterday, the Connexus rates are once again “Ahead of the pack, it appears.” SYC is referring to Connexus’ most recent Certificate rate increases, which range between 61-101 bps....

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Connexus Credit Union Longer-Term CD Rates Soar
Deal Summary: Certificates – 24-month (2.00% APY), 36-month (2.20% APY), 48-month (2.40% APY), and 60-month (2.60% APY), $5k minimum deposit

Availability: Easy membership requirement

They’re back!

After a lengthy absence, competitive CD rates are again available at Wisconsin-based Connexus Credit Union (Connexus). Following substantial increases of between 74-84 bps, the 24-, 36-, 48-, and 60-month Certificates have become rate-leaders. As DA reader, SYC, pointed out in a Forum post, the Connexus rates are “edging closer to current US treasure yields.” Any of the Certificates...

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