CoVantage Credit Union (WI/MI) 17-Month CD Special Earns 3.00% APY

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Deal Summary: 17-month Certificate Special, 3.00% APY, $5k minimum deposit

Availability: Residents of 22 northeast Wisconsin counties and three Michigan Upper Peninsula counties.

Four months ago, CoVantage Credit Union’s (CoVantage) 17-month Certificate Special was a regional rate leader, with an APY of 3.25%. The rate was lowered to 3.00% APY in January, but with the recent trend of dropping rates, that 3.00% APY currently qualifies as a regional rate leader. While the majority of CoVantage Certificates can be opened with a $1k minimum deposit, the 17-month Certificate Special requires a $5k minimum deposit.

The 17-month Certificate Special is also available as an IRA (Traditional, Roth, and CESA), earning the same APY with the same funding requirements.

According to CSR, the Early Withdrawal Penalty for the Certificate Special is 90 days interest.

As I noted in my November blog post, CoVantage was offering competitive short-term CD rates and uninspired long-term CD rates at the time, as were many banks and credit unions. For about two months, CoVantage’s 60-month and 17-month Certificate both earned 3.25% APY; following a recent rate decrease, the 60-month Certificate now earns 3.10% APY.

Availability

Headquartered in Antigo, Wisconsin, CoVantage Credit Union field of membership (FOM) is residency based, with individuals who live or work in 22 northeast Wisconsin counties and three Michigan Upper Peninsula counties eligible to join.

Wisconsin Counties: Brown, Clark, Calumet, Florence, Forest, Langlade, Lincoln, Marathon, Marinette, Manitowoc, Menominee, Oconto, Oneida, Outagamie, Portage, Price, Shawano, Taylor, Vilas, Waupaca, Winnebago, and Wood.

Michigan Counties: Dickinson, Iron, and Menominee.

Family members (spouse, parent, child, grandparent, including step- relations) of current CoVantage members also qualify for membership.

Other ways to qualify for membership can be found on the Become a Membership page.

Joining CoVantage and/or opening a Certificate Special can be done online, or at any of 16 Wisconsin branches located in Antigo (3), Crandon (2), Elcho, Rhinelander, Rothschild, Shawano (3), Stevens Point, Wausau (2), and Weston (2). There are also three Michigan branches in Crystal Falls and Iron River (2).

Credit Union Overview

CoVantage Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 2.31% (excellent), based on December 31, 2018 data. In the past year, CoVantage CU has increased its total non-brokered deposits by $100.19 million, an excellent annual growth rate of 7.6%. Please refer to our financial overview of CoVantage Credit Union (NCUA Charter # 66848) for more details.

Originally established in 1953 as the Antigo Co-op Credit Union, CoVantage Credit Union is currently Wisconsin’s ninth largest credit union, with more than 108,000 members and assets in excess of $1.6 billion. CoVantage’s legendary CEO, Brian Prunty, retired in 2017. In his 26-year tenure, Prunty guided the Credit Union’s development from a one-location, 36 employees, $67 million asset small-town institution to a multi-state, 14 branch, 360 employees organization with nearly $1.35 billion in assets. During those 26 years, the membership increased by more than 600%.

How the Certificate Special Compares

When compared to 181 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, CoVantage Credit Union's 17-month Certificate Special APY currently ranks first.

The above rates are accurate as of 3/22/2019.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD Rates Table page.

Related Pages: Marquette CD rates, Green Bay CD rates, La Crosse CD rates, Wausau CD rates, 1-year CD rates

Comments
CoVantage Credit Union (WI/MI) Ups 17-Month CD Special
Deal Summary: 17-month Certificate Special, 3.25% APY, $5k minimum deposit

Availability: Residents of 19 northeast Wisconsin counties and three Michigan Upper Peninsula counties.

CoVantage Credit Union (CoVantage) has added 150 bps to its 17-month Certificate Special, boosting the rate to 3.25% APY. The minimum deposit is $5k, with no stated balance cap.

The 17-month Certificate Special is also available as an IRA (Traditional, Roth, and SEP), earning the same APY with the same funding requirements.

Added to the product line in July, the 17-month Certificate Special had an initial rate...

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CoVantage Credit Union (WI/MI) Ups 20-Month CD Special
Deal Summary: 20-month Certificate Special, 2.00% APY, $5k minimum deposit

Availability: Residents of 19 northeast Wisconsin counties and three Michigan Upper Peninsula counties.

CoVantage Credit Union (CoVantage) began offering a new rate on its 20-month Certificate Special (2.00% APY) yesterday; the previous rate was a decidedly unimpressive 0.70% APY. The minimum deposit is $5k, with no stated balance cap.

According to CSR, the Early Withdrawal Penalty for the Certificate Special is 90 days interest.

About a year ago, I wrote about CoVantage’s 50-month Certificate Special, which also had an APY...

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CoVantage CU (WI/MI) Adds Two Certificate Specials
Availability: Residents of 19 northeastern Wisconsin counties and two Michigan Upper Peninsula counties.

Earlier this month, CoVantage Credit Union (CoVantage CU) added two Certificate Specials to their product line: 15-month (1.50% APY) and 50-month (2.00% APY). Both Specials require a $5k minimum deposit, with no stated balance cap.

The two Certificate Specials are also available as IRAs (Traditional), earning the same APYs with the same funding requirements.

According to CSR, the Early Withdrawal Penalty for either Certificate Special is 90 days interest.

Availability

Headquartered in Antigo, Wisconsin, CoVantage...

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2.30% 12-Month CD at CoVantage Credit Union in WI & MI - Local Only
CoVantage Credit Union is offering some competitive rates on its standard and special certificates. The most competitive standard certificate rate is 2.30% APY for a 12-month term. Minimum deposit is $1,000. The two special certificates include a 2.35% APY for an 18-month term and a 3.40% APY for a 57-month term. Minimum depositi is $5,000. The same rates are also available in IRA certificates. These rates are listed in the savings rates sheet as of 9/21/09.

In addition to CD rates, the credit union also has a competitive rate on its...

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