Financial One Credit Union (MN) Adds 24-Month CD Special (2.40% APY)

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Deal Summary: 24-month Share Certificate Special, 2.40% APY, $1k minimum deposit

Availability: Residents of Anoka County, the City of Champlin, and Northeast Minneapolis area; members of Disabled American Veterans of Minnesota.

Financial One Credit Union (Financial One) is currently offering a 24-month Share Certificate Special (2.40% APY). The minimum deposit is $1k, with no stated balance cap. CSR stated this is a limited-time offering, but no specific end-date has been set.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.40%$1k-Financial One Credit Union24 Month Share Certificate Special
2.40%--Financial One Credit Union24 Month IRA CD Special (Traditional, Roth)
Accounts mentioned in this post. Rates as of January 16, 2018.

The 24-month Share Certificate Special is also available as an IRA (Traditional and Roth) earning the same APY, with the same funding requirements.

According to CSR, the Early Withdrawal Penalty is a substantial "half of the interest that would be earned over the life of the CD, no matter when the withdrawal is made."

Thanks to DA reader, Carpline, for his Forum post about Financial One’s latest deal.

Availability

Headquartered in Columbia Heights (a first-ring northern suburb of Minneapolis), Financial One Credit Union’s field of membership (FOM) is primarily residency based, with residents of Anoka County, the City of Champlin, and the Northeast Minneapolis area eligible to join.

Members of the Disabled American Veterans of Minnesota (DAV MN) are also included in Financial One's FOM.

Membership is also extended to the family of current Financial One members.

Joining the Financial One and/or opening a Share Certificate Special can be done at any of the three Minnesota branches located in Blaine, Columbia Heights, and Coon Rapids.

Financial One’s online application is more of a “contact me” form, and following submission,

One of our representatives will contact you
within one business day to complete the process.

Credit Union Overview

Financial One Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.32% (excellent), based on September 30, 2017 data. In the past year, Financial One CU has increased its total non-brokered deposits by $14.05 million, an excellent annual growth rate of 18.17%. Please refer to our financial overview of Financial One Credit Union (NCUA Charter # 64287) for more details.

Originally chartered in 1933 as the Columbia Heights Credit Union, Financial One Credit Union has maintained its community charter and community commitment throughout its 85-year history. Financial One was the recipient of a NerdWallet.com grant to help establish the "GenY Program," providing tools and real-life guidance to enable young people to maintain their finances.

How the CD Special Compares

When compared to the 332 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Financial One Credit Union's 24-month CD Special currently tops the list.

Interest RateCD Length of TermCredit Union/Bank
2.40% APY24-Month CD SpecialFinancial One Credit Union
2.26% APY24-Month CDNorthern Bank Direct
2.12% APY24-Month CertificateUSALLIANCE Financial

The above rates are accurate as of 1/6/2019.

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: Minneapolis CD rates, 5-year CD rates

Comments
Financial One CU (MN) Boosts Rates On Share Certificate Specials
Availability: Residents of Anoka County, the City of Champlin, and Northeast Minneapolis area; members of the Minnesota DAV.

Financial One Credit Union (Financial One CU) has raised the rates on two Share Certificate Specials: 9-month (1.09% APY) and 40-month (2.00% APY). The minimum deposit is $1k, with no stated balance cap.

Both Share Certificate Specials are also available as IRAs (Traditional, Roth, CESA, and SEP ) earning the same APYs, with the same funding requirements.

According to CSR, the Early Withdrawal Penalty is a substantial "half...

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Financial One CU (MN) Has Added A 20-Month CD Special
Availability: Residents of Anoka County, the City of Champlin, and Northeast Minneapolis area.

Financial One Credit Union (Financial One CU) is offering a 20-month Share Certificate Special (2.00% APY). The minimum deposit is $1k and there is a maximum balance cap of $100k.

The 20-month Share Certificate Special has been part of Financial One CU’s product for about a month. CSR stated it was a limited-time offering, but no specific end-date has been set.

The 20-month Share Certificate Special is also available as an IRA (Traditional...

Continue Reading