Hiway Federal Credit Union's 14-Month CD Earns 2.70% APY


Deal Summary: 14-month Certificate, 2.70% APY ($500 min). 60-month Certificate, 3.20% APY ($25k min), 3.10% APY ($10k min), 3.00% APY ($500 min).

Availability: Easy membership requirement

In May, Hiway Federal Credit Union (Hiway FCU) added a 14-month Certificate earning 2.70% APY. At the time, 2.70% APY wasn’t a very impressive rate for a 1-year CD, but as rates have drifted downward, the 14-month Certificate has become competitive. While the majority of Hiway FCU’s Certificates have tiered APYs based on deposit levels of $500, $10k, and $25k, the 14-month earns 2.70% APY on all balances, requiring only a $500 minimum opening deposit.

The 14-month Certificate is also available as an IRA (Traditional, Roth, and CESA) earning the same APY with the same $500 minimum deposit.

Hiway FCU raised the tiered rates on its 60-month Certificate four months ago, offering 3.20% APY with a minimum $25k deposit. Like the 14-month Certificate, the 60-month Certificate APYs have become more competitive by simply not dropping.

The 60-month Certificate is also available as an IRA (Traditional, Roth, and CESA) earning the same tiered APYs with the same funding requirements.

As stated in Certificate Accounts Disclosure, the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of 12 to 23 months, the penalty we may impose will equal 90 days dividends.

If your account has an original maturity of greater than 47 months, the penalty we may impose will equal 365 days dividends.

Funding and Accessing Maturing Funds

In a Live Chat, CSR stated, “The easiest way to fund a certificate is to have the funds available in your share savings. Once the funds are in your savings, we can open the certificate and transfer [the funds] in.” Funds can be transferred into a share savings account by ACH, wire, or check. Hiway FCU also participates in the CO-OP Shared Branch network, providing members easy access to their Hiway FCU accounts, no matter where they live.

There is a 14-day grace period before a certificate automatically renews. Maturing funds can be distributed by cashier’s check or wire, or “depending on the amount, transferred through online banking to an external source.”

Unlimited beneficiaries (equal shares) can be named and Social Security numbers are required.


Headquartered in Saint Paul, Minnesota, Hiway Federal Credit Union offers membership to almost every US citizen or resident alien:

Easy Membership: Anyone who joins the Minnesota Recreation and Park Foundation (MRPF) or the Association of the United States Army (AUSA) is eligible to join Hiway FCU.

MRPF is a non-profit organization dedicated to promoting recreation and parks for the purpose of enhancing the quality of life in Minnesota communities. There is a one-time $10 fee required to join.

AUSA is a private, non-profit educational organization that supports America’s Military-Active Army, Army National Guard, Army Reserve, Government Civilians, Retires, Veterans, Disabled Veterans, Family Members and Civilians. There is a one-time $40 fee required to join.

Residency: Individuals who live, work, worship, or attend school in Saint Paul/Minneapolis Metro Community Area are eligible to join.

Employment: Employees of more than 220 Select Employee Groups (including the Minnesota Department of Transportation, Minnesota Department of Public Safety, and Minnesota National Guard) are eligible to join.

Relationship: Individuals whose family members or household members are membership-eligible.

Joining Hiway FCU and/or opening a CD can be done online, or at any of eight Minnesota branches located in Minneapolis and Saint Paul (7).

A $5.00 minimum balance establishes your membership, represents
your credit union share and entitles you to all of Hiway’s benefits.

Credit Union Overview

Hiway Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.49% (excellent) based on March 31, 2019 data. In the past year, Hiway FCU increased its total deposits by $20.45 million, an above average annual growth rate of 2.03%. Please refer to our financial overview of Hiway Federal Credit Union (NCUA Charter # 24360) for more details.

Established in 1931 for the benefit of the employees of the Minnesota Highway Department, Hiway Federal Credit Union is currently Minnesota’s fifth largest credit union, with nearly 75,000 members and assets in excess of $1.1 billion. In 2014, Hiway FCU was honored with a Desjardins Adult Financial Education Award, which is named after Alphonse Desjardins, the "father" of the North American credit union movement. Jointly sponsored by the Minnesota Credit Union Network and the Credit Union National Association, the award recognizes leadership in improving adult financial literacy by a credit union.

How the Certificates Compare

When compared to 214 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit ($5k or less) and are nationally available, Hiway Federal Credit Union's 14-month Certificate APY currently ranks second.

Interest RateCD Length of TermCredit Union/Bank
2.85% APY12-Month CDQuontic Bank
2.70% APY14-Month CertificateHiway Federal Credit Union
2.68% APY13-Month Online CDMutualOne Bank

When compared to 179 similar length-of-term CDs tracked by DepositAccounts.com that are nationally available, Hiway Federal Credit Union's 60-month Certificate APY currently ranks fourth, regardless of minimum deposit requirement.

Interest RateCD Length of TermCredit Union/Bank
3.50% APY5-Year Certificate ($1k min)Navy Federal Credit Union
3.30% APY5-Year Promotional CD ($10k min)The Federal Savings Bank
3.25% APY60-Month CD ($1k min)Thrivent Federal Credit Union
3.20% APY60-Month Certificate ($25k min)Hiway Federal Credit Union

The above rates are accurate as of 7/15/2019.

To look for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.

Related Pages: Minneapolis CD rates, 1-year CD rates, 5-year CD rates, nationwide deals


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Hiway Federal Credit Union Offers Competitive 4-Year CD
Availability: Easy membership

Hiway Federal Credit Union (Hiway FCU) ended the work week by raising the rate on its 48-59 month CD (2.10% APY). This is the first rate increase for the 48-59 month CD since its initial offering in January 2011.

The minimum opening deposit to earn the 2.10% APY is $10K; deposits less than $10K earn 1.30% APY.

The 48-59 month CD is also available as an IRA (Traditional, Roth, and CESA) earning the same APYs, with the same funding requirements.

As stated in Certificate Accounts Disclosure, the Early...

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