Kellogg Community CU (MI) Adds 18-Month CD Special

POSTED ON BY

Deal Summary: “Pot of Gold” Certificate Specials – 18-month, 1.75% APY ($500 min), 1.85% APY ($50k min); 8-month 1.40% APY ($500 min), 1.50% APY ($50k min); new money required.

Availability: Residents of 15 west Michigan counties.

Kellogg Community Credit Union’s (KCCU) has two added “Pot of Gold” Certificate Specials: 8-month and 18-month with tiered APYs ($500 and $50k minimum deposits). These limited-time specials require new money.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.85*%$50k-Kellogg Community Credit Union18 Month Certificate Special (New Money Only)
OTHER TIERS: 1.75% $500 - $50k
1.85*%$50k-Kellogg Community Credit Union18 Month IRA Certificate Special (New Money Only) (Traditional, Roth, CESA)
OTHER TIERS: 1.75% $500 - $50k
1.50*%$50k-Kellogg Community Credit Union8 Month Certificate Special (New Money Only)
OTHER TIERS: 1.40% $500 - $50k
1.50*%$50k-Kellogg Community Credit Union8 Month IRA Certificate Special (New Money Only) (Traditional, Roth, CESA)
OTHER TIERS: 1.40% $500 - $50k
Accounts mentioned in this post. Rates as of December 17, 2017.

”Pot of Gold” IRA (Traditional, Roth, CESA) Certificate Specials are also available, earning the same tiered APYs with the same funding requirements.

According to CSR, the Early Withdrawal Penalty for the 8-month Certificate Special is 90 days interest, and 180 days interest for the 18-month Certificate Special.

eChecking

About two years ago, KCCU introduced its eChecking account, which still earns 4.00% APY on qualifying balances up to $15k. The monthly qualifying requirements are,

  • Minimum of $500 in Direct Deposits
  • Minimum of four online banking logins
  • Minimum of 20 debit card transactions
  • Receive eStatements
  • Enrolled in bill pay
  • As stated on the eChecking landing page, applicants “must have a credit score of 640 or higher to qualify.” I don’t think I’ve ever seen that type of requirement listed before.

    Availability

    Headquartered in Battle Creek, Kellogg Community Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, worship, or attend school in the Michigan counties of Allegan, Barry, Berrien, Branch, Calhoun, Cass, Ionia, Kalamazoo, Kent, Montcalm, Newaygo, Ottawa, St. Joseph, and Van Buren eligible to join. (In the two years since I last wrote about KCCU, an additional six Michigan counties have been added to the FOM.)

    Relatives of current KCCU members also qualify for membership. Unlike many credit unions, KCCU's website does not specify which relatives qualify.

    Joining KCCU can be done online, or at any of twelve Michigan branches located in Battle Creek (5), Grand Rapids, Kalamazoo (2), Marshall, Portage, Springfield, and Three Rivers.

    According to CSR, opening a Pot of Gold Certificate Special must be done at any of the above mentioned branch locations.

    Credit Union Overview

    Kellogg Community Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 1.68% (excellent) based on June 30, 2017 data. In the past year, KCCU increased its total deposits by $22.22 million, an excellent growth rate of 5.5%. Please refer to our financial overview of Kellogg Community Credit Union (NCUA Charter# 68678) for more details.

    In 1941, twelve Kellogg Company employees contributed $5 each and applied for a charter, forming a credit union to serve the financial needs of Kellogg Company employees and retirees in Battle Creek.

    And so began a 76-year community co-operative financial journey. Today, Kellogg Community Credit Union holds assets in excess of $507 million and serves over 35,800 members.

    How the Certificates Compare

    When compared to the 185 similar length-of-term CDs tracked by DepositAccounts.com that are available within FOM, Kellogg Community Credit Union's 18-month Golden Certificate Special APY currently ranks second.

    When compared to the 248 similar length-of-term CDs tracked by DepositAccounts.com that are available within FOM, Kellogg Community Credit Union's 8-month Golden Certificate Special APY currently ranks second.

    The above rates are accurate as of 10/24/2017.

    To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table or our new Rates Map page.

    Related Pages: Grand Rapids CD rates, 1-year CD rates

    Comments
    Kellogg Community FCU (MI) Adds eChecking (New RCA)
    Availability: Residents of nine Southwestern Michigan counties.

    Kellogg Community Federal Credit Union’s (KCFCU) has added a new rewards checking account: eChecking, which earns 4.00% APY on qualifying balances up to $15K. eChecking offers the same benefits of KCFCU’s Classic Checking.

    Monthly Qualification Requirements

    • Minimum of $500 in Direct Deposits
    • Minimum of four online banking logins
    • Minimum of 20 debit card transactions
    • Receive eStatements
    • Enrolled in bill pay

    Refer A Friend Program

    Current KCFCU members will receive $25 for each new referred member who opens a checking account (minimum $100 opening deposit); the new member will...

    Continue Reading
    Kellogg Community FCU (Michigan) Raises Rates on 5-year CDs

    Southwest Michigan’s Kellogg Community Federal Credit Union’s (Kellogg Community FCU) just raised the rates on two of its long-term Share Accounts (CDs): 5-year CD (2.20% APY) and 5-year Golden CD (2.40% APY).

    The minimum opening deposit for the 5-year CD is a low $500, while the 5-year Golden CD requires a minimum $50K; there is no maximum balance cap for either CD. Both 5-year CDs are available as IRAs (Traditional, Roth and CESA) at the same rates, with the same funding requirements.

    According to Kellogg Community FCU’s Disclosures page,

    Continue Reading
    4.99% 7-Month CD ($5K Max) at Kellogg Community FCU in Michigan - Local Only
    Kellogg Community FCU is having a grand opening special with a 4.99% APY 7-month certificate. Minimum deposit is $500, and the maximum is $4,999. It requires that you also open a checking account with direct deposit of at least $100. It's scheduled to last through this week but it could end at anytime. This special is not listed at the credit union's website. A reader emailed me info on this, and I just called for additional details.

    The CSR said that this special is only available at their two new branches...

    Continue Reading