Kohler Credit Union (WI) Adds 23-Month CD, 2.75% APY (w/checking)

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Deal Summary: 23-month Share Certificate, 2.75% APY w/direct deposit, 2.50% APY w/o direct deposit, $10k minimum deposit, new money.

Availability: Residents of eight southeastern Wisconsin counties.

Kohler Credit Union (Kohler CU) is currently offering a 23-month Share Certificate, which earns either 2.75% APY (w/direct deposit) or 2.50% APY (w/o direct deposit). The minimum deposit is $10k of new money, with no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.75%$10k-Kohler Credit Union23 Month Share Certificate with Direct Deposit - New Money Special
2.50%$10k-Kohler Credit Union23 Month Share Certificate - New Money Special
Rates as of May 22, 2018.

The direct deposit needs to be a “deposit of a net check” to any of four Kohler CU checking accounts: Basic, Economy, Direct Connection, and Golden Shares. Somewhat surprisingly, none of these checking accounts is a rewards checking account or an interest bearing account.

The 23-month Share Certificate is also offered as an IRA (Traditional, Roth, and CESA) earning the same APYs, with the same funding and checking relationship requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.75%--Kohler Credit Union23 Month IRA Certificate with Direct Deposit - New Money Special (Traditional, Roth, CESA)
2.50%$10k-Kohler Credit Union23 Month IRA Certificate - New Money Special (Traditional, Roth, CESA)
Rates as of May 22, 2018.

In a Live Chat, CSR stated that the Early Withdrawal Penalty for the “23-month Share Certificate would be 180 days’ worth of interest.”

Availability

Headquartered in Kohler, Wisconsin, Kohler Credit Union’s field of membership (FOM) is residency-based, with individuals who live or work in the southeastern Wisconsin counties of Calumet, Fond du Lac, Manitowoc, Milwaukee, Ozaukee, Sheboygan, Washington, or Waukesha eligible to join.

Employees, retirees, and parishioners of nine SEGs (including Kohler Company and Kohler-General) also qualify for membership.

Immediate family members (parent, child, sibling, spouse, grandparent, grandchild) of current Kohler CU memberships are welcome to apply.

Joining Kohler CU and/or opening a Share Certificate can be done online, or at any of the ten Wisconsin branches located in Grafton, Howards Grove, Kohler, Mequon (2), Plymouth, Saukville, and Sheboygan (3).

Credit Union Overview

Kohler Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.83% (excellent) based on December 31, 2017 data. In the past year, Kohler CU has increased its total non-brokered deposits by $28.16 million, an excellent annual growth rate of 9.55%. Please refer to our financial overview of Kohler Credit Union (NCUA Charter # 66872) for more details.

Kohler Credit Union was established in 1938 for the benefit of Kohler Company employees. (Collateral trivia - while Kohler is known today for plumbing supplies, it originally made plows and other farm implements.) It was nearly 50 years before the FOM was expanded to include non-Kohler employees. Between 1983 and 2014, there were three FOM expansions, resulting in today’s community charter. Following mergers with two church credit unions (St. Nicholas Credit Union and Our Lady of Good Hope Credit Union), Kohler Credit Union is currently Wisconsin’s 19th largest credit union, with more than 39,300 members and assets in excess of $362 million.

How the Share Certificate Compares

When compared to the 284 similar length-of-term CDs tracked by DepositAccounts.com, which require a minimum deposit of $10k or less and are available with the FOM, Kohler Credit Union's 23-month Special CD APY currently ranks second.

Interest RateCD Length of TermCredit Union/Bank
2.80% APY24-Month CD ($1k min)Greenwood Credit Union
2.75% APY23-Month Share Certificate w/direct deposit ($10k min)Kohler Credit Union
2.70% APY24-Month Investment CD ($500 min)Bank5 Connect

The above rates are accurate as of 5/15/2018.

Looking for the best CD rates, both nationwide and in your state? Please refer to our CD Rates Table page.

Related Pages: Milwaukee CD rates, 5-year CD rates

Comments
4.50% 13-Month / 5.50% 54-Month CD at a Wisconsin Credit Union (Kohler)
Kohler Credit Union has some competitive rates on its special share certificates. The most competitive include a 4.50% APY 13-month CD and a 5.50% APY 54-month CD. The minimum deposit if $10,000, and new money is required. In addition, these specials require direct deposit OR active checking account (minimum 5 transactions in last month) OR $25,000 combined balance in non-certificate deposit accounts for the term of the certificate.

Membership is open those who live or work in Sheboygan, Calumet, Fond du Lac, Manitowoc, Ozaukee or Washington County, Wisconsin. Please refer to...

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