Kohler Credit Union (WI) Has Rate Leading 18-Month CD

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Deal Summary: 18-month Share Certificate, 2.15% APY, $10k minimum deposit.

Availability: Residents of eight southeastern Wisconsin counties.

Even though Kohler Credit Union’s (Kohler CU) 18-month Share Certificate recently experienced a significant drop rate (down 35 bps), its current 2.15% APY is still quite competitive. The minimum deposit is $10k, with no stated balance cap. When I first wrote about the 18-month Share Certificate, an additional 75 bps were available if new money was used. Unfortunately, that option is no longer offered.

The Share Certificate is also offered as an IRA Certificate (Traditional, Roth, and CESA), earning the same APY with the same funding requirements.

According to CSR, the Early Withdrawal Penalty (EWP) for the 18-month Share Certificate is 180 days of interest, with partial withdrawals allowed.

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, including step-relations) of current Kohler CU members are welcome to apply.

Joining Kohler CU and/or opening a Share Certificate can be done online. As of March 18, the ten Wisconsin branches are closed until April 13 (subject to change) because of the COVID-19 situation.

You simply need to open a share savings account with a minimum deposit of $5, which becomes your share in Kohler Credit Union and will remain on deposit for as long as you are a member.

Credit Union Overview

Kohler Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 5.52% (excellent) based on September 30, 2019 data. In the past year, Kohler CU has increased its total non-brokered deposits by $23.97 million, an excellent annual growth rate of 6.57%. 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 42,000 members and assets in excess of $429 million.

How the Share Certificate Compares

When compared to 151 similar length-of-term CDs tracked by DepositAccounts.com, which are available within the FOM and require a minimum deposit of $10k or less, Kohler Credit Union's 18-month Share Certificate APY currently ranks first

Interest RateCD Length of TermCredit Union/Bank
2.15% APY18-Month Share Certificate ($10k min)Kohler Credit Union
2.00% APY18-Month CD ($500 min)Pen Air Federal Credit Union
1.95% APY18-Month CD ($1 min)American Express National Bank

The above rates are accurate as of 3/19/2020.

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, 1-year CD rates

Comments
111
  |     |   Comment #1
I'm sure this offer will make Kohler (ahem) flush with cash...
Carpline
  |     |   Comment #2
To the point of overflowing? ;-)
Kohler Credit Union (WI) Adds 18-Month CD Special
Deal Summary: Share Certificate Specials – 9-month (2.75% APY), 18-month (3.25% APY) $10k minimum deposit, new money.

Availability: Residents of eight southeastern Wisconsin counties.

Earlier this week, Kohler Credit Union (Kohler CU) added new Share Certificate Specials: 9-month (2.75% APY) and 18-month (3.25% APY). The minimum deposit is $10k of new money, with no stated balance cap. Both Share Certificate Specials can be opened without new money (minimum $5k deposit), but the stated APYs are 75 bps lower.

The Share Certificate Specials are also offered...

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Kohler Credit Union (WI) Adds 23-Month CD
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.

The direct deposit needs to be a “deposit of a net check” to any of four Kohler CU checking accounts: Basic,...

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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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