Premier Credit Union (IA) Adds 20-Month Certificate Special


Availability: Residents of Boone, Dallas, Jasper, Madison, Marion, Polk, Story, and Warren Counties, Iowa

Premier Credit Union (Premier CU) recently withdrew its long-running 14-month Certificate Special, but added a new 20-month Certificate Special (2.00% APY) a few days ago. The minimum opening deposit is $10k, with no balance cap.

As stated in Premier CU’s Truth In Savings document, the Early Withdrawal Penalty reads as follows:

For Investor, Premier, Special and Referral certificate accounts,
the amount of early withdrawal penalty for your account is 90 days' interest.

High Yield Checking

Premier CU’s High Yield Checking account earns 3.00% APY on qualifying balances up to $10k; qualifying balances above $10k and non-qualifying balances both earn 0.10% APY.

High Yield Checking Qualifying Requirements

  • Have at least 25 signature-based debit card purchases.
  • Have at least one Direct Deposit.
  • Be enrolled in eStatement.
  • Sign into Online Banking at least once


Headquartered in Des Moines, Premier Credit Union’s field of membership is residency based, with individuals who live or work in the Iowa counties of Boone, Dallas, Jasper, Madison, Marion, Polk, Story, or Warren eligible for membership.

Joining Premier CU can be done online or at any of four Iowa branches located in Ames, Des Moines (2), and West Des Moines.

Opening the 20-month Special Certificate can be initiated using the online application, but an in-person visit to any branche location is required to complete the process.

(Note: as of today, the 20-month Special Certificate is not listed on the online application. CSR indicated that IT was in the process of updating the online application.)

Credit Union Overview

Premier Credit Union (NCUA Charter # 64271) has an overall health grade of "A" at, with a Texas ratio of 5.11% (excellent) based on March 31, 2016 data. In the past year, Premier CU has increased its total deposits by $13.17 million, an excellent annual growth rate of 11.25%. Please refer to our financial overview of Premier Credit Union for more details.

Premier Credit Union was originally chartered in 1933 as the Bankers Life Employees Credit Union, with membership restricted to employees and retirees of Bankers Life Company. In 1986, Bankers Life Company changed its name to Principal Financial, and the credit union subsequently became Principal Financial Group Employees Credit Union. The Credit Union's name changed again in 2001 to the current Premier Credit Union, to better describe its membership base and its core mission of providing "Premier Service and Premier Choices at Premier Credit Union." Premier CU is currently Iowa’s 14th largest credit union, with more than 15,600 members and assets in excess of $154 million.

How the CD Compares

When compared to the 170 similar length-of-term CDs tracked by, which require a similar minimum deposit and are available to residents in the Des Moines-Ames metro area, Premier Credit Union's 20-month Certificate Special ranks first.

The above rates are accurate as of 6/9/2016.

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

Premier Credit Union (IA) Adds 14-Month CD Special - Local Only

In August, Premier Credit Union (Iowa) introduced a highly competitive 5-month CD Special (1.00% APY).

This week, Premier Credit Union (PCU) added another competitive CD Special to its product line: a 14-month CD Special (1.40% APY). This new CD Special requires a minimum $10K opening deposit and there is no maximum balance cap.

The Early Withdrawal Penalty, according to PCU’s Truth-In-Savings Disclosure, is as follows:


Premier Credit Union is operating under a new community charter, which has expanded its field of membership. Anyone...

Continue Reading
Premier Credit Union (IA) Introduces New Competitive 5-Month CD Special

Earlier this month, Premier Credit Union (Iowa) introduced a new, highly competitive 5-month CD Special (1.00% APY). This 5-month CD Special requires a minimum $2K deposit to open, with interest credited and compounded quarterly.

The Early Withdrawal Penalty on all Premier Credit Union "Special" CDs is 90 days interest. Given the short term length of this CD (150 days +/-), the Early Withdrawal Penalty is fairly substantial


Premier Credit Union is operating under a new community charter, which has expanded its field of membership....

Continue Reading
Top CD and Money Market Rates at Premier Credit Union in Iowa - Local Only

Premier Credit Union is offer several very competitive CD and money market rates. The best CD rates range from 2.00% APY for an 18-month term to 2.80% APY for a 5-year term. Minimum deposit is $5,000. For the money market account, the top rate is 1.50% APY for balances of at least $100K. The rates go down quite a bit for the lower tiers (1.10% APY for $50K to $100K and 0.80% APY for $25K to $50K). These rates are listed in the credit union's rates page as of 11/12/2010.


Continue Reading
High-Yield Reward Checking Account at Premier Credit Union in Iowa - Local Only

Premier Credit Union is offering a high-yield reward checking account with a notable rate. I'm not sure how I missed this credit union's reward checking account. It appears to have been around since at least April 2009. It definitely deserves a mention. Below are the rates if certain monthly requirements are met (as of 11/12/2010):

  • 4.00% APY on balances up to $25,000
  • 0.25% APY on portion of balance above $25,000
  • 0.25% base rate if requirements are not met

Monthly requirements include:

  • 15 signature-based Debit Card transactions
  • Direct deposit
  • Online account access
  • Receive e-statements

There are no monthly fees or...

Continue Reading

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.