SharePoint Credit Union's eSavings Earns 3.00% APY, Up To $10k


Deal Summary: eSavings account, 3.00% APY on balances up to $10k (2-year rate guarantee), balances of $10k+ earn 0.10% APY. Premier Rate Checking, 5.00% APY on balances up to $5k (2-year rate guarantee).

Availability: Residents of the Minnesota counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington; 60+ Partner Companies.

SharePoint Credit Union (SharePoint) is currently offering a competitive 3.00% APY on its eSavings account on balances up to $10k. The APY is guaranteed for two years following account opening. After two years, the rate will convert to the going rate on SharePoint’s Secondary Savings account (currently 0.10% APY). eSavings balances above $10k also earn 0.10% APY.

3.00*%-$10kSharepoint Credit UnioneSavings - Limited offer
OTHER TIERS: 0.05% $10k+
Rates as of March 5, 2021.

This limited-time offering requires a minimum $50 monthly direct deposit; if the direct deposit requirement is not met, a $3.95 fee will assessed. Enrollment in online banking is required. While eStatements are free, mailed paper statements cost $2 each. There is a limit of one eSavings account per member.

Premier Checking

SharePoint has been offering an introductory 5.00% APY on its Premier Checking account to new members for more than seven years. The 5.00% APY applies to balances up to $5k and is guaranteed for two years following account opening. At least ten debit card purchases are required to avoid the $5.95 monthly fee.

5.00*%-$5kSharepoint Credit UnionPremier Rate Checking - Introductory Rate for New Members
OTHER TIERS: 0.10% $5k+
Rates as of March 5, 2021.

Now through June 29, 2019, SharePoint is also offering a $100 bonus when opening a new Premier Checking account. There is a limit of one $100 bonus per member who have had “no prior checking relationship in the last six months.” The bonus will be deposited into a SharePoint Checking or Savings account when the Premier Checking account is open. If the Premier Checking account is closed within six months of opening, “SharePoint reserves the right to reclaim” the bonus.

Excess Share Insurance

SharePoint provides additional coverage for member accounts through the Excess Share Insurance (ESI).

Each member's account is federally insured to $250,000 by the National Credit
Union Administration (NCUA) - the soundest financial insurance fund in the United
States. We also provide an additional $250,000 of Excess Share Insurance (ESI),
bringing your total protection up to $500,000 for your accounts. SharePoint Credit
Union meets strict underwriting requirements to provide this additional $250,000.

For more information about ESI, you may find my blog post, ESI – Little Known Deposit Insurance for Credit Unions, helpful.


Headquartered in Bloomington, Minnesota, SharePoint Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live, work, worship, volunteer, attend school, or conduct business in the Minnesota counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, or Washington eligible to join.

In addition, employees of more than 60 “Partner Companies” also qualify for membership.

Joining SharePoint CU and/or opening a Premier Rate Checking account or an eSavings account can be done online or at any of six Minnesota branches located in Andover, Bloomington, Burnsville, Medina, Plymouth, and Saint Louis Park.

A Share Savings Account requires a minimum $5 balance; it gives you equal
ownership in SharePoint Credit Union, a not-for-profit, financial cooperative.

While SharePoint does not participate in a shared branching network, it does participate in MoneyPass, one of the largest surcharge-fee ATM networks, with access to more than 25,000 ATMs nationwide.

Credit Union Overview

SharePoint Credit Union has an overall health grade of "A+" at, with a Texas ratio of 2.30% (excellent) based on December 31, 2018 data. In the past year, SharePoint CU has increased its total non-brokered deposits by $25.74 million, an excellent annual growth rate of 14.82%. Please refer to our financial overview of SharePoint Credit Union (NCUA Charter # 63089) for more details.

SharePoint Credit Union was originally established in 1933 as the Red Owl Employees Credit Union. (Red Owl was an upper-Midwest grocery store chain.) A group of forwarding thinking Red Owl employees “pooled their money because they knew that the value of their funds would be greater if joined together.” The Credit Union applied the “greater if joined together” principle to its FOM, which eventually expanded to include seven Minnesota counties. As the FOM changed, the Credit Union needed a new name and the SharePoint re-brand occurred in 2009. SharePoint Credit Union merged with West Financial Credit Union about a year ago, and is now Minnesota's 18th largest credit union, with more than 23,400 members and assets in excess of $234 million.

How the eSavings Compares

When compared to 363 Savings account tracked by that are available within the FOM, SharePoint Credit Union’s eSavings APY clearly ranks first, but the $10k balance cap does hurt its competitiveness.

You can also think of the eSavings account as a 2-year CD with unlimited penalty-free withdrawals.

The above rates are accurate as of 5/29/2019.

To compare the top savings account rates, both nationwide and state specific, please refer to our Savings Account Rates Table page.

Related Pages: Minneapolis savings accounts, savings accounts, checking accounts

SharePoint CU (MN) Has "Sweet Savings" With New CD Specials

Deal Summary: 11-month CD Special, 1.50% APY; 31-month CD Special, 2.00% APY; $500 min/$50k max of new money.

Availability: Residents of the Minnesota counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington; 80+ Partner Companies.

SharePoint Credit Union (SharePoint CU) is offering “Sweet Financial Savings” with two new CD Specials: 11-month (1.50% APY) and 31-month (2.00% APY). The minimum deposit is $500, with a balance cap of $50k; both CD Specials require new money.

Both CD Specials are available as IRAs (Traditional, Roth....

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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.