St. Paul Federal Credit Union 60-Month CD Has a 3.05% APY


Deal Summary: 60-month CD, 3.05% APY, $1k minimum deposit.

Availability: Residents of the Twin Cities (St. Paul/Minneapolis) metro area; several SEGs, including some Federal Government agencies.

While the number of 3%+ APY CDs have dwindled, there are still some available, like St. Paul Federal Credit Union’s (St. Paul Federal) 60-month CD (3.05% APY). The minimum opening deposit is $1k, with no stated balance cap. The 3.05% APY has been in effect since February, but CSR stated there have been no indications of the rate dropping any time soon.

1.55%$1k-St. Paul Federal Credit Union60 Month CD
1.55%$1k-St. Paul Federal Credit Union60 Month IRA (Traditional, Roth, CESA)
Rates as of March 8, 2021.

The 60-month CD is also available as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.

As stated on the Certificate Rates page, the Early Withdrawal Penalty reads as follows:

The penalty we may impose will equal 365 days dividends on the entire balance. All dividends accrued, but not yet credited, will be paid to the share certificate at the time of withdrawal.


Headquartered in Saint Paul, Minnesota, the aptly named St. Paul Federal Credit Union’s field of membership (FOM) is both residency and employment based.

Residency: Individuals who live, work, worship, or do business in Saint Paul or downtown Minneapolis are eligible to join. Residents of the Twin Cities Underserved Area also qualify for membership.

Employment: Employees of several SEGs, including Local 110, International Brotherhood of Electrical Workers and some Federal Government agencies, are eligible for membership.

Family Relationship: Immediate family members of individuals who qualify for membership are eligible to join.

Complete membership details are available on St. Paul Federal’s Membership Requirements page.

Joining St. Paul Federal and/or opening a CD can be done online, or at any of five Minnesota branches, all located in Saint Paul.

With a minimum deposit of $5, you can start saving today by
opening a St. Paul Federal Credit Union Capital Savings Account.

St. Paul Federal participates in the CO-OP Shared Branch network.

By using a CO-OP Shared Branch, your membership and accounts remain at St. Paul Federal Credit Union, but you can access your accounts and conduct business with St. Paul Federal through any of the convenient CO-OP Shared Branch Locations.

Credit Union Overview

St. Paul Federal Credit Union has an overall health grade of "A" at, with a Texas Ratio of 2.74% (excellent) based on September 30, 2019 data. St. Paul Federal has an excellent capitalization level (14.61%), the result of holding $180.86 in assets with $26.43 million in equity. Please refer to our financial overview of St. Paul Federal Credit Union (NCUA Charter # 24358) for more details.

St. Paul Federal Credit Union’s history began in late 1952, when a group of St. Paul electricians obtained a charter to form a credit union for the benefits of members of the International Brotherhood of Electrical Workers, Local 110. The original charter was converted to a federal charter in 1987, allowing family members of the electricians to be included in the FOM. Seventeen years later, the charter was expanded to include the entire St. Paul community. Following a merger with Capital Trust Federal Credit Union in 2008, St. Paul FCU’s membership has grown to over 12,500 members, with assets in excess of $180 million.

How the CD Compares

When compared to 301 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, St. Paul Federal Credit Union's 60-month CD APY currently ranks first.

The above rates are accurate as of 12/21/2019.

To look for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.

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


St. Paul FCU's (MN) Simply Checking Earns Up To 4.99%, $20k Max
Availability: Residents of the Twin Cities (St. Paul/Minneapolis) metro area; several SEGs, including many Federal Government agencies and Local Union No. 110 of the International Brotherhood of Electrical Workers.

For better or worse, financial institutions frequently market their Rewards Checking Accounts (RCA) with distinctively unique names. St. Paul Credit Union has proved to be the exception: according to CSR, “It's our standard checking account, (you) just need to qualify for it based on the simply checking requirements.” At first I thought CSR has mistyped, meaning simple rather...

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5.01% Reward Checking Account at St. Paul FCU in MN - Local Only
St. Paul Federal Credit Union is offering a high-yield reward checking account with the following rates if certain monthly requirements are met:
  • 5.01% APY on balances up to $10,000
  • For portion of balance over $10,000, the rate is the default current rate of the respective checking account
  • If requirements are not met, account will earn the default current rate of the respective checking account
The monthly requirements include:
  • 15 debit card purchases
  • 1 direct deposit
  • Receive e-statements
Membership is open to those who live, work, worship, or attend school in the cities of Saint Paul or Minneapolis and...

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