Team One Credit Union (MI) 60-Month CD Earns 3.25% APY


Deal Summary: 60-month CD, 3.25% APY, $500 minimum deposit.

Availability: Michigan

Team One Credit Union’s (Team One) highest earning CD is a 60-month CD with an APY of 3.25%. Like all Team One CDs, the 60-month requires a minimum opening deposit of $500, with no stated balance cap.

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

The 3.25% APY has been in effect since December 2018. CSR stated she was not aware of any plans to “lower the rate any time soon.”

Dividends can be credited to a Team One savings or checking account. Partial withdrawals are permitted and, as stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty (EWP) reads as follows:

The amount of the penalty is based on the term.
The penalty schedule is as follows:

36-60 month maturity – 365 days

In addition to the EWP, there is a $10 “Certificate changed prior to maturity” fee. The grace period before a CD automatically renews is a generous 15 days.


Headquartered in Saginaw, Michigan, Team One Credit Union is another Michigan credit union that has recently expanded its field of membership (FOM) to include all U.S. citizens and resident aliens who live, work, worship, or attend school anywhere in the State of Michigan.

(FYI – more than 80% of the 50 largest credit union in Michigan now offer membership to all the state’s residents.)

Immediate family members (spouse, parent, or sibling) of current Team One members also qualify for membership.

Joining Team One can be done online, or at any of eleven full-service Michigan branches located in Bad Axe, Bay City, Bloomfield Hills, Caro, Flint, Owosso, Saginaw (3), Sandusky, and Traverse City.

A Team One Regular Savings account (no minimum deposit amount) is required to establish and maintain your membership.

If you close your Regular Savings before dividends are credited, you will also be required to close your Certificate with us and you may not receive accrued dividends on any of the Accounts closed.

At this time, a CD cannot be opened online, but can be opened at any of the above-mentioned branch locations or by phone (888.088.3261).

As a part of the CO-OP Shared Branching/ATM network, Team One CU offers its members access to 3,500 credit unions with more than 5,000 branches and nearly 30,000 surcharge-free ATMs nationwide.

Credit Union Overview

Team One Credit Union has an overall health grade of "A" at, with a Texas Ratio of 3.54% (excellent) based on March 31, 2019 data. In the past year, Team One has increased its total non-brokered deposits by $26.49 million, an excellent annual growth rate of 5.83%. Please refer to our financial overview of Team One Credit Union (NCUA Charter # 62141) for more details.

Team One Credit Union was established in 1935 as the Saginaw Teachers Club Credit Union. For more than twenty years, its official home was in the physics class at Saginaw High School and then moved to the front porch of the Credit Union Treasurer’s home. The Saginaw Main Office opened in 1967 with one full-time employee, Don Pilon. Mr. Pilon later became the first CEO of Team One Credit Union.

The Credit Union rebranded three times (1955, 1972, and 1993 as Team One) and expanded the FOM three times. In 2013, the FOM expanded to include 63 of Michigan’s 85 counties. Within the past few months, Team One began offering membership to residents in all Michigan counties. In almost 85 years of service, Team One Credit Union has grown to become Michigan’s 20th largest credit union, with nearly 53,000 member and assets in excess of $559 million.

How the CD Compares

When compared to 322 similar length-of-term CDs tracked by that require a minimum deposit of $5k or less and are available to Michigan residents, Team One Credit Union's 60-month CD APY currently shares the top spot with Wildfire Credit Union’s 62-month CD Special APY.

The above rates are accurate as of 8/3/2019.

Looking for the best CD rates, either nationwide or state specific? Please refer to’s CD Rates Table.

Related Pages: Detroit CD rates, Flint CD rates, Traverse City CD rates, 5-year CD rates


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