Connexus Credit Union is offering a special March Madness Certificate with a 3.00% APY for an 11-month term. Minimum deposit is $1,000. This rate is listed at this credit union's webpage as of 3/08/09. Other competitive CD rates are listed at the credit union's rate table as of 3/08/09. These include a 2.40% APY 6-month CD, a 2.75% APY 12-month CD and a 4.00% APY 60-month CD. There's also a competitive money market account with a 2.60% APY. This Y.E.S Money Market Account requires a $1,000 minimum balance and has a $250 withdrawal minimum.
The credit union continues to offer the Xtraordinary reward checking account with a 5.15% APY on balances up to $25,000 (see post).
Credit union membership is open to members of the Connexus Association in which anyone can join with a $5 donation to their scholarship fund. There's an online application at this CheckingFinder page in which you can join and open the reward checking account. Here are the instructions at CheckingFinder regarding the membership requirements and the initial deposits:
$50 deposit of which $5.00 will be deposited in your savings account and $5.00 will be a donation made to the Connexus Association with the remaining $40 in your checking.
Update 3/10/09: I was told by a Connexus Credit Union representative that you can apply directly through Connexus Credit Union's website at its Membership Request Page. You can then join the Connexus Association and the credit union with only $10. In the online application, select "Other" and then list that you will be joining through the Connexus Association.
The credit union is based in Wausau, Wisconsin. It is federally insured by the NCUA (Charter # 66538).