Connexus Credit Union Review 2022 Bankrate
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Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
In addition to the basic savings account, youth savings and holiday club accounts are also available and pay the same yield.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The minimum opening deposit is $5,000. Connexus doesn’t offer any specialty certificates, such as a bump-up or no-penalty CD.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Money market account holders can order checks, but they aren’t free. Making more than four withdrawals in a month results in a $9 fee for each additional withdrawal.
The Innovative account is the credit union’s basic checking account that requires no minimum balance. You’ll have access to more than 54,000 fee-free ATMs, with no reimbursement for any surcharges resulting from use of out-of-network ATMs.
With the Xtraordinary checking account, there is an opportunity to qualify for rebates for ATM surcharge fees. But to earn interest, account holders must enroll in e-statements and spend at least $400 or make 15 purchases using a debit card.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
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The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.Editorial disclosure
All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. Connexus Credit UnionConnexus Credit Union Review 2022
Karen Bennett is a consumer banking reporter at Bankrate. She uses her finance writing background to help readers learn more about savings and checking accounts, CDs, and other financial matters. Updated November 10, 2022 Bankrate logoThe Bankrate promise
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At a glance
4.5 Bankrate Score CDs Checking Savings MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.Overview
Connexus Credit Union could meet the needs of consumers looking for low-fee banking or an interest checking account with a fairly competitive yield.Highlights
Free Checking Low Min Deposit Top CD Rates Compare offers Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsBask Bank
Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.Overall
Connexus Credit Union has branch locations in the Midwest but offers deposit products and financial services to consumers from coast to coast.Pros
The credit union is easy to join for consumers outside of the Midwest region. Minimum deposit requirements for the savings and checking accounts are either low or nonexistent. No monthly service or maintenance fees are charged. It offers a highly rated mobile app that includes bill pay, mobile check deposit and more.Cons
Members don’t have many accounts to choose from within each product category. The yields on savings accounts and money market accounts with a balance of less than $20,000 are modest.Connexus Credit Union bank products
Savings CD Money Market Checking 3.9 Bankrate ScoreConnexus Credit Union savings overview
Opening a regular savings account is required to maintain membership at Connexus Credit Union. The account charges no monthly fee, and the minimum deposit is just $5. The APY is above the national average, but below what the most competitive banks and credit unions offer. To earn interest, a minimum daily balance of $100 must be maintained.In addition to the basic savings account, youth savings and holiday club accounts are also available and pay the same yield.
Pros
No monthly fees are charged. A low minimum deposit is needed to open the account and earn the listed APY.Cons
The savings account yield is low compared to many other banks. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. 4.3 Bankrate ScoreConnexus Credit Union CD overview
Connexus Credit Union offers several different options for savers interested in CDs. All of the accounts are traditional CDs, and terms range from one to five years. As in most cases, the longer the length of your term at Connexus, the higher the APY. Each of the terms offer competitive APYs.The minimum opening deposit is $5,000. Connexus doesn’t offer any specialty certificates, such as a bump-up or no-penalty CD.
Pros
Each of the five CDs pays a competitive APY. Connexus offers a decent range of term lengths.Cons
Some savers may find the $5,000 minimum deposit unaffordable. Connexus doesn’t offer any specialty CDs. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer detailsCapital One
Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns. 4.6 Bankrate ScoreConnexus Credit Union money market overview
The Connexus money market account offers tiered annual percentage yields, providing savers who have bigger balances with higher yields. Account holders must deposit at least $1,000 to earn any APY, and balances of $20,000 or more are rewarded with a competitive APY.Money market account holders can order checks, but they aren’t free. Making more than four withdrawals in a month results in a $9 fee for each additional withdrawal.
Pros
The minimum opening deposit is manageable. The account pays competitive APYs with a balance of $20,000 or more. Check writing is available.Cons
Larger balances are needed to earn higher yields. 5.0 Bankrate ScoreConnexus Credit Union checking overview
Connexus Credit Union has a few checking account options: a noninterest-bearing Innovative checking account — the product scored for this review, an interest-bearing Xtraordinary checking account and a teen checking account for those 17 and under. None of the accounts charge a monthly fee.The Innovative account is the credit union’s basic checking account that requires no minimum balance. You’ll have access to more than 54,000 fee-free ATMs, with no reimbursement for any surcharges resulting from use of out-of-network ATMs.
With the Xtraordinary checking account, there is an opportunity to qualify for rebates for ATM surcharge fees. But to earn interest, account holders must enroll in e-statements and spend at least $400 or make 15 purchases using a debit card.
Pros
There’s no minimum deposit to open a checking account, but each Connexus member is required to open a regular savings account and deposit at least $5. Xtraordinary checking customers can get ATM surcharge fees refunded up to $25 a month.Cons
Xtraordinary account holders must meet certain criteria to earn interest. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer detailsSoFi
Member FDIC Checking Account Details 2.50 % APY To open To avoid feesBank experience
Connexus Credit Union has several branch locations in Ohio, Wisconsin and Minnesota. There are also more than 6,000 shared branches available to members and more than 54,000 surcharge-free ATMs accessible through the CO-OP and MoneyPass networks. Members needing assistance can reach out through the credit union’s online live chat or call 7 a.m. to 7 p.m. Central time, Monday-Wednesday and Friday; 9 a.m. to 7 p.m., Thursday; and 8 a.m. to 1 p.m., Saturday. Connexus members have access to several different perks, including a free financial consultation through the Connexus Investment Services Group program. All members also qualify for $1,000 of accidental death and dismemberment insurance coverage. Other services include debt management planning, housing counseling and online courses about budgeting, credit scores and homebuying. Another plus is the access members have to a highly rated mobile app. Mobile check deposit and bill pay are available. Members cannot use Zelle, but the credit union has its own person-to-person payment system, and there are no fees for sending or receiving payments. Payments are limited to 10 a day, up to a total of $1,500.About Connexus Credit Union
Connexus Credit Union offers products and services to 390,000 members across the country. It’s headquartered in Wausau, Wisconsin, and was founded in 1935. The credit union operates a handful of Connexus branches in the Midwest, and members can also make transactions at more than 6,000 additional branches of other credit unions in its network. Membership at Connexus depends on where you live or work and whether you’re associated with certain groups. Anyone who doesn’t live within one of the communities Connexus serves can join by becoming a member of the Connexus Association, a nonprofit provider of grants, scholarships and resources to promote financial literacy and education.Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .