To join you must make a one-time donation of $5 to the Connexus Association and deposit $5 into a Connexus savings account.
However, you must become a member to open a share certificate account. Many banks don’t require a particular minimum deposit, and those that do typically ask for deposits ranging from $500 to $1,000.Ĭonnexus is available nationwide. You may choose the option to have dividends deposited to a Connexus account or to receive it as a check.Ĭonnexus share certificates require a minimum deposit amount of $5,000, which is comparatively higher than most competitors in our list. With Connexus, dividends (or interest) are compounded and credited on a quarterly basis. Why we chose this bank: Connexus Credit Union offers high APY rates for short-term CDs of 12, 24 and 36 months.Ĭonnexus Credit Union offers high-yield share certificates (traditionally called CDs at banks) for terms of one to five years.
