SharePoint Credit Union has a couple of new CD rates that are among the highest available for the terms offered.  The new CD rate promotion gives customers a couple of options to choose from, depending on their savings goals or investment time horizon.

For short term funds, the credit union has an 11 month term CD with an interest rate of 1.50%.  For long term savings and investments, SharePoint has a 31 month term CD with yield of 2.00%.  Both accounts have minimum deposit requirement of $500.00 and a maximum deposit amount of $50,000.00.

With these promotional certificate accounts, account holders will earn a fixed rate, guaranteed for the term they choose.  Plus, the credit union rates are higher than the certificate of deposit rates offered by most banks and competing credit unions.  The short term, 11 month maturing account, has an interest rate that is more than six times the average rate found on 12 month term bank CD rates.  While, the longer term, 31 month maturing certificate, has a rate that is four times the national average rate on three year CD accounts.

The CD rate promotion is also available as IRA CDs.  Either, a Traditional IRA CD can be opened or a Roth IRA CD.  Additional steps required for Traditional and Roth Individual Retirement Accounts (IRA) CDs.

A penalty may be imposed for early withdrawal.  Deposit accounts are insured up to $250,000 through NCUA and $250,000 through Excess Share Insurance.  This is a limited term promotion, CD rates are effective 3/15/2017 and subject to change without notice.  Additional terms and conditions may apply.

SharePoint Credit Union is based in Bloomington, MN with additional branch locations in Andover, Burnsville, and St. Louis Park, MN.  SharePoint Credit Union is also open to anyone who lives, works, worships, volunteers, or attends school or conducts business in Anoka, Carver, Dakota, Hennepin, Ramsey, Scott or Washington County, Minnesota.

For more information about the current credit union CD rates or account terms, contact a SharePoint customer service representative at (952) 930-0700 or (800) 752-3494.  More information is also available at the credit union web site located at sharepointcu.com.

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