Credit Union 1—a leading financial institution with branches across Illinois, Indiana, and Nevada, and serving members nationwide—recently announced the launch of a limited-time 44-month share certificate with special one-time cash bonuses for qualifying deposits. Credit Union 1’s share certificates are similar to certificates of deposit (CDs) offered by banks. New and existing members of Credit Union 1 can lock in a rate of 3.00% APY and will be eligible for a one-time bonus of up to $500 based on the size of their deposit. The bonus is only applicable to share certificates opened with new money.
“Share certificates and CDs are a safe, low-risk way to save money, which is more important in this financial climate than ever. As The Federal Reserve continues to raise interest rates, the dividends share certificates pay are better than ever, meaning it is an excellent time to lock in a strong rate to watch personal savings grow year over year,” says Todd Gunderson, President and CEO of Credit Union 1. “One of the ongoing benefits of membership with Credit Union 1 is access to special offers like this—we are continually developing new banking and loan solutions to help our members meet their unique financial goals.”
New and existing members who open a 44-month share certificate with new money will be eligible for a bonus of up to $500. Members who deposit between $100,000-$249,000 of new money will be eligible for a bonus of $250, and those who deposit $250,000 or more of new money will be eligible for a bonus of $500. New money is defined as money not on deposit with Credit Union 1 within the last 12 months and transferred in from a different financial institution. Money withdrawn from Credit Union 1, then redeposited within a 12-month period from the date of withdrawal, will not qualify as new money.
Credit Union 1’s 44-month share certificate launched Aug. 15, 2022, and is expected to run through Sept. 30, 2022. Those interested can sign up for this special offer in-person by visiting a local CU1 branch, over the phone by calling 800.252.6950, or online.
