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Credit Union CD Rates – 3-Month – Beloit, Wisconsin 2020

Below are the best three month CD Rates in Beloit, Wisconsin, WI from hundreds of credit unions. Three month CD rates are generally the shortest term offered by credit unions and come with the lowest interest rates. You may want to consider opening a 3 month CD if the rates are comparable to a savings and money market account, you don’t need the money for the timeperiod, and you feel that savings rates will drop.

Beloit, WI - June 4, 2020

CD National Average : 0.22% ?

Advertiser Disclosure
Credit Unions APY MIN MILES ?
0.90% $100,000 5576.90 Learn More
0.80% $10,000 5565.48 Learn More
Pcm
Restrictions
0.80% $500 0.00 Learn More
0.75% $500 5509.14 Learn More
R.i.a.
Restrictions
0.70% $500 5687.40 Learn More
Oakdale
Restrictions
0.60% $250 5672.05 Learn More
0.50% $1,000 5594.64 Learn More
0.50% $1,000 5586.74 Learn More
Oshkosh Community
Restrictions
0.50% $500 5592.18 Learn More
0.50% $2,500 5588.64 Learn More
Ohio Catholic
Restrictions
0.50% $100,000 - Learn More
Unison
Restrictions
0.50% $2,000 5589.67 Learn More
Fox Communities
Restrictions
0.50% $2,000 5592.55 Learn More
Covantage
Restrictions
0.50% $5,000 5661.79 Learn More
Thrivent
Restrictions
0.50% $1,000 5596.20 Learn More
Community First
Restrictions
0.50% $2,500 5594.36 Learn More
0.45% $500 5528.03 Learn More
Superior Choice
Restrictions
0.45% $100,000 5849.33 Learn More
Arcadia
Restrictions
0.45% $500 5731.67 Learn More
Ohio Catholic
Restrictions
0.40% $25,000 - Learn More
Badger-globe
Restrictions
0.40% $2,000 5596.38 Learn More
Hayward Community
Restrictions
0.40% $100,000 5798.21 Learn More
0.40% $1,000 5593.67 Learn More
0.40% $500 5549.98 Learn More
0.40% $1,000 5594.55 Learn More
0.40% $500 5595.02 Learn More
Westby Co-op
Restrictions
0.40% $10,000 5682.49 Learn More
Capital
Restrictions
0.40% $1,000 5592.17 Learn More
0.40% $1,000 5593.28 Learn More
Quorum
Restrictions
0.35% $100,000 5594.87 Learn More
Kohler
Restrictions
0.35% $500 5548.17 Learn More
Ripco
Restrictions
0.35% $500 5692.46 Learn More
Fond Du Lac
Restrictions
0.35% $500 5580.66 Learn More
Superior Choice
Restrictions
0.30% $10,000 5849.33 Learn More
Educators
Restrictions
0.30% $500 5513.50 Learn More
Landmark
Restrictions
0.30% $500 5533.21 Learn More
Brokaw
Restrictions
0.30% $10,000 5679.69 Learn More
Unitedone
Restrictions
0.30% $1,000 5555.69 Learn More
N.e.w.
Restrictions
0.30% $1,000 5607.01 Learn More
0.30% $5,000 5673.65 Learn More
0.30% $10,000 5689.42 Learn More
Firefighters
Restrictions
0.25% $1,000 5705.46 Learn More
Advia
Restrictions
0.25% $500 5558.09 Learn More
Prime Financial
Restrictions
0.25% $250 5527.68 Learn More
Quorum
Restrictions
0.25% $1,000 5594.87 Learn More
Tomah Area
Restrictions
0.25% $100 5679.14 Learn More
Unison
Restrictions
0.25% $500 5589.67 Learn More
Summit
Restrictions
0.25% $500 5593.39 Learn More
Royal
Restrictions
0.25% $100 5753.98 Learn More
Westconsin
Restrictions
0.25% $5,000 0.00 Learn More
Glacier Hills
Restrictions
0.25% $500 5552.84 Learn More
Ohio Catholic
Restrictions
0.20% $500 - Learn More
Premier Financial
Restrictions
0.20% $500 5569.35 Learn More
Focus
Restrictions
0.20% $5,000 5535.83 Learn More
Heartland
Restrictions
0.20% $500 5598.19 Learn More
0.20% $1,000 5592.82 Learn More
Hayward Community
Restrictions
0.20% $1,000 5798.21 Learn More
0.15% $10,000 5597.72 Learn More
0.15% $1,000 5576.90 Learn More
0.15% $1,000 5565.82 Learn More
Sheboygan Area
Restrictions
0.11% $25,000 5545.73 Learn More
Guardian
Restrictions
0.10% $250 5529.33 Learn More
0.10% $500 5512.69 Learn More
Fort Community
Restrictions
0.10% $500 5564.78 Learn More
Sheboygan Area
Restrictions
0.06% $10,000 5545.73 Learn More
Enterprise
Restrictions
0.05% $2,500 5536.33 Learn More
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Credit Union Certificates of Deposit 2020

Credit union certificates of deposit (“CDs”, also commonly called “time deposits�t at credit unions) are contract-based and time-based savings vehicles that are offered by credit unions. In return for agreeing to keep your money tied up with the credit union for a given time period, you earn a fixed rate or return that cannot change over the course of that period. Should you need your money before the expiration of the contractual period, the penalties for early withdrawal can be severe. Not all credit unions even offer early withdrawal from CDs; many that do offer it maintain the right to deny it in their fine print. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union. Read this article for further detail on early withdrawal penalties. {hyperlink: https://www.bestcashcow.com/articles/can-you-always-withdraw-your-money-early-from-a-cd-9178}

Many Americans enjoy performing their banking transactions with credit unions, citing better rates, non-profit status (owned by its depositors), more helpful employees, and a commitment to the community that is above the level offered by local banks. You will find a map with all credit unions that are close to you here. It is important to note that some credit unions have limited fields of membership, although others are more open ended. Under any circumstance, you must meet the membership requirements in order to become a member and open a CD or time deposit.

Those who are willing to tie up their money for one year will often get a slight premium over the best available savings rates. People who work with credit unions may find that they offer better rates on CDs or time deposits than local banks and online banks. You however should check the local bank rates where you live here and the online rates here.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

NCUA Insurance

Most, but not all, credit unions listed on BestCashCow are insured by the National Credit Union Administration (NCUA). You should confirm that the credit union that you are working with is NCUA-insured by visiting that institution’s BestCashCow page (NCUA coverage is detailed on the overview tab). The NCUA insures each named individual's deposits to $250,000 for all accounts at the credit union within ownership class. The rules are very similar, but not identical, to those for FDIC insurance. You should always stay within NCUA insurance limits.

BestCashCow strongly recommends that you deposit money only in NCUA insured credit unions and that you stay within insured limits. If you are considering depositing over $250,000 at a single NCUA-insured credit union across products (share certificates, time deposits, etc.) or across types of ownership (individual, joint, etc.) you should use the NCUA’s Share Insurance Toolkit in order to be sure that you are not exceeding coverage limits.

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS

Is my money any less safe at a credit union?

As long as your credit union is NCUA insured and you stay within the NCUA limits, As long as your credit union is NCUA insured and you stay within the NCUA limits, your money is no less safe than it would be in an FDIC-insured bank.

Is there any difference between a time deposit offered by a credit union and a CD account offered by a bank?

The difference is mainly one of terminology. But, you should always completely understand the terms of a time deposit or CD before you enter it, paying careful attention to the early withdrawal penalties. A reasonable early withdrawal penalty for a 1-year CD or time deposit is 3 months, and a reasonable early withdrawal penalty for a longer term CD is 6 months.

Does the small amount of interest gained on a time deposit make sense given the fact that I am losing access to my capital (liquidity)?

This is a decision that depends on your own specific circumstances, your needs for cash, and other investments that you may wish to pursue over the period of your time deposit or CD. The premium in a one-year CD is very small, with the premium of longer-term CDs being a little wider. A small difference in compounding interest can make a large difference over long period of time. You may wish to familiarize yourself with our Savings Booster Calculator  {insert hyperlink} in order to understand the importance of compounding interest at higher rates on your money over time.

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