Credit Union MN

The 28-month Featured CD is also available as a Step-Up IRA (Traditional,Roth,CESA,and SEP) with the same $5K minimum deposit,but at the lower rate of 1.00% APY.

According to CSR,the Early Withdrawal Penalty is based on when the withdrawal occurs: the penalty is equal to the time left on the CD until maturity. In other words,a withdrawal 60 days before the maturity date would result in a penalty of 60 days interest.

SMW Credit Union1.50%$5k28 Month Featured CD
1.00%28 Month Featured Step-Up IRA (Traditional, Roth, CESA, SEP)

Accounts mentioned in this post. Rates as of January 11,2015


SMW Federal Credit Union (SMW) is a residency based credit union,with those who live,work,worship,volunteer,or attend school in Anoka County,MN,eligible for . All family members are also eligible for membership.

Joining SMW can be initiated(an SMW representative will contact you within one business day following application submission) or by visiting either the Lino Lakes or Maplewood branch. Opening a CD requires an in-person visit.

Credit Union Overview

SMW Federal Credit Union has an overall health grade of "A" at,with a Texas ratio of 4.21% (excellent) based on June 30,2014 data. In the past year,SMW (NCUA Charter #24363) increased its total deposits by $2.1 Million,an excellent annual growth rate of 4.02%. Please refer to our financial overview of SMW Federal Credit Union for more details.

SMW Federal Credit Union was established in 1953,with membership originally open to Local 10 union members and its retirees,and employees of companies affiliated with the SMW (Sheet Metal Workers) trade unions in Minnesota,North Dakota,and South Dakota. In 2006,SMW expanded its membership charter to all residents of Anoka County,the 4th most populous county in Minnesota.

How the CD Compares

Based on similar length-of-term CDs tracked by,with a $5K minimum deposit and available to Minnesota residents,SMW Federal Credit Union’s 28-month Featured CD fares very well.

SMW Credit Union

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