What’s so great about a CD? CDs boost the amount you earn in interest income. When you reach the end of the term, the money is yours for whatever you need!
The base rates below can be boosted with the following bonuses!
0.50% New Money Bonus: Get an extra 0.50% if your CD is funded with more than 50% of new money to the credit union
0.25% Checking Bonus: Get an extra 0.25% if you have a Premium Rewards or Choice Rewards checking account
0.15% Real Estate Bonus: Get an extra 0.15% you have a checking account AND a Home Equity Loan or Line of Credit or Owner’s Choice Mortgage with a balance less than $50,000
0.25% Real Estate Bonus: Get an extra 0.25% you have a checking account AND a Home Equity Loan or Line of Credit or Owner’s Choice Mortgage with a balance equal or greater than $50,000
0.15% Mortgage Bonus: Get an extra 0.15% you have a checking account AND a Secondary Market Mortgage
0.10% Consumer Loan Bonus: Get an extra 0.15% you have a checking account AND a Consumer Loan with a balance greater than $10,000.
| Term | Balance | Base APY | Max APY |
|---|---|---|---|
| 12 - 23 Months | $500 - $34,999 | 0.15% | 0.90% |
| 12 - 23 Months | $35,000 - $74,999 | 0.25% | 1.00% |
| 12 - 23 Months | $75,000+ | 0.35% | 1.10% |
| 24 - 35 Months | $500 - $34,999 | 0.25% | 1.00% |
| 24 - 35 Months | $35,000 - $74,999 | 0.35% | 1.10% |
| 24 - 35 Months | $75,000+ | 0.45% | 1.20% |
| 36 - 60 Months | $500 - $34,999 | 0.45% | 1.20% |
| 36 - 60 Months | $35,000 - $74,999 | 0.55% | 1.30% |
| 36 - 60 Months | $75,000+ | 0.65% | 1.40% |
*APY=Annual Percentage Yield. $500 minimum balance required to open a certificate of deposit. To be eligible for a CD, member must also have a Premium Rewards, Choice Rewards, Basic or NEXT eRewards checking account. Maximum CD balance is $250,000. *CD rate will vary based on CD funds being new money to the credit union in the last 60 days and product relationship with the credit union. Penalty will be applied for early withdrawal. Fees incurred may reduce earnings on account.
For maximum savings potential and benefits—and a minimum opening deposit requirement—opt for Northern’s High Yield Savings Account. Exclusively offered with Choice Rewards Checking or Premium Choice Checking, you can:
Don’t wait! The only thing standing between you and high yield dividends is one whole dollar (and great FREE checking)!
| Account Balance | APY |
|---|---|
| $0 to $24,999.99 | 0.10% |
| $25,000 - $49,999.99 | 0.25% |
| $50,000 and over | 0.30% |
APY=Annual Percentage Yield. See Credit Union for account details.
*Initial High Yield deposits must be made from funds not on deposit at Northern Credit Union in the 30 days before opening the account. Available only to members with a Premium Choice Checking account. Failure to meet any of these requirements will result in account closure.
Looking for an easy way to start saving for something special or plan for a rainy day? Our Easy Savings Account is just what you’re searching for!
Does this sound like the right savings account for you? Don’t wait! There’s no minimum opening deposit requirement, so you can start saving now!
| Account Balance | APY* | Dividend Rate |
|---|---|---|
| $0 to $499.99 | 0.00% - 0.10% | 0.10% |
| $500 to $2,499.99 | 0.10% - 0.22% | 0.25% |
| $2,500 to $4,999.99 | 0.22% - 0.24% | 0.25% |
| $5,000 to $9,999.99 | 0.24% - 0.24% | 0.25% |
| $10,000 and over | 0.05% - 0.24% | 0.05% |
*APY=Annual Percentage Yield. See Credit Union for account details. Rates accurate as of June 1, 2020.
*You may make one (1) withdrawal(s) or transfer(s) from your account each monthly statement cycle. If your transactions bring the balance below $500.00, there will be a $5.00 monthly fee. Easy Savings accounts require an electronic transfer minimum monthly deposit of $25.00. Failure to meet any of these requirements will result in account closure.
Ready to teach your kids the value of saving? It’s never too early with the Smart S.T.A.R.T. Savings Program, open to kids up to age 12! Smart S.T.A.R.T. (Savings Today Are Rewards Tomorrow) ® provides a fun way for children to learn lifelong skills. Northern’s partnership with the NYS Zoo at Thompson Park provides our youngest members rewards sure to drive them WILD!
Start your kids off on the road to savings today!
| Account Balance | APY |
|---|---|
| $50 to $4,999.99 | 0.10% |
| $5,000 to $24,999.99 | 0.15% |
| $25,000 + | 0.20% |
APY=Annual Percentage Yield. See Credit Union for account details.
*Based on availability, reservation required.
Members can fund savings accounts for their child(ren) and limit access until their child(ren) reach the age of 18. The account owner is the child, but only one parent or guardian can be listed as the custodian and controls the account until the child is no longer a minor. After the child becomes an adult, the custodian will need to close the account and the funds will be given to the child to open a general membership savings or checking account.
NEXT eChecking with eStatements is great for today; NEXT eSavings sets you up for tomorrow! Designed for young adults ages 18–25 with NEXT eChecking, you:
Now that you’re saving in style, check out awesome products like auto loans and student loans that you can get with the rest of NEXT!
| Amount | APY | Dividend Rate |
|---|---|---|
| $0 - $500.00 | 5.00% | 4.89% |
| $500.01 and over | 0.10%-5.0% | 0.10% |
APY=Annual Percentage Yield. See Credit Union for account details. Limit one NEXT eSavings account per social security number. Failure to meet any of these requirements will result in account closure. Rates accurate as of June 1, 2020.
What’s better than earning high interest rates? The freedom to access your money when you want it with Northern’s Money Market Account!
Start earning great rates—without giving up convenience—now!
| Amount | APY |
|---|---|
| $0 - $9,999.99 | 0.10% |
| $10,000+ | 0.25% |
APY=Annual Percentage Yield. See Credit Union for account details.
There’s an easy way to save for those special times. With a Northern Christmas or Vacation Club Savings Account:
Let Northern help you on your way to a holiday or trip you won’t forget!
| Balance* | APY |
|---|---|
| $50 to $4,999.99 | 0.10% |
| $5,000 to $24,999.99 | 0.15% |
| $25,000 + | 0.20% |
APY = Annual Percentage Yield. See Credit Union for account details.
Ready to take the first step toward your savings goals? Then our Basic Savings account is for you!
The best part? You’ll become a Northern Credit Union member just for opening your account!
| Account Balance | APY |
|---|---|
| $50 to $4,999.99 | 0.10% |
| $5,000 to $24,999.99 | 0.15% |
| $25,000 + | 0.20% |
APY=Annual Percentage Yield. See Credit Union for account details.