At the North Star Credit Union, we want our business members to be set up for success. As you plan for the future of your business, we are able to show you ways to optimize your finances and maximize your gains.
No minimum balance required – No monthly fee – Higher interest bearing on larger dollar amounts
| Deposit Amount | Interest Rate (APY)* |
| $100-$9,999 | 0.10% |
| $10,000-$19,999 | 0.30% |
| $20,000-$39,999 | 0.35% |
| $40,000-$99,999 | 0.40% |
| $100,000 and up | 0.40% |
*Annual Percentage Yield
Rates effective March 19, 2020 and subject to change without notice.
Three free withdrawals per month; $10 per withdrawal above 3. Balance below $1,000 at any time is a service of $10 at the end of the month.
| Deposit Amount | Interest rate (APY)* |
| $0 – $999 | 0.00% |
| $1,000 – $9,999 | 0.30% |
| $10,000 – $24,999 | 0.35% |
| $25,000 and up | 0.40% |
*Annual Percentage Yield
Rates effective March 19, 2020 and subject to change without notice.
Certificates are a secure solution to your savings.
Our terms range from 6 months to 60 months, the longer the term, the more you will earn. You can choose to have dividend payments compound or transferred to your account monthly, quarterly, semi-annually, annually, or at maturity.
| Certificate Term | Certificate Rates (APY*) |
| 6 Months | 0.35% |
| 12 Months | 0.60% |
| 18 Months | 0.70% |
| 24 Months | 0.75% |
| 36 Months | 0.75% |
| 48 Months | 0.90% |
| 60 Months | 1.00% |
*Annual Percentage Yield
Rates effective March 19, 2020 and subject to change without notice.
Minimum Deposit of $500
Penalty for early withdrawal:
6-18 Month CD = 90 days, 24-60 Month CD = 180 days
Dividends Compounded Daily
Certificates will automatically renew at maturity unless redeemed. The renewed certificate will earn the current rate at the time of renewal.
Retirement should be a time to relax; North Star Credit Union wants to help you by making sure you have the money when you need it.
Share/Savings IRA Accounts
IRA Certificate of Deposits (current rates apply)
Traditional IRA
With a traditional IRA, you may invest up to the amount allowed by the U.S. Government, and contributions may be partially or fully deductible depending on your income and participation in an employer-sponsored plan. Withdrawals may not be made without penalty until age 59 ½ unless they are for higher education expenses or the purchase of a first home. Earnings are tax-deferred until withdrawn, and distributions must occur at age 70 ½.
Roth IRA
With a Roth IRA, you may also contribute up to the amount allowed by the U.S. Government. Contributions may be withdrawn tax-free anytime but are not tax deductible. Dividend income is subject to taxation, except after five years to buy a first home, or for any purpose after age 59 ½. Contributions from earned income can be made after age 70 ½, and mandatory distributions are not required.
IRA Certificate Rates
| Term | Rate (APY*) |
| 6 Month | 0.60% |
| 12 Month | 0.85% |
| 18 Month | 0.95% |
| 24 Month | 1.00% |
| 36 Month | 1.00% |
| 48 Month | 1.00% |
| 60 Month | 1.00% |
Minimum Deposit of $500
Penalty for early withdrawal:
6-8 months = 90 days and 24-60 Months = 180 days
Dividends Compounded Daily
*Annual Percentage Yield
Rates effective March 19, 2020 and subject to change without notice.
IRA Savings
| Minimum Balance | Rate (APY)* |
| $10 initial share deposit | 0.50% Variable |
*Annual Percentage Yield
Rates effective March 19, 2020 and subject to change without notice.
Consult a tax adviser for recommendations.