Personal & Business
Investment Services
We have your financial back.
Your Plan for the Future Should Be Made Carefully
At North Star Credit Union, our staff is there to assist customers with investment options. As you plan for your future, we are able to show you ways to optimize your finances and prepare you for financial freedom. We provide a variety of options including preferred share account, money market share account, certificate of deposit, and individual retirement accounts (IRA) savings.
Preferred Share Account
No minimum balance and no monthly fee.
| Deposit Amount | Interest Rate (APY)* |
| $100-$9,999 | 0.10% |
| $10,000-$19,999 | 0.20% |
| $20,000-$39,999 | 0.25% |
| $40,000-$99,999 | 0.30% |
| $100,000 and up | 0.30% |
*Annual Percentage Yield
Rates effective November 2022 and subject to change without notice in our credit union MN.
Money Market Share Account
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 | 0.20% |
| $10,000 – $24,999 | 0.25% |
| $25,000 and up | 0.30% |
*Annual Percentage Yield
Rates effective November 2022 and subject to change without notice.
Certificate of Deposit (CD)
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.
Individual Retirement Accounts (IRA) Savings
Retirement should be a time to relax; North Star Credit Union in MN wants to make sure you have money when you need it.
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 Contributions may be withdrawn tax-free anytime but are not tax deductible.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.
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.