Advertiser Disclosure

Pros

Monthly service fees are either nonexistent or easy to avoid.
Members have free access to over 54,000 ATMs.

Cons

0.25% APY on basic savings; better rates available elsewhere.
Doesn't participate in shared branching.

Overall

3.5

Connexus Credit Union offers a good basic checking option and a decent savings account. It has very few branch locations, but Connexus has a helpful website and solid online and mobile banking platforms.

Ratings methodology | Reviewed Sept. 28, 2016

Checking

4.5

The most basic account, Innovative checking, doesn’t have a monthly fee or an initial deposit requirement. It doesn't have any sign-up requirements, but also doesn't pay interest. The two advanced options, MyRewards and Xtraordinary checking, which weren’t factored into our ratings, don’t have monthly fees either. For balances up to $25,000, Xtraordinary checking offers an annual percentage yield of 1.75%, while MyRewards accounts earn 1.35% APY.

You will, however, have to meet a few requirements to qualify for the higher-end accounts. If you’re able to qualify, Connexus covers up to $25 for fees racked up at other banks’ cash machines.

Xtraordinary Checking
1.75%
APY
$0
Monthly fee
None
Balance to waive monthly fee
Learn moreat Connexus Credit Union
Personal Savings Account
0.25%
APY
$100
Min. balance for APY
Learn moreat Connexus Credit Union
Share Certificate
1.42%
APY
$5,000
Min. balance for APY
1 year
Length of term
Learn moreat Connexus Credit Union
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Overall
Customer service
Excellent
Website / app
Excellent
Rates
Excellent
Fees
Fair
Really great checking and cd rates!
They have the highest rates for checking account and share certificates of deposit in the country. They also have a fantastic app with tons of features, and customer service has always been great.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Why bother being used to finance their local customers
This bank advertises for nationwide online customers, but will treat you like garbage if you are not a local customer. The only purpose they USE customers from around the country is to use them to finance their local lending. They are 100 useless. Any other bank is better,
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