Connexus Credit Union Review 2026: Checking, Savings and CDs
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Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Overview
Connexus Credit Union has a strong checking account that offers the potential to earn high rates. Its mobile apps receive high ratings in app stores, and it's part of a network of shared credit union ATMs and branches nationwide. The credit union’s savings account has no monthly fee, but it offers a low rate.
No monthly fees on checking or savings accounts.
Anyone can become a member.
Large branch network.
ATM fee rebates.
Low rates on savings accounts.
High minimum opening deposits for share certificates.
Requirements must be met to earn strong checking rate.
Product reviews
Savings
The strongest features of Connexus credit union’s savings account are no monthly fees and a low minimum deposit. The interest rate — 0.01% — is as minimal as it gets. (For higher rates, see our list of best savings accounts.) If an account has less than $100 and doesn’t get used in a year, and the member has no other accounts or loans, the credit union will charge a $5 monthly inactivity fee.
The credit union’s money market account has better rates, but you’ll need to deposit more than a million dollars to get the highest yields. We did not consider the money market account while rating Connexus Credit Union. Ultimately, the money market account and standard savings both fall short of the best savings accounts available.
» If you're looking for a better money market account, explore our picks for best money market accounts
Connexus Credit Union Simply Savings
Checking
Xtraordinary checking offers an annual percentage yield of 4.50% for balances up to $25,000, plus up to $15 in rebates to cover out-of-network domestic ATM fees. To get both perks, you have to accept paperless statements, make a direct deposit of at least $500, and meet one of two spending requirements: either 15 debit card purchases or $500 in debit card spending per month. If your balance is higher than $25,000, the amount above that limit earns 0.25% APY. If requirements aren’t fulfilled, you won’t earn any interest and no ATM fees will be reimbursed that month.
Connexus offers a few other checking accounts, which we didn’t rate for the purposes of this review: The Simply Free Checking account is a basic option that doesn’t pay interest, but like the credit union’s other checking accounts, it also doesn’t charge a monthly service fee. There's also a Teen Checking account that earns interest on all balances, including a decent promotional rate on amounts up to $1,000.
Connexus Credit Union Xtraordinary Checking
Certificates of deposit
Connexus offers solid rates on some of its share certificates, the credit union term for certificates of deposit. But there are steep minimum deposit requirements of $5,000 for regular certificates and $100,000 for jumbo certificates, which have only slightly better rates. Other credit unions and banks have more competitive rates and lower minimums.
» Want to see the best options? Browse NerdWallet's top certificate rates list
Full List of Reviewed Certificate Rates
| Term | APY | Min Deposit |
|---|---|---|
| 6 months | 3.50% | $5,000 |
| 1 year | 2.00% | $5,000 |
| 17 months | 4.30% | $5,000 |
| 2 years | 2.00% | $5,000 |
| 3 years | 2.00% | $5,000 |
| 4 years | 2.00% | $5,000 |
| 5 years | 2.00% | $5,000 |
Connexus Credit Union Certificate
Customer experience & overdraft fees
Customer experience
Connexus offers digital tools for budgeting and creating goals as well as access to over 5,000 branches nationwide through a shared network with other credit unions. There’s live chat and phone support six days a week. Membership, unlike at many credit unions, is open to people beyond certain regions or employers. One way for anyone to be eligible is by joining the Connexus Association, a charitable organization, for a one-time $5 fee.
Connexus offers lines of credit and loans, including mortgages (see our mortgage review).
Overdraft fees
Connexus charges an overdraft or returned item fee of $4, a significant drop from its previous fee of $29.95. The $4 fee is well below what some big banks charge, and it’s limited to twice per day. However, some financial institutions don’t charge overdraft fees at all. Connexus offers free overdraft protection transfers if you link a savings account to your checking. There's also an option to apply for an overdraft line of credit that carries an 18% APR.
Rating methodology
How we rate banks and credit unions
Banking writers and editors use an objective methodology to rate banks, credit unions, and other providers, and to recommend the best products.
100+
Financial institutions reviewed
100+
Financial institutions reviewed
We took a close look at around 100 financial institutions and financial service providers, including the largest U.S. banks based on assets, internet search traffic and other factors; the nation’s largest credit unions, based on assets and membership; and other notable players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more.
30+
Categories assessed
30+
Categories assessed
Each provider is evaluated across five weighted categories and 30 subcategories, including checking and savings accounts, certificates of deposit, customer experience, and overdraft services. For banks or credit unions without one or more types of accounts, the overall rating is modified to include only applicable categories. Institutions are not penalized if they don't offer every type of account.
60+
Data points analyzed
60+
Data points analyzed
We considered more than 60 data points for each provider. Depending on the category, these included account fees and rates (such as annual percentage yields), ATM and branch access, account features, account bonuses, customer service access and user-facing technology, such as innovative tools and mobile apps. We gathered this information for each financial institution from its website, a media representative or both.
Star rating categories
The review team is made up of seasoned writers and editors who cover personal banking deposit accounts, such as checking, savings and certificates of deposit, as well as related banking services, such as overdraft programs and ATM networks. For providers without one or more types of accounts, the overall rating is modified to include only applicable categories. Institutions are not penalized if they don't offer every type of account.
Financial institutions and providers surveyed are: Affirm, All America Bank, Alliant Credit Union, Ally Bank, Alto, Amalgamated Bank, American Express National Bank, Andrews Federal Credit Union, Associated Bank, Axos Bank, Bank of America, Bank5 Connect, Barclays, Bask Bank, BMO, Boeing Employees Credit Union, Bread Savings®, BrioDirect, Capital One, Cash App, CFG Bank, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens Access, Citizens Bank, Climate First Bank, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Current, Customers Bank, Discover® Bank, E*TRADE, EverBank, Fifth Third Bank, First Foundation, First Internet Bank, First Tech Federal Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, GO2bank, Golden 1 Credit Union, Hope Credit Union, Happen Bank, HSBC Bank, Huntington Bank, Ivy Bank, KeyBank, Lake Michigan Credit Union, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, My Banking Direct, NASA Federal Credit Union, Navy Federal Credit Union, NBKC, Newtek Bank, OMB Bank, OnePay, Openbank, PayPal, Peak Bank, Pentagon Federal Credit Union, PNC, Poppy Bank, Popular Direct, Quontic Bank, Regions Bank, Revolut, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Securityplus Federal Credit Union, Self-Help Credit Union, Service Credit Union, SoFi, State Employees’ Credit Union of North Carolina, Synchrony Bank, TAB Bank, TD Bank, Truist Bank, U.S. Bank, UFB Direct, Upgrade, USAA Bank, Valley Bank, Varo, Venmo, Vio Bank, Wells Fargo, Western Alliance Bank, Zolve and Zynlo Bank.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for banks and credit unions and our editorial guidelines.