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Superior Choice Credit Union Share Certificates review

Plenty of term options to choose from, but high balances are needed to unlock the best rates.’s rating: 4.3 / 5.0


Superior Choice Credit Union (SECU) offers certificates of deposit (CDs) that span several months to five years. Rates are locked in for the term of the CD and dividends are credited monthly.

SECU’s CD rates range from 0.10% to 1.5% APY depending on the CD term. But unlike most CDs other financial institutions offer, rates are also determined by your minimum balance.

Both the term you choose and how much you decide to put into the account will determine your rates. You’ll also need to become a SECU member to open a CD.

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1-year APY


3-year APY


5-year APY


Star rate4.3
3-month APY0.1%
6-month APY0.2% on CDs of $0 to $9,999.99
0.15% on CDs of $25,000 to $49,999.99
0.4% on CDs of $100,000+
1-year APY0.45% on CDs of $0 to $9,999.99
0.55% on CDs of $25,000 to $49,999.99
0.65% on CDs of $100,000+
18-month APY0.45% on CDs of $0 to $9,999.99
0.55% on CDs of $25,000 to $49,999.99
0.65% on CDs of $100,000+
2-year APY0.55%
30-month APY0.55%
3-year APY0.65% on CDs of $0 to $9,999.99
0.75% on CDs of $25,000 to $49,999.99
0.85% on CDs of $100,000+
4-year APY0.75%
5-year APY0.85%
7-year APY1.5%
Early withdrawal penaltyEarly withdrawal penalty not advertised
Minimum deposit to open$5
Interest compoundingDaily

Review by

Matt Miczulski is an investments writer at Finder. After paying off $30,000 in debt in a little more than a year, he applied what he learned as a writer at FinanceBuzz, where he specialized in finance news, banking, debt and travel. He has been featured on MSN, Best Company, Money Done Right and Recruiter.

Expert review

If you’re eligible, prefer banking with a credit union and can earn its top rate, a CD with Superior Choice Credit Union might make sense. SECU offers a range of terms to choose from, which gives you more flexibility with how you choose to save.

But if you’re after a high interest rate with more lenient minimum balance requirements, you’re better off looking elsewhere. You’ll find that the best CD rates typically offer higher rates for lower minimum balances. Plus, other financial institutions like Quontic bank offer similar rates with a $500 minimum deposit, which is lower than what you’ll find at other banks.

How do I open a Superior Choice Credit Union Share Certificates?

To open a CD with SECU, you’ll first need to join as a member. Follow these steps to apply for membership and a CD:

  1. Go to the provider’s site and follow the steps to apply.
  2. Select Join Now and then Open an Account. Choose the accounts and services you want and select Next. Note that all new members will require a Membership Savings account.
  3. Enter your personal information, including your name, address and Social Security number. You’ll also need to enter a valid ID number, your employment information and how you plan to use your new account.
  4. Select the eligible community where you reside or work and confirm your account selections.
  5. Accept the SECU account agreements and disclosures.
  6. Confirm your tax ID number and backup withholding status.
  7. Enter your initial deposit amount and choose a funding method. When finished, select Submit.


You’re eligible to become a member of SECU if you’re employed or live in the following counties:


  • Carlton
  • Itasca
  • St. Louis

  • Ashland
  • Barron
  • Burnett
  • Clark
  • Chippewa
  • Douglas
  • Iron
  • Rusk
  • Sawyer
  • Taylor
  • Washington

SECU membership also extends to customers who are:

  • Current and future members of the Douglas County Historical Society in Superior, Wisconsin
  • Current and future members of the American Consumer Council (ACC)
  • Depositors and borrowers of Dairyland State Bank effective August 31, 2018, when it was acquired by SECU
  • Required information

    Provide the following information when you join SECU:

    • A minimum deposit of $5 to establish a share account
    • Your name, address and phone number
    • Your date of birth and Social Security number
    • A photo ID with your current address, or
    • A photo ID and another document showing your current address

    Funding options

    Fund your SECU account via electronic check, debit card or credit card. To fund your CD, use SECU’s online banking service to transfer funds from your existing SECU account or an external account.

    1 benefit of a Superior Choice Credit Union Share Certificates

    SECU members can look forward to the following benefit when opening a CD:

    • Flexible terms. SECU offers a range of short and long-term CD terms, giving you more flexibility with how you save. Available terms include:
    • 3 months
    • 6 months
    • 1 year
    • 18 months
    • 2 years
    • 30 months
    • 3 years
    • 4 years
    • 5 years

    2 things to watch out for

    SECU’s CDs aren’t right for everyone and have a couple drawbacks.

    • Minimum balance requirements. SECU bases its rates on both term and minimum balance, with its best rates reserved for the highest balances and longest terms. Many other CD issuers set their rates according only to the term of the CD.
    • High minimum balances to earn the best rates. SECU offers a competitive 1.05% APY on five-year CDs but only on balances over $100,000, making it a better option if you’re looking to open a jumbo CD.

    Compare SECU CD rates with other CDs

    Use this table to compare CDS by APY, terms and minimum opening deposit.

    Name Product 1-year APY 18-month APY 2-year APY 3-year APY 4-year APY 5-year APY
    Quontic Bank CD
    Lock in a high rate. Minimum of $500 required to open. Open your account in 3 minutes or less
    Bread Savings CDs
    With a $1,500 minimum deposit, you'll receive competitive interest rates and no hidden fees with this CD. FDIC insured.
    CIT Bank Term CDs
    Choose from a range of terms with no maintenance fees and $1,000 minimum to open.
    State Exchange Bank CD
    Locally-owned independent community bank. FDIC insured. No fees.
    Ponce Bank CD
    Open a 5-month, 13-month or 48-month CD with some of the highest interest rates available today

    Compare up to 4 providers

    How do I cash in a CD?

    SECU will notify you when your CD term ends, at which point you’ll have 10 business days to cash or renew the CD for another term. After 10 days, SECU will automatically renew it for you.

    As with most CDs, SECU will impose an early withdrawal penalty if you cash in your CD before it matures.

    How to contact Superior Choice Credit Union customer service?

    Contact SECU by phone, online form from its website, letter or in person at any of its branches.

    • Call 800-569-4167.
    • Send mail to Superior Choice Credit Union, PO Box 127, Superior, WI 54880.

    CDs ratings

    ★★★★★ — Excellent

    ★★★★★ — Good

    ★★★★★ — Average

    ★★★★★ — Subpar

    ★★★★★ — Poor

    We rate CDs and share certificates on a scale ranging from one to five stars based on what matters most to you. We consider two factors equally when rating CDs: minimum deposits and annual percentage yields (APYs) relative to term length. If a bank requires a different minimum opening deposit depending on the chosen term, we rate the CD based on the average minimum deposit across all terms. And although some institutions offer CDs with terms ranging from one week to 20 years, we only consider term lengths the FDIC uses in its monthly updates on national rates.

    Read the full methodology of how we rate CDs.

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