Collins Community Credit Union is promoting their CD specials which provides a very competitive interest rate. This money in the bank deal has the following current interest rates for their best certificates of deposit account:

12 month CD term

• $1,000 to $9,999.99                 1.31% APY
• $10,000 to $49,999.99             1.36% APY
• $50,000 to $99,999.99             1.41% APY

24 month CD term

• $1,000 to $9,999.99                 1.61% APY
• $10,000 to $49,999.99             1.66% APY
• $50,000 to $99,999.99             1.71% APY

48 months CD term

• $1,000 to $9,999.99                 2.22% APY
• $10,000 to $49,999.99             2.27% APY
• $50,000 to $99,999.99             2.32% APY

The minimum deposit required to open a certificate of deposit account and earn their best interest rate is $1,000. The earnings of this money in the bank deal is compounded every quarter. Penalties on this best CD account may be imposed when you take out funds before the maturity date. Take note that the current CD rates are subject to change anytime without notice.

This best certificate of deposit account is renewable, although you will be given 10 days to decide if you want to withdraw your money to avoid the penalty. The credit union allows you to review your account and pay your bills using online banking with bill pay.

Membership with Collins Community Credit Union is open to businesses or individuals residing or working in the counties of Washington, Muscatine, Louisa, Keokuk, Jones, Johnson, Iowa, Delaware, Cedar, Buchanan, Benton, and Linn. Relatives of existing members are also eligible to join.

You just need to complete the application form online and submit it back to the credit union. Do not forget to have a copy of your government issued ID since the credit union will be requesting for it. The credit union’s website did not mention anything about membership fees but the minimum deposit for your share savings account to qualify for membership is $5.

Collins Community Credit Union was opened in 1940. Currently, they have a total of 9 branches in the state of Iowa. The credit union is also registered under NCUA charter number 62969.