Baxter Credit Union offers a very attractive high interest savings account called Rainy Day Savings which earns 1.50% APY for the first 12 months after account opening, and with a chance to bump up to 3.00% APY after the first year. The top interest rate of 3.00% APY can only be enjoyed if you will make a deposit of at least $25 or a max of $500 every month.

Maximum opening deposit is $1000 which gives you a good head start in the savings program. You can only take out funds from this account twice in a year.

Interested individuals can sign up for this savings account online. You can also call their customer service line or drop by one of their branches to complete an application.

The interest rates that we have here may be changed without notice. It will be best to contact Baxter for any changes or updates with the interest rates.

The website about this high interest savings account and the online disclosure does not detail if there will be any fees or charges which can affect the earnings of your account.

Membership to the Baxter Credit Union requires a $5 deposit into a share savings account. People who work or live in the Illinois counties like Dupage, Lake, Kane, and McHenry are qualified to join. Folks from Kenosha in Wisconsin are also qualified. Other ways to sign up for the credit union are through select employee groups or family affiliation.

The credit union has a member base of around 138,000 and declared assets of around $1.4 billion.

The Baxter Credit Union is covered by the NCUA through charter number 68187.