Hiway Credit Union named to Kiplinger’s Best Credit Unions
ST. PAUL, MN (June 30, 2021) — Hiway Credit Union® (Hiway) was recently named to Kiplinger’s Personal Finance list of Best Credit Unions for the third consecutive year. This year, Hiway was awarded with the third-place Bronze in the national category. The publication highlighted Hiway’s Hi Yield Checking Account as well as the credit union’s competitive rates for Hiway’s savings accounts, money market accounts and certificates.
Kiplinger’s bases their honoree list on data from Informa Research Services while factoring in a credit union’s fee structure, minimum-balance requirements and rates of return on checking, savings and certificate accounts. Hiway’s Hi Yield checking account offers a very strong 2.02% APY when members meet certain requirements. 1
“For 90 years, Hiway Credit Union has existed to improve the financial lives of our members,” said Hiway President/CEO Dave Boden. “For a national renowned publication such as Kiplinger’s to again recognize us for our effort and that we provide value in a variety of ways gives credence to why we do what we do.”
You can see the complete list of Best Credit Unions, 2021 in Kiplinger Personal Finance and Banking issue.
1. APY is Annual Percentage Yield. To qualify for the Hi Yield Checking, you must meet the following requirements between the first and 27th of each month: 1) Maintain a minimum end-of-day balance of $1,000 (waived the month of account opening); 2) Complete 15 Hiway debit or credit card purchases (must post to your account); and 3) Maintain enrollment in eDocuments. If requirements are met, the Annual Percentage Yield (APY) will vary based on the account balance. The rate paid on balances up to $25,000 will be 2.02% APY and the rate paid on balances $25,001 and over will be 0.10% APY, resulting in a blended APY. Accounts closed before calendar month end will not qualify for the higher rate. Primary account holder must be 18 years of age or older. Not available for business accounts. Rates subject to change. Activity between 28th and end of the month will not be counted toward qualifications. Insured by NCUA.
About Hiway Credit Union
Hiway Credit Union was founded in 1931 to serve the employees of the Minnesota Highway Department. Today, Hiway serves an expanded member base, with more than 90,000 members in Minnesota and nationwide, registers $1.8 billion in assets and welcomes new membership from individuals and businesses. Hiway offers its members unparalleled service and value on the road of life through lower loan rates, higher savings rates, and fewer and lower fees. Hiway operates four high school branches at Como, Harding, Highland, and Johnson High Schools in St. Paul. For more information about Hiway, visit hiway.org.
