Hiway Federal Credit Union named to Kiplinger’s Best Credit Unions Almost Anyone Can Join
ST. PAUL, MN (July 27, 2020) — Hiway Federal Credit Union® (Hiway) was recently named to Kiplinger’s Personal Finance list of Best Credit Unions Almost Anyone Can Join for the second time. This year, Hiway was awarded with the second-place Silver in the national category. The publication highlighted Hiway’s new 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 new Hi Yield checking account offers a very strong 2.22% APY when members meet certain requirements. 1
“We’re in the business of improving the financial lives of our members and we’re honored to be recognized by a highly regarded organization like Kiplinger’s for the many ways we provide member value,” said Hiway President/CEO Dave Boden.
You can see the complete list of Best Credit Unions, 2020 in Kiplinger Personal Finance and Banking issue.
1. 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 APY will vary based on the account balance. The rate paid on balances up to $25,000 will be 2.22% 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 over 90,000 members in Minnesota and nationwide, registers $1.7 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 also operates four high school branches at Como, Harding, Highland and Johnson High Schools in St. Paul. For more information about Hiway, visit hiway.org.