Credit union · NCUA insured
Northwoods Credit Union Savings Rates
Top CarrotNorthwoods Credit Union’s best savings rate is 0.30% APY on $10,000, with its Money Market. Rates checked October 16, 2026.
How Northwoods Credit Union’s savings rates compare
Compared with banks and credit unions near Duluth, MN-WI, where Northwoods Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Northwoods Credit Union
0.30%APY
- Requires
- None
- Minimum
- —
- Earns on $10,000 a year
- $30
Money Market
Top rate
Affinity Plus
3.50%APY
- Requires
- Monthly account activity
- Minimum
- —
- Earns on $10,000 a year
- $350
2nd-highest rate
Huntington Bank
3.25%APY
- Requires
- Another account
- Minimum
- $100
- Earns on $10,000 a year
- $325
Northwoods Credit Union savings score
73
Savings score
Higher than 33% of U.S. banks and credit unions
- $1,000 balance$1,0000.05%
- $10,000 balance$10,0000.30%
- $100,000 balance$100,0000.45%
- QualifiedQualified0.30%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Northwoods Credit Union ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the credit union’s website. Earnings assume the rate doesn’t change.
Money Market
0.30%APY
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $2,499 | 0.05% | — |
| $2,500 – $24,999 | 0.30% | $30 |
| $25,000 – $49,999 | 0.35% | — |
| $50,000 – $99,999 | 0.40% | — |
| $100,000 and up | 0.45% | — |
Sources (3)
- northwoodscu.org/accounts/hsa
- northwoodscu.org/accounts/money-market
- northwoodscu.org/accounts/savings-accounts
All captured Oct 5, 2026
Regular Shares
0.05%APY
Membership eligibility required. A $5 minimum deposit and balance is required to establish and maintain credit union membership.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $5 and up | 0.05% | $5 |
Sources (3)
- northwoodscu.org/accounts/christmas-club
- northwoodscu.org/accounts/savings-accounts
- northwoodscu.org/accounts/share-savings
All captured Oct 5, 2026
Special Savings
0.05%APY
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 0.05% | $5 |
Sources (1)
- northwoodscu.org/accounts/christmas-club · captured Oct 5, 2026
Non Dividend Acct
0.00%APY
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 0.00% | $0 |
Sources (1)
- northwoodscu.org/accounts/christmas-club · captured Oct 5, 2026
Special-purpose accounts
Educational IRA
0.35%APY
Membership eligibility required.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 0.35% | $35 |
Sources (1)
- northwoodscu.org/accounts/christmas-club · captured Oct 5, 2026
Roth IRA
0.35%APY
Membership eligibility required. No setup, administrative, monthly, or annual maintenance fees.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceNo setup, admin, monthly, or annual maintenance fees.Any balance | 0.35% | $35 | No setup, admin, monthly, or annual maintenance fees. |
Sources (3)
- northwoodscu.org/accounts/christmas-club
- northwoodscu.org/accounts/ira
- northwoodscu.org/accounts/savings-accounts
All captured Oct 5, 2026
Traditional IRA
0.35%APY
Membership eligibility required. No setup, administrative, monthly, or annual maintenance fees.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceNo setup, admin, monthly, or annual maintenance fees.Any balance | 0.35% | $35 | No setup, admin, monthly, or annual maintenance fees. |
Sources (3)
- northwoodscu.org/accounts/christmas-club
- northwoodscu.org/accounts/ira
- northwoodscu.org/accounts/savings-accounts
All captured Oct 5, 2026
Health Savings Account
0.25%APY
Available to eligible members enrolled in a qualifying high-deductible health plan (HDHP) meeting IRS eligibility requirements. Includes a debit card with no monthly fee. A one-time $25 setup fee applies upon opening, and an annual fee of $12 applies after the first year.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceIncludes debit card with no monthly fee. One-time $25 setup fee. Annual fee of $12 is assessed after the first year. Dividends compound and credit monthly.Any balance | 0.25% | $25 | Includes debit card with no monthly fee. One-time $25 setup fee. Annual fee of $12 is assessed after the first year. Dividends compound and credit monthly. |
Christmas Club
0.15%APY
Save throughout the year via payroll deduction or automatic transfers. Dividends earned on qualifying balances.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceDividends earned on qualifying balances.Any balance | 0.15% | $15 | Dividends earned on qualifying balances. |
Sources (1)
- northwoodscu.org/accounts/christmas-club · captured Oct 5, 2026
Who can join Northwoods Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live, work, attend school, volunteer, or worship in Carlton, Pine, St. Louis, Douglas, Burnett, Aitkin, Kanabec, or Itasca County are eligible to join.
Employers and groups
- Employees of listed select employer groups (Casino Pizza & Sub Shop, Potlatch, Cloquet Terminal Railroad, Cloquet Transit/LCS Coaches, Community Printing, Inter-Faith Care Center, RAM Mutual Insurance Company, Ray Riihiluoma, Inc., Re/Max of Cloquet, Sappi North America, Upper Lakes Foods, WKLK Radio Station) and members of VFW of Carlton are eligible to join.
Military, government and schools
- Employees of Carlton County, Carlton School District, City of Carlton/Carlton Fire Department, City of Wrenshall/Wrenshall Fire Department, or Esko School District are eligible to join.
Family and household
- Immediate family (including spouses, children, parents, siblings, and other qualifying relatives) and household members of current Northwoods Credit Union members are eligible for membership.
Membership information collected October 4, 2026.