Extended Insurance Account

Added protection for your savings.

When your savings exceed standard insurance limits, an Extended Insurance Account offers extra protection while earning a dividend.

Contact us to get started Learn how it works

Key benefits for you

Everything you need to protect and grow your large balances.

How it works

Your funds are automatically distributed across partner credit unions, keeping each portion under the $250,000 NCUA limit.

Deposit funds

Add funds to your Connexus Extended Insurance Account.

Distribute automatically

Funds will be automatically distributed across partner credit unions.

Receive full NCUA coverage

Each $250,000 portion is covered by NCUA insurance.

Manage from one account

Access your funds anytime from a single account.

Getting started is easy

Maximize protection on your larger balances and start earning dividends in three simple steps.

Schedule a call

No obligation • Get expert guidance

Extended Insurance Program Account rates

ModernFI Rates
TierAPY*Dividend rates
$1 – $99,999.990.150%0.150%
$100,000 – $249,999.991.950%1.933%
$250,000 – $499,999.992.150%2.129%
$500,000 – $999,999.992.400%2.374%
$1,000,000 & over2.910%2.872%
Accurate as of 06/10/2026

*APY = Annual Percentage Yield.

The Extended Insurance Account earns an Annual Percentage Yield (APY) of 0.010% and a dividend rate of 0.010% on balances $1.00 and over, valid as of 06/10/2026. Rates are subject to change at any time without notice. Please contact us for more details.

Frequently Asked Questions (FAQs)

What is the Extended Insurance Account?

The Extended Insurance Account is a deposit solution that provides your larger balances with access to additional insurance coverage beyond the standard $250,000 limit. Through our partnership with ModernFi, your eligible deposits can be distributed across a network of participating credit unions, giving you access to increased insurance protection while maintaining a relationship with us.

How does the additional insurance coverage work?

Funds deposited in the Extended Insurance Account may be distributed across multiple partner credit unions within ModernFi’s network. Because each credit union provides its own separate insurance coverage, your total eligible balance can receive protection above the standard per-institution limit, which will help safeguard your larger deposit amounts.

How do I move funds in and out of my Extended Insurance Account and the network?

You can easily and securely move funds in and out of your Extended Insurance Account using Connexus Digital Banking on your phone, tablet, or desktop. Prefer personal support? Our knowledgeable team is available by phone to help you complete transactions and answer any questions.

Are my funds still accessible in the Extended Insurance Account?

Yes, your funds will remain accessible. You can withdraw your funds from the network and deposit them into other Connexus deposit accounts at any time.

Are there any costs associated with the Extended Insurance Account?

There are no costs associated with the Extended Insurance Account at Connexus. This account is designed to provide peace of mind and extended insurance protection for larger balances.

What is the difference between the Extended Insurance Account and the Extended Insurance Program Account?

While similar in name, the Extended Insurance Account is where your funds are held before they are transferred to the ModernFi network. This is what you would see on your periodic statement from Connexus and within your Digital Banking. The Extended Insurance Program Account is your account once your funds are transferred into the ModernFi network. Once your funds are in the network, your Extended Insurance Program Account earns a competitive rate, as displayed in the table above, and also provides additional share insurance coverage to protect your assets.