1-, 2-, and 3- year CDs up to 5.28% at Chicago Patrolmen’s Credit Union
Chicago Patrolmen’s Federal Credit Union has three very good CD deals going on right now:
- 12-month CD at 5.12% APY (5.31% APY for IRA and Coverdell ESA CDs)
- 24-month CD at 5.23% APY (also available for IRA and Coverdell ESA CDs)
- 36-month CD at 5.28% APY (also available for IRA and Coverdell ESA CDs)
The CDs have a minimum deposit of $2500 except for the IRA CDs, which have a minimum of $1000, and the Coverdell ESA CDs, which have a minimum of $500. The 5.31% APY for the IRA and Coverdell ESA CDs is scheduled to continue all the way through the end of April, which could be an even better deal by then if the Fed continues dropping rates.
Membership in the Patrolmen’s Credit Union is limited to active and retired sworn personnel in the Chicago Police Department, civilian Police Department employees, and employees of the Chicago Office of Emergency Management Communications, as well as the immediate families of all those groups. The credit union has two locations, both in Chicago: 1359 W. Washington Boulevard and 2766 W. 111th Street. They are also opening a new branch at 5310 N. Harlem sometime early this year.
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