5.5%+ ESA CDs and 5.05% 3-Year CDs at First Northern Credit Union
First Northern Credit Union was a leader in CD rates last month, and on one front they’re still the top: Coverdell ESA (Educational Savings Account) CDs. First Northern CU has a number of amazing ESA CDs available:
- 12-month ESA CD: 5.45% APY
- 18-month ESA CD: 5.50% APY
- 24-month ESA CD: 5.60% APY
- 36-month ESA CD: 5.75% APY
There is no minimum or maximum listed on these CDs, although federal law puts a $2000 per child per year maximum on Coverdell ESA deposits.
First Northern also has a good rate on 3-year CDs: 5.05% APY. This CD requires a $50,000 deposit or the rate drops to 4.85% APY ($25k minimum) or 4.75% APY ($2500 minimum).
First Northern CU is open to anyone who lives or works in Boone County, DeKalb County, DuPage County, Grundy County, Kane County, Kendall County, Lee County, McHenry County, Ogle County, Stephenson County, Will County, and Winnebago County, as well as the city of Evanston. There are also a number of employer groups that are eligible, including those who work at Northwestern Memorial Hospital or Northwestern University. Based on personal experience, First Northern CU does check these criteria carefully, so be sure to bring proof of employer eligibility (such as a paystub) if joining based on an employer group or county/city of employment. First Northern has five branches: Two in Chicago, two in Rockford, and one in Evanston.
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