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[Please note: This page is part of the Chicago CD Rates archive. Most of these deals on this page are not current and no longer available. Please check the date of the post before getting too excited and driving to a bank an hour away. If you have any doubts whether the deal is available, contact the bank or credit union. For a list of more current rates, visit our homepage.]
5.05% 60-to-84-month CD at Navy Federal Credit Union
Navy Federal Credit Union has a good long-term CD deal for those looking to lock in some money: a 5.05% CD that can be opened from 60 months to 84 months. Unfortunately, this CD requires a $100,000 minimum; the rate drops between 10 and 30 basis points for lower deposits, depending on the amount and term of the CD. On the plus side, the CD is available as an IRA certificate.
Navy Federal Credit Union is open to all active duty, reservist, and retired Navy and Marine Corps (and their families), as well as civilian Navy employees and contractors. There are two Navy Federal branches in Great Lakes — at the Naval Station Great Lakes (847-785-0551) and the Recruit Training Command (866-755-4682) — but Navy Federal’s website says to call first because “members who are not assigned to or do not work on these bases may not be able to visit an on-base branch offices or use an on-base ATM.”
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