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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.]
5.00% CDs of numerous terms at Credit Union 1
Credit Union 1 has a surprising number of CD terms where they are offering 5.00% APY:
- 6 months ($10,000 min.)
- 1 year ($10,000 min.)
- 18 months ($1000 min.)
- 2 years ($1000 min.)
- 3 years ($1000 min.)
- 4 years ($1000 min.)
The 18-month CD is also available as an IRA certificate. Credit Union 1 also has a money market that’s earning some very competitive rates at high balances:
- 4.25% ($10,000 min.)
- 4.41% ($25,000 min.)
- 4.61% ($50,000 min.)
Credit Union 1 is a relatively open credit union, with many different groups eligible for membership: active and retired military, and employees at the state of Illinois, Cook County, University of Illinois at Chicago, Eastern Illinois University, Mitsubishi Motor Manufacturing of America, AON and Chicago Tribune, as well as 750 additional companies. Credit Union 1 has 19 locations, 11 of which are in Chicagoland: Seven in Chicago, and one each in Evergreen Park, Libertyville, Lombard and Northlake. Credit Union 1 is privately insured by American Share Insurance rather than publicly through the FDIC or NCUA, which means that the union’s assets aren’t backed by the U.S. Government — although it also means that the assets are insured for $250,000 rather than $100,000.
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