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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.]
Long-term CDs up to 5.00% at Navy Federal
Navy Federal Credit Union has a couple very good long-term CD rates going on right now: their 7-year CDs are earning 5.00% APY and their 5-year CDs are earning 4.75% APY. Those CDs have a $20,000 minimum, but you can also get the CDs with a $1000 minimum by giving up 15 basis points. If you have even more money to invest, you can get a $100,000 CD for any term between 36 and 59 months at 4.90% APY.
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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