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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% 7-year CDs at Navy FCU
If you’re looking to lock in your money for the very long term, Navy Federal has a good rate for 7-year CDs: 5.00% APY. This CD has a minumum of $20,000, although with a minumum of $1000, you could get the same CD with a slightly lower 4.85% APY. Navy FCU also has some decent 5-year CDs: 4.40% APY with $100,000, 4.25% APY with $20,000, and 4.10% APY with $1000.
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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