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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% Coverdell ESA Savings Account at Selfreliance Ukranian American FCU
Selfreliance Ukranian American Federal Credit Union has easily the best Coverdell ESA (Educational Savings Account) rate I’ve seen recently: Their Coverdell ESA savings account is currently yielding 5.00% APY. Since it is a savings account, the rate can be changed at any time — a downside to not having it as a CD — but on the plus side, the money can be used for educational purposes at any time, and Selfreliance seems to have kept the 5.00% APY Coverdell ESA rate for over a year now.
Selfreliance Ukranian American Federal Credit Union is open to members of Selfreliance Association of American Ukrainians, which accepts as members individuals of Ukrainian descent, by birth or marriage; and members of Ukrainian parishes, religious communities or other Ukrainian community organizations. Selfreliance Ukranian American FCU has nine locations, six of which are in the Chicago area: Two in Chicago, and one each in Bloomingdale, Palatine, Palos Park, and Munster, Indiana. Many of the branches have unusual hours of operations, so check online or call before visiting.
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