-
[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.]
CDs up to 3.75% (3.95% for IRA) at Credit Union 1
Credit Union 1 has a number of competitive CD rates available, all with a a minimum deposit of $10,000:
- 24-month CD: 2.75% APY
- 30-month CD: 3.00% APY
- 36-month CD: 3.25% APY
- 48-month CD: 3.45% APY
- 60-month CD: 3.75% APY
As is typical with Credit Union 1, their IRA CDs are even higher — all of them .20% higher than the tradiational CD rates. All the traditional and IRA CDs are also available with a minimum deposit of only $1000, although that drops the yield by 10 basis points.
Credit Union 1 also has a money market that’s yielding competitive rates: between 1.70% APY and 2.55% APY, depending on the amount in the money market. Credit Union 1’s Health Savings accounts are also returning a very nice 2.50% with no minimum.
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.
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.
No Responses to “CDs up to 3.75% (3.95% for IRA) at Credit Union 1”
No comments yet
