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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 3.75% at Abbott Labs CU
Abbott Labs Employees Credit Union has two competitive long-term CDs available: Their 4-year CD is yielding 3.65% APY, and their 5-year CD is yielding 3.75% APY. The CDs have a minimum deposit of $500. ALECU’s rates often change at the end of months, so this rate may only be good through tomorrow (March 31st).
Membership in Abbott Labs Employees CU is open to all employees, retirees, spouses of employees and spouses of retirees of Abbott Labs, and its subsidiaries residing in the United States along with employees, retirees, spouses of employees and spouse of retirees of Hospira and TAP Pharmaceuticals. ALECU has seven locations, all in the Chicago area: four in Abbott Park, and one each in Gurnee, Lake Forest, and North Chicago.
5.05% 2-year CD remains at Abbott Labs Employees CU
I’ve posted on this before, but since it’s still available (and will be through the end of this month), I wanted to repost it:
Abbott Labs Employees Credit Union has one of the best CD rates still available: A two-year CD that earns the equivalent of 5.05% APY — and with only a $500 minimum. I say equivalent because this “Accelerator Plus Certificate” earns different rates for each six months of the term:
- First six months: 4.60% APY
- Second six months: 4.85% APY
- Third six months: 5.00% APY
- Final six months: 5.75% APY
This averages out to the equivalent of a 5.05% APY CD over the entire 24 months. The major differences between this and a regular 2-year 5.05% APY CD is that the interest for tax purposes will be more heavily weighed toward the end of the time period than the beginning (although ending up the same in total) and that you’d get slightly less money back if you were to break the CD.
Membership in Abbott Labs Employees CU is open to all employees, retirees, spouses of employees and spouses of retirees of Abbott Labs, and its subsidiaries residing in the United States along with employees, retirees, spouses of employees and spouse of retirees of Hospira and TAP Pharmaceuticals. ALECU has seven locations, all in the Chicago area: four in Abbott Park, and one each in Gurnee, Lake Forest, and North Chicago.
5.05% 2-year CD at Abbott Labs Employees CU
Abbott Labs Employees Credit Union has one of the best CD rates still available: A two-year CD that earns the equivalent of 5.05% APY — and with only a $500 minimum. I say equivalent because this “Accelerator Plus Certificate” earns different rates for each six months of the term:
- First six months: 4.60% APY
- Second six months: 4.85% APY
- Third six months: 5.00% APY
- Final six months: 5.75% APY
This averages out to the equivalent of a 5.05% APY CD over the entire 24 months. The major differences between this and a regular 2-year 5.05% APY CD is that the interest for tax purposes will be more heavily weighed toward the end of the time period than the beginning (although ending up the same in total) and that you’d get slightly less money back if you were to break the CD.
Membership in Abbott Labs Employees CU is open to all employees, retirees, spouses of employees and spouses of retirees of Abbott Labs, and its subsidiaries residing in the United States along with employees, retirees, spouses of employees and spouse of retirees of Hospira and TAP Pharmaceuticals. ALECU has seven locations, all in the Chicago area: four in Abbott Park, and one each in Gurnee, Lake Forest, and North Chicago.
(Thanks to Bank Deals Blog.)
Great Variable Rate CD at Abbott Labs Credit Union
Abbott Laboratories Employees Credit Union is offering a great variable rate CD. The CD is for 24 months, and the adjustable rate of the CD is 13-Week Treasury Bill rate plus 1% (100 basis points). Right now the 13-Week Treasury Bill rate is 4.825%, so the CD would (for now) be 5.825%. If you believe the 13-Week T-Bill rate will be remaining steady or going up for the next two years, this Abbott Labs CU CD could be an opportunity that meets your needs.
According to their website, Abbott Laboratories Employees CU “is open to all employees, retirees, spouses of employees and spouses of retirees of Abbott, and its subsidiaries residing in the United States along with employees, retirees, spouses of employees and spouse of retirees of Hospira and TAP Pharmaceuticals.” Abbott Labs CU has seven area locations: Four in Abbott Park (buildings AP6D, AP30, AP22, and AP52), one in Lake Forest (building H-1), one in North Chicago (building M1), and one at Route 21 and Washington Street in Gurnee.
