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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.]
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.
CDs up to 4.40% at Credit Union 1
Credit Union 1 has a number of very good CD rates available:
- 6-month CD: 3.00% APY
- 12-month CD: 3.10% APY
- 18-month CD: 3.15% APY
- 24-month CD: 3.50% APY
- 30-month CD: 3.65% APY
- 36-month CD: 3.90% APY
- 48-month CD: 4.15% APY
- 60-month CD: 4.40% APY
These CDs all have a minimum deposit of $10,000. Even better, however, are Credit Union 1′s IRA CDs, which all have rates between 10 and 20 basis points higher than their traditional CDs. 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 competitve rates: between 2.00% APY and 2.85% APY, depending on the amount in the money market. Credit Union 1′s Health Savings accounts are also returning a very nice 3.20% 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.
Rates up to 4.75% at Credit Union 1
Credit Union 1 has a number of good to very good CD rates available:
- 6 months: 3.85% APY
- 12 months: 3.90% APY
- 18 months: 3.925% APY
- 24 months: 3.95% APY
- 30 months: 4.00% APY
- 36 months: 4.35% APY
- 48 months: 4.60% APY
- 60 months: 4.75% APY
Those CDs have a $10,000 minimum, but you can also get them with a $1000 minimum if you’re willing to take 10 basis points off those rates. Even better, however, is that you can add 10 basis points to those rates if you get the CD as an Traditional IRA CD, Roth IRA CD, or Coverdell ESA.
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.
Rates up to 5.10% at Credit Union 1
I’ve written about this before recently, but Credit Union 1 still has some shockingly high CD rates in today’s dropping-rate market:
- 6 months: 4.40% APY
- 12 months: 4.45% APY
- 18 months: 4.475% APY
- 24 months: 4.50% APY
- 30 months: 4.60% APY
- 36 months: 5.00% APY
- 48 months: 5.05% APY
- 60 months: 5.10% APY
Those CDs have a $10,000 minimum, but you can also get them with a $1000 minimum if you’re willing to take 10 basis points off those rates. Even better, however, is that you can add 10 basis points to those rates if you get the CD as an IRA CD.
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. 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.
Up to 5.20% CDs and IRA CDs at Credit Union 1
Credit Union 1 has some shockingly high CD rates in today’s dropping-rate market:
- 6 months: 4.75% APY
- 12 months: 4.80% APY
- 18 months: 4.825% APY
- 24 months: 4.85% APY
- 30 months: 4.90% APY
- 36 months: 5.00% APY
- 48 months: 5.05% APY
- 60 months: 5.10% APY
Those CDs have a $10,000 minimum, but you can also get them with a $1000 minimum if you’re willing to take 10 basis points off those rates. Even better, however, is that you can add 10 basis points to those rates if you get the CD as an IRA CD. (The only exception is the 30-month CD, which only has a 5-basis-point increase.)
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. 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.
5.00% CDs of numerous terms at Credit Union 1
Credit Union 1 has a surprising number of CD terms where they are offering 5.00% APY:
- 6 months ($10,000 min.)
- 1 year ($10,000 min.)
- 18 months ($1000 min.)
- 2 years ($1000 min.)
- 3 years ($1000 min.)
- 4 years ($1000 min.)
The 18-month CD is also available as an IRA certificate. Credit Union 1 also has a money market that’s earning some very competitive rates at high balances:
- 4.25% ($10,000 min.)
- 4.41% ($25,000 min.)
- 4.61% ($50,000 min.)
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. 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.
