3.75% to 4.05% CDs (and even better ESA rates) at First Northern CU
First Northern Credit Union was the leader in CD rates in the Chicago area late last year, and they continue to have some pretty decent mid-term CDs. Their best rates right now are:
- 12-month CD: 3.75% APY
- 18-month CD: 3.80% APY
- 24-month CD: 3.90% APY
- 36-month CD: 4.05% APY
These CDs all have $50,000 minimums. The CDs are also available with $25,000 minimums if you’re willing to give up 20 basis points or $2500 minimums if you’re willing to give up 30 basis points.
For pretty much the entire time we’ve been doing this blog, First Northern CU has been the leader in Coverdell ESA CDs. And yes, First Northern still has the best ESA rates in the region, by a fair margin::
- 12-month ESA CD: 4.45% APY
- 18-month ESA CD: 4.50% APY
- 24-month ESA CD: 4.60% APY
- 36-month ESA CD: 4.75% APY
There is no minimum or maximum listed on these CDs, although federal law puts a $2000 per child per year maximum on Coverdell ESA deposits.
First Northern CU is open to anyone who lives or works in Boone County, DeKalb County, DuPage County, Grundy County, Kane County, Kendall County, Lee County, McHenry County, Ogle County, Stephenson County, Will County, and Winnebago County, as well as the city of Evanston. There are also a number of employer groups that are eligible, including those who work at Northwestern Memorial Hospital or Northwestern University. Based on personal experience, First Northern CU does check these criteria carefully, so be sure to bring proof of employer eligibility (such as a paystub) if joining based on an employer group or county/city of employment. First Northern has five branches: Two in Chicago, two in Rockford, and one in Evanston.
5.5%+ ESA CDs and 5.05% 3-Year CDs at First Northern Credit Union
First Northern Credit Union was a leader in CD rates last month, and on one front they’re still the top: Coverdell ESA (Educational Savings Account) CDs. First Northern CU has a number of amazing ESA CDs available:
- 12-month ESA CD: 5.45% APY
- 18-month ESA CD: 5.50% APY
- 24-month ESA CD: 5.60% APY
- 36-month ESA CD: 5.75% APY
There is no minimum or maximum listed on these CDs, although federal law puts a $2000 per child per year maximum on Coverdell ESA deposits.
First Northern also has a good rate on 3-year CDs: 5.05% APY. This CD requires a $50,000 deposit or the rate drops to 4.85% APY ($25k minimum) or 4.75% APY ($2500 minimum).
First Northern CU is open to anyone who lives or works in Boone County, DeKalb County, DuPage County, Grundy County, Kane County, Kendall County, Lee County, McHenry County, Ogle County, Stephenson County, Will County, and Winnebago County, as well as the city of Evanston. There are also a number of employer groups that are eligible, including those who work at Northwestern Memorial Hospital or Northwestern University. Based on personal experience, First Northern CU does check these criteria carefully, so be sure to bring proof of employer eligibility (such as a paystub) if joining based on an employer group or county/city of employment. First Northern has five branches: Two in Chicago, two in Rockford, and one in Evanston.
5.55% 3-year CD at First Northern Credit Union
We first discussed this in September, but since it’s still going on (and is a great mid-term CD deal), we thought we’d bring it to your attention again: First Northern Credit Union is offering a 5.55%, 3-year CD with a minimum of $50,000. This 3-year CD is available with lesser rates with minimums of $25,000 and $2500 (5.35% and 5.25% respectively). First Northern also still has some fantastic rates on Coverdell Education Savings Accounts (ESAs) that we mentioned a while back.
First Northern CU is open to anyone who lives or works in Boone County, DeKalb County, DuPage County, Grundy County, Kane County, Kendall County, Lee County, McHenry County, Ogle County, Stephenson County, Will County, and Winnebago County. There are also a number of employer groups that are eligible, including those who work at Northwestern Memorial Hospital or Northwestern University. First Northern has five branches: Two in Chicago, two in Rockford, and one in Evanston.
Up to 6.25% Coverdell ESA CDs at First Northern Credit Union
Wednesday, I mentioned I would talk about this, so here it is: First Northern Credit Union is offering up to 6.25% on its Coverdell Education Savings Account CDs. (If you’d like to read more on Coverdell ESAs in general, there’s some information here.) The 6-month CDs are at 5.20% APY, the 12-month at 5.70% APY, the 18-month at 5.75% APY, the 24-month at 5.85% APY, and the 36-month 6.25% APY. In addition, any interest on these Coverdell ESA CDs — as is true with all ESA products — is earned tax-free. The CDs have a minimum of $500.
As previously mentioned, First Northern CU is open to anyone who lives or works in many northeastern Illinois counties, including Boone, DeKalb, DuPage, Grundy, Kane, Kendall, Lee, McHenry, Ogle, Stephenson, Will, and Winnebago. (Not Cook County or Lake County, unfortunately.) Employees at Northwestern Memorial Hospital or Northwestern University are also eligible. First Northern has five branches: Two in Chicago, two in Rockford, and one in Evanston.
5.5%+ 7-month and 36-month CDs at First Northern Credit Union
First Northern Credit Union is offering two very nice CDs right now. The first is a 5.50%, 7-month CD with a minimum of $5000 and a maximum of $100,000. It is open only to new money to the credit union. This CD is not listed on First Northern’s website, but it is mentioned on an advertisement here (link available through September 16th). The second is a 5.55%, 3-year CD with a minimum of $50,000. The 3-year CD is available with lesser rates with minimums of $25,000 and $2500 (5.35% and 5.25% respectively).
First Northern CU is open to anyone who lives or works in Boone County, DeKalb County, DuPage County, Grundy County, Kane County, Kendall County, Lee County, McHenry County, Ogle County, Stephenson County, Will County, and Winnebago County. There are also a number of employer groups that are eligible, including those who work at Northwestern Memorial Hospital or Northwestern University. First Northern has five branches: Two in Chicago, two in Rockford, and one in Evanston.
First Northern also has some fantastic Coverdell ESA CD rates I’ll discuss in detail later this week.
