[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.]
South Division Credit Union has a very nice short-term deal for those looking to rollover an IRA: Their one-year IRA rollover CD is earning 5.00% APY. This CD has a minimum deposit of $50,000, and because South Division CU is calling it a “rollover CD,” I would guess it is available only to new money to the credit union. South Division Credit Union also has decent rates on regular 6-month and 12-month CDs, both of which are earning 3.75% APY.
South Division CU has seven locations: Four in Chicago, two in Evergreen Park, and one in Midlothian. South Division Credit Union does not seem to list their field of membership on their webpage — contact them for more information.
- 5-year CD: 4.50% APY
- 4-year CD: 4.35% APY
- 3-year CD: 4.25% APY
- 2-year CD: 4.00% APY
The best thing about these rates is the minimum: only $1000. Even better, the IRA versions of these CDs only have a $500 minimum. SDCU also has a one-year IRA Rollover CD that’s earning 5.00% APY, but that CD does require a $50,000 minimum.
South Division Credit Union does not seem to list their field of membership on their webpage — I’ll try to get some more information about that. South Division CU has seven locations: Four in Chicago, two in Evergreen Park, and one in Midlothian.