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Chicago-based Consumers Credit Union (CCU) offers 11 CD term options to its members with a low minimum deposit. You can earn up to 0.7% APY, but you have to open a 20-month CD to get it.
0.45%
1-year APY
0.6%
3-year APY
0.7%
5-year APY
Minimum deposit to open | $250 |
---|---|
Interest compounding | Daily |
3-month APY | 0.35% |
6-month APY | 0.4% |
9-month APY | 0.55% |
1-year APY | 0.45% |
18-month APY | 0.45% |
2-year APY | 0.5% |
3-year APY | 0.6% |
30-month APY | 0.55% |
4-year APY | 0.65% |
5-year APY | 0.7% |
Early withdrawal penalty | 60 days interest for terms of 1 to 12 months 120 days interest for terms of 13 + months |
Review by
Heather Petty is a writer at Finder specializing in banking, investments and insurance. She's a self-proclaimed word nerd who worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. Heather earned a bachelor’s degree in English from the University of Nevada, Reno.
Consumers Credit Union CD rates are competitive depending on the term you decide to go with. To take advantage of its highest yield at 0.7% APY, consider opening the 20-month CD. Plus, you only need $250 to open it. To compare, most CDs with competitive rates require you to put in at least $500 to $1,000.
But to open a CD, you need to become a Consumers Credit Union member and open up a savings account. On the bright side, you only need $5 to become a member, so it may be worth it if you’re looking for a competitive CD rate.
To open a CD with Marcus by Goldman Sachs, you’ll need to meet the following requirements:
Have the following information ready before you apply:
CCU offers all the standard CD perks, such as a fixed APY for the life of the CD term, but also these additional benefits:
Keep the following drawbacks in mind before you apply:
If you’re not interested in maintaining a second account or want more customer service options, explore other high yield CDs.
Use one of the following methods to fund your account:
You have a 10-day grace period once your CD matures to choose one of the following options:
You can reach CCU customer service on weekdays 8 a.m. to 6 p.m. and Saturdays 8 a.m. to 2 p.m., using one of the following methods:
CCU offers the following savings products, all of which have interest that compounds and credits to your account monthly.
High Yield Business Money Market account. You can earn 0.75% interest on all amounts over $100,000.