BANNOCKBURN, Ill.– Great Lakes Credit Union (GLCU) said it has introduced two products it said it can “help members grow their savings more quickly”: Jumbo and Super Jumbo Certificates.
Terms on the new certificates range from 12 to 60 months. The credit union’s 60-month Jumbo Certificate, which has a $100,000 minimum, offers 1.05% APY, while its 60-month Super Jumbo Certificate, which has a $250,000, offers 1.20% APY.
“GLCU’s new Jumbo and Super Jumbo Certificates complement our existing suite of financial solutions by providing high-net-worth members with deposit products that can significantly help them achieve their savings goals,” said Steven Bugg, President and CEO of GLCU.
The $1.088-billion Great Lakes has approximately 79,000 members.