BANNOCKBURN, Ill.–Great Lakes Credit Union (GLCU) said it has introduced an 18-month certificate of deposit that will be available for a limited time.
In announcing the new offering the credit union said it is “GLCU is providing members with yet another convenient way to predictably grow their savings and see stable returns on their money.”
The 18-month CD is paying 2.75% and requires $1,000 minimum. Those who are members of or who join GLCU’s President’s Club can earn a bonus on their dividend.
The APY offer also applies to members who already have opened one or more certificates, if their current certificates are not expiring. GLCU said certificate-holders who are renewing an expiring certificate will receive “the still competitively high” APY of 2.5% if they renew with the 18-month special offer.
‘Especially Great Feature’
“With inflation and rising daily costs affecting the communities we serve, we are proud to provide a competitive 18-month certificate that can enable our members to see their money work harder for them,” said President/CEO Steve Bugg. “The high APY on this product is an especially great feature for members and potential members consciously shopping for the best rates and who are interested in a low-risk way to grow their funds.”
The $1-billion Great Lakes has more than 80,000 members.