bank rates

Hot Deal: NorthStar Pays 5.00% On 5-Month CDs, 1.50% On 21 Months

NorthStar Credit Union really knows how to celebrate.

The Chicagoland credit union is commemorating the opening of two new branches with a pair of CD deals: one excellent and one stratospheric.

It’s paying a double-take rate of 5.00% APY on 5-month certificates, which we don’t need to tell you dwarfs any rate in any term on our CD Rates Leaderboard of the top nationally available bank certificates.

The one catch is that this promotion stipulates a maximum investment of just $5,000.

For those wanting to invest more while still earning a chart-topping rate, NorthStar’s more down-to-earth offer is 1.50% APY on 21-month certificates, which matches the top 2-year rate on our Leaderboard.

The 21-month promotion has the opposite stipulation, requiring a minimum investment of $5,000.

As always, it’s smart to check Bankrate’s extensive database of the day’s best CD rates before locking your funds into any certificate of deposit. But we suspect NorthStar’s 21-month offer will be tough to beat, never mind its 5% offer.

Membership in NorthStar is open to anyone who lives or works in ZIP codes ranging from 60100 to 60599, which includes most of the western and southern suburbs of Chicago.

Although existing members of NorthStar can open a CD online or by phone, new customers will need to establish membership at one of its five branches located in Aurora, Naperville, Plainfield, Warrenville and Chicago’s Bridgeport neighborhood.

To search more than a hundred additional local and regional deals like this one, be sure to visit our constantly updated roundup of the country’s top-paying CDs from credit unions and community banks.

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