Great Lakes Credit Union 12-Month CD: Lock in 1.25% APY for a Year
Share Product:
Great Lakes Credit Union 12-Month CD: Lock in 1.25% APY for a Year
Offered through Raisin, this 12-month certificate from Great Lakes Credit Union delivers a standout 1.25% APY with zero fees.
Some products on phroogal.com may include affiliate links — learn how we make money.
Great Lakes Credit Union 12-Mo...
What is the Great Lakes 12-Month Certificate?
This is a fixed-rate, 1-year certificate of deposit (CD) issued by Great Lakes Credit Union and accessed through Raisin.
It offers a 1.25% APY, making it ideal for savers who want a guaranteed return without the ups and downs of the market.
You get all the benefits of credit union savings—without needing to join directly—thanks to Raisin’s simplified account process.
Great Lakes CU Certificate Overview
| Offer | Best For | Minimum | APY | Fees | Action |
|---|---|---|---|---|---|
| 12-Month CD | Short-term, secure savings with high returns | $1 | 1.25% | $0 | Visit Raisin |
How It Works
With just a $1 minimum, you can put your money to work securely and predictably—all backed by NCUA insurance and managed via Raisin’s online platform.
- Create an Account: Open a free Raisin account to access Great Lakes Credit Union products.
- Choose the CD: Select the 12-month term and lock in your APY.
- Deposit Funds: Start with as little as $1 and earn daily interest.
- Let It Grow: Your funds are held securely and mature after 12 months.
- Receive Payout: Upon maturity, withdraw your funds or reinvest—no penalties if held to term.
Key Features & Benefits
| Feature | Benefit |
|---|---|
| High APY | Earn one of the highest fixed CD rates available nationwide. |
| 12-Month Term | Perfect balance between short-term flexibility and higher yield. |
| NCUA Insured | Your funds are protected up to $250,000 per depositor. |
| $1 Minimum Deposit | Start saving with practically no barrier to entry. |
| No Account Fees | Keep 100% of your interest—no maintenance or service fees. |
| Managed via Raisin | One login to track all CD accounts across multiple institutions. |
| Open a Great Lakes CD at Raisin | |
Who Is It Best For?
- People who want guaranteed returns over a 12-month period
- Savers looking to park funds without risk or market exposure
- Anyone seeking one of the highest APYs for short-term CDs
Pricing & Fees
- Minimum Deposit: $1
- Monthly Fees: None
- Early Withdrawal Penalty: Applies if funds are withdrawn before maturity
Trust & Security
- Offered by Great Lakes Credit Union, a member-owned institution since 1938
- NCUA insured up to $250,000 per individual
- Secure account access and document management through Raisin
Great Lakes CU Certificate FAQs
Do I need to be a member of Great Lakes Credit Union?
No. When you open the CD through Raisin, you don’t need to join Great Lakes directly—Raisin handles the process.
What happens when the CD matures?
You’ll receive a notification and can either withdraw your funds or reinvest in a new product. There’s no automatic renewal unless you choose it.
Is this a fixed rate?
Yes. The 5.30% APY is fixed for the entire 12-month term, offering predictable earnings.
What if I need my money early?
Early withdrawal is allowed but comes with a penalty. It’s best to leave your money in for the full 12-month term.
Secure a 5.30% APY with a Trusted Credit Union
Open a Great Lakes 12-Month CD through Raisin and earn a guaranteed return on your savings—no membership hurdles, no fees, just growth.
| Account Types | Individual |
|---|---|
| Minimum Deposit | $1–$99 |
We appreciate your honest feedback. Share your real experience to help others make confident money decisions.
Reviews
There are no reviews yet.