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[Please note: This page is part of the Chicago CD Rates archive. Most of these deals on this page are not current and no longer available. Please check the date of the post before getting too excited and driving to a bank an hour away. If you have any doubts whether the deal is available, contact the bank or credit union. For a list of more current rates, visit our homepage.]
6-month, 6% CD (or Money Market) at American Eagle Bank
(Note: This deal is no longer available.)
The Chicago branch of American Eagle Bank is offering a 6-month CD at an amazing 6.00% APY — .50% better than any similar CD in the Chicago area. (CenTrust Bank, which has a 6-month, 5.50% CD, comes the closest.) As another option, American Eagle Bank, Chicago Branch has a “6 Month Guarantee Money Market” which will earn 6.00% APY on all balances over $1,000 for the first six months the account is opened. The end result is the same, but the money market gives more liquidity, so that might be a smarter option.
In addition, American Eagle in Chicago is offering a 12-month, 5.50% CD, which is the highest 1-year CD offered by a bank in the Chicago area. The only restriction listed: “All rates and promotions are available to residents of the Greater Chicagoland Metropolitan Statistical Area and current customers.”
American Eagle Bank has two branches — in Chicago and South Elgin — but from what I can tell, only the Chicago branch (2129 N. Western Ave) is offering these special CDs. If you’d like to try the South Elgin branch to see if they’ll match the CD rate, it’s at 556 Randall Rd., but I make no promises.
(Thanks to Bank Deals Blog.)
September 3rd, 2007 at 8:09 am
Welcome to Ben Franklin
Thank you for your post!
September 11th, 2011 at 10:19 pm
Mighty useful. Make no mistake, I appceraite it.