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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.]
5.3% 3-Year CD at Mutual Bank
The Fed’s recent rate drops have wreaked even more havoc on the mid-to-long-term CDs than on the short-term ones, so given that this is may be a great opportunity: Mutual Bank is offering 5.30% APY on its 36-month CDs. This rate is also available on their IRA CDs. There is a minimum of $5000 on the CD, but no other restrictions. As far as we’re aware, this is the highest rate available for any CD 2 years or longer in the Chicago area.
Mutual Bank has nine branches in the Chicago area: Two in Naperville, and one each in Aurora, Carol Stream, Chicago, Downers Grove, Harvey, Roselle, and Villa Park.
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