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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.]
5.50% 6-Month CD at Countrywide Bank
Countrywide Bank, which has been the short-term CD-rate leader in the Chicago area as of late, has another fantastic CD: a 5.50% 6-month CD. Unlike some of their recent deals, which had to be opened in a branch, this CD can be opened either in a branch or online. Also, the 5.50% 3-month CD we mentioned last week is also still available and can be opened either online or in a branch. The minimum on both these CDs is $10,000. IRA CDs are also available with a minimum of $2500. Due to Countrywide’s recent financial problems, it would probably be prudent to keep your total account balance at Countrywide under the FDIC limits, which is $100,000 for single-person assets and $200,000 for joint assets. For more information on FDIC insurance, see the FDIC’s page on it.
Countrywide has 13 financial centers in the Chicago area, located in Chicago, Crystal Lake, Elmhurst, Glenview, Highland Park, Joliet, Libertyville, Naperville, Oak Lawn, Orland Park, Plainfield, Schaumburg, and Wheaton.
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