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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.]
7-month, 7.77% CD at Bridgeview Bank
Bridgeview Bank has a new CD — the “Lucky 7 CD” — at a rate so high you’ll think there must be a catch: a 7-month CD that earns 7.77% APY. And yes, there are a couple catches to this CD deal, but they’re not insurmountable. First, the CD has a maximum deposit of only $7,777.77, which puts some limit on your earnings. Second, the CD requires you to open a Prime, Premium or Preferred Checking account with Bridgeview Bank, and if you close the checking account before six months, you’ll have to pay a $25 fee. Finally, you’ll have to initiate direct deposit before 45 days or the APY will be reduced to 3.50% APY for the entire term. Despite all that, however, this might be a very good deal for some of you out there willing to jump through a few hoops.
Bridgeview Bank has 15 Chicago-area branches: Eight in Chicago, two in Bridgeview, and one each in Beach Park, Lincolnshire, Mokena, Oswego, and Woodridge.
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