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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.]
Weekly update for January 28th, 2008
Below is a list of the deals previously mentioned on Chicago CD Rates that are still available as of today (1/28/08), as well as the dates they were first mentioned on this website. Previously we would continue listing CD rates even if they had been lowered, as long as they remained above 5.00%, but because of the rate cut, we’re showing all CD rates 4.50% or higher.
Obviously, the bottom has fallen out of many local CD rates, particularly those of banks and large credit unions. As usual, however, the smaller credit unions are slower to make changes, so there’s still some CDs and money markets above 5% at Bell General Credit Union, Chicago Patrolmen’s Credit Union, Selfreliance Ukranian American Federal Credit Union, and MECU. As the week goes on, I’ll try to focus on some other smaller credit unions in the Chicago area that may have not yet dropped their rates.
CDs (sorted by term):
- 5-month, 4.50% CD at Evergreen Private Bank (1/12; was 5.35%)
- 6-month, 4.70% CD at Corus Bank (1/14; was 5.31%)
- 11-month, 5.45% CD at Bell General CU (12/5)
- 12-month, 7.00% CD at Patelco Credit Union ($1000 max) (1/15)
- 12-month, 4.58% CD at Molex Credit Union (11/14; was 5.51%)
- 12-month, 4.50% CD at Evergreen Private Bank (1/12; was 5.20%)
- 12-month, 5.12% CD at Chicago Patrolmen’s CU (5.31% for IRAs/ESAs) (1/7)
- 12-to-17-month, 4.90% CD at Alliant Credit Union (1/8; was 5.40% up to 24 mo.)
- 24-month, 5.23% CD at Chicago Patrolmen’s CU (1/7)
- 36-month, 5.28% CD at Chicago Patrolmen’s CU (1/7)
- 60-month, 4.50% CD at Sherwin Williams Credit Union (1/22; was 5.05%)
- 60-to-84-month, 4.80% CD at Navy Federal Credit Union (1/23; was 5.05%)
Money Market/Savings:
- 5.25% money market at Selfreliance Ukranian American FCU ($25k min.) (1/14)
- 5.23% money market at MECU ($100k min.) (11/27; was 5.38%)
- 5.00% money market at Corus Bank ($10k min.) (1/14; was 5.10%)
- 8.00% savings account for minors at Patelco CU ($1000 max) (1/15)
- $100 bonus for opening LaSalle Bank checking and savings accounts (11/13)
Checking Accounts:
- 6.01% checking account at Consumers Credit Union (11/20)
- $100 bonus for opening LaSalle Bank checking and savings accounts (11/13)
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