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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.]
4.20% 12-month CD at Countrywide
Good ol’ Countrywide Bank has consistently had among the best short-term CD rates for the entire time we’ve been running this blog. (Whether that will continue after they get eaten up by Bank of America is an interesting question.) And again, they have one of the few short-term CDs above 4% in Chicagoland: a 12-month CD earning 4.20% APY. As usual, this CD has a minimum of $10,000 (or $2500 for an IRA CD). And as usual, we want to remind you that since Countrywide is having financial problems, it’s prudent to keep your total deposits with them under FDIC insurance limits.
Countrywide has 14 financial centers in Chicagoland, located in Chicago, Crystal Lake, Elgin, Elmhurst, Glenview, Highland Park, Joliet, Libertyville, Naperville, Oak Lawn, Orland Park, Plainfield, Schaumburg, and Wheaton.
April 10th, 2008 at 3:31 pm
My current Countrywide cd is up in a week. Is this the highest short term CD available?
April 10th, 2008 at 3:50 pm
At a local or national bank, yes. However, if you’re eligible and will be depositing at least $25,000, Alliant Credit Union has 12-17 month CDs earning 4.40% APY. They have a pretty wide membership, and anyone can join by joining the National PTA for $25. That’s about it, though — even most of the small credit unions don’t have better rates right now.