[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.]
Midwest Bank has some competitive short-term CDs: Their 10-month and 16-month CDs are earning 4.00% APY. In addition, their 3-year CD is at 4.25% APY. All three CD terms require a minimum deposit of $10,000.
Midwest Bank has 28 branches throughout the Chicago area: four in Chicago and one each in Addison, Algonquin, Bensenville, Bloomingdale, Buffalo Grove, Des Plaines, Downers Grove, Elgin, Elmwood Park, Franklin Park, Glenview, Hinsdale, Inverness, Island Lake, Lakemoor, Lake Zurich, Long Grove, Melrose Park, Mt. Prospect, Naperville, Norridge, North Barrington, Roselle, and Union.
WaMu has many branches throughout the Chicago area. You can find one near you here.
(Thanks to trinidon2k for mentioning this in our Finding Deals post.)
Wheatland Bank has one of the best checking account rates we’ve seen recently: Their “Personal Checking with Interest” is currently paying 3.00% for balances over $2500. Below $2500, the interest goes to 0%. Wheatland also has a number of very competitive CDs:
- 3-month, 6-month, 1-year and 18-month CDs: 4.00% APY
- 2-year and 3-year CDs: 4.50% APY
- 4-year and 5-year CDs: 5.00% APY
The CDs also have a minimum deposit of $2500, and the CDs can be opened as IRA CDs and business CDs.
Wheatland Bank has one branch: 2244 95th Street in Naperville.
(Thanks to the reader who e-mailed me this deal.)
(Note: This is Chicago CD Rates’ 200th post — thanks for visiting us in the past year!)
Builders Bank has a competitive 18-month CD available: 4.15% APY. The CDs have a minimum of a $2500 deposit, although the CDs are available as IRA CDs with just a $500 minimum. Builders Bank also has a 12-month CD available at 4.00% APY with the same minimum deposits.
Builders Bank has two branches, both on North LaSalle Street in Chicago.
Wachovia has a very good rate on their 1-year CDs: 4.25% APY. They also have a 7-month CD that’s returning 4.00% APY. Both CDs have a minumum of $5000.
A large national bank, Wachovia has eight branches in Illinois: One each in Elmhurst, Evanston, Glenview, Huntley, Niles, Palatine, Schaumburg, and Westchester.
Amcore Bank has a very nice midterm CD available: a 39-month CD (3 years plus 3 months) at 4.75% APY. The CD has a minimum deposit of $20,000 and a maximum of $1 million (though $1 million would be way beyond FDIC protection — more about FDIC protection later this week). They also have a good shorter term CD: a 19-month CD (1 year plus 7 months) that’s returning 4.00% APY with the same deposit requirements.
Amcore Bank has more than 75 locations throughout Illinois and Wisconsin. You can find one near you here.
In Sunday’s Chicago Tribune, National City was advertising a new CD special: A 5.05% APY CD for of 43 to 54 months. Like many of NatCity’s CD specials, this requires an existing checking or savings account or a new checking (except Free checking) or money market account with a $1,500 minimum initial deposit. The CD has a minimum of $10,000 and a maximum of $500,000.
National City has many branches throughout Chicagoland.
Western Springs National Bank & Trust has the best short-term CD deal I’ve seen in a while: They are offering a return of 4.25% APY for 10-to-13-month CDs. The CDs have a minimum of $10,000, but no other restrictions are mentioned.
Western Springs National Bank has two branches: 4456 Wolf Road in Western Springs and 6575 Joliet Road in Countryside.
(Thanks to Bank Deals Blog.)
Great Lakes Credit Union is opening a new branch in Spring Grove, and they have a Grand Opening Special CD: a 1-year CD that returns 4.00% APY. The CD has both a maximum and minimum of $10,000, or you can open a 1-year CD with a max/min of $5000 and earn 3.50% APY. Only one CD can be opened per unique social security number. The rate seems to be available today through July 11th.
Great Lakes Credit Union is a relatively open credit union — it’s open to anyone who lives or works in Lake County or McHenry County in Illinois or Kenosha County in Wisconsin, as well as retired military and reservists. This CD is only available at the new Spring Grove branch — 7777 Winn Road at Route 12.
Illinois State Bank has a nice mid-term CD available: a 35-month CD that earns 4.25% APY. They also have a 15-month CD available that’s earning 3.75% APY. These CDs don’t seem to be listed on their website, but according to their recent ad, the rates should be available through July 8th. The CDs have a $5000 minimum, and money must be new to Illinois State Bank.
Most of the 43 branches of Illinois State Bank are in Wisconsin (apparently called North Shore Bank up there), but there are two in Illinois’ McHenry County: one at 1301 Pyott Road in Lake in the Hills, and one at 1689 N. Curran Road in McHenry.