[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.]


5.25% 5-year CD at Cole Taylor Bank

Cole Taylor Bank has the highest CD rate we’ve seen in a few months, although it does require locking up your money for quite a while: Their 5-year CDs are earning 5.25% APY.  This CD has a minimum of $10,000, and the rate sheet explicitly says that the CD must be new money to the bank and that no IRA CDs are allowed.  Cole Taylor has some other nice CDs, also with the same minimum and same restrictions: an 11-month CD earning 4.00% APY, a 15-month CD earning 4.10% APY, a 2-year CD earning 4.50% APY, and a 3-year CD earning 4.75% APY.

Cole Taylor Bank has 10 locations, all in Chicagoland: Four in Chicago, two in Skokie, and one each in Burbank, Lombard, Rosemont, and Wheeling.

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