[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.]
There’s a couple competitive short-term CDs at TCF Bank: a 7-month and a 11-month CD that are both yielding 3.75% APY. The CDs have a minimum of $500. The CDs aren’t listed on TCF’s website, but they were advertised in Sunday’s Chicago Tribune.
There are over 100 TCF Bank branches in the Chicago area, most located in Jewel-Oscos.
- 14-month CD: 4.08% APY
- 24-month CD: 4.15% APY
- 30-month CD: 4.35% APY
- 36-month CD: 4.25% APY
- 42-month CD: 4.25% APY
- 48-month CD: 4.50% APY
- 60-month CD: 4.75% APY
These CDs all have a minimum of $1000. On the 14- and 30-month CDs, there is a maximum of $50,000 on transfers from existing CDs and other accounts at Parkway Bank.
Parkway Bank has 28 branches, including 22 in Illinois: Antioch, Arlington Heights, Carpentersville, Chicago (5 branches), Deerfield, Elk Grove Village, Elmwood Park, Glen Ellyn, Glendale Heights, Harwood Heights, Mt. Prospect, Niles, Norridge, Park Ridge (2 branches), Schaumburg, Streamwood, and Wood Dale.
There’s a a number of decent CDs available at Fifth Third Bank: Their 13-month CD is yielding 4.05% APY, their 2-year CD is yielding 4.25% APY, their 37-month CD is yielding 4.35% APY, their 4-year CD is yielding 4.45% APY, and their 5-year CD is yielding 4.55% APY. All the CDs have a minimum deposit of $5000.
Fifth Third Bank has numerous branches throughout the Chicago area.
We mentioned a very similar deal last month, but it’s still available (and interesting) so we’ll mention it again: First DuPage Bank is offering a callable 35-month CD that’s yielding 5.00% APY. First DuPage will guarantee the 5.00% rate for the first six months, but anytime after that (and before the end of the term), First DuPage has the right to cancel the CD and return to you your initial deposit (as well as any interest you have earned through that point). While First DuPage has the right to close down the CD early, you do not, unless you pay the early withdrawal penalty. The CD has a minimum deposit of $10,000 and a maximum deposit of $99,000.
If you’d rather have a traditional CD, First DuPage has a regular 35-month CD that’s yielding 4.65% APY and a regular 25-month CD that’s yielding 4.40% APY. Both these CDs have $5000 minimums.
First DuPage Bank has one location: 520 North Cass Avenue in Westmont.
Second Federal Savings is offering a high 18-month CD: 4.50% APY. The CD has a minimum of $2500. This deal doesn’t seem to be available on their website, but you can see an ad (from 11/14) for the CD rate here.
Second Federal has three locations: 26th & Pulaski in Chicago, Archer & 43rd in Chicago, and Cermak & Cicero in Cicero.
This is easily the largest checking account bonus we’ve seen recently: MB Financial is offering a $200 bonus for anyone who opens their Free Checking Account. The $200 will be paid as four $50 payments for each of the first four months that you do both of the following: (a) have a payroll direct deposit of at least $250, and (b) have at least 12 signature-based debit card transactions. It’s not available to people who already have an MB Financial checking account. This deal doesn’t seem to be listed on their website, but there was an ad for it in Sunday’s Chicago Tribune (11/16).
MB Financial has over 70 locations throughout the Chicago area. You can see a list of them here.
I just noticed that the previous post I wrote was the 250th post written here for Chicago CD Rates. I just wanted to thank you all for your support and comments over the last 17 months, and I hope to continue finding Chicago CD rate deals and savings deals for all of you for many years to come.
Suburban Bank & Trust has an attractive money market rate that’s guaranteed through June 1st of next year: 3.50% APY. Even better, if you have or open a checking account with Suburban Bank & Trust, or if if you have or open a consumer loan, the guaranteed rate goes up to 3.75% APY. You can open the account anytime before the end of 2008, but the end date for the guaranteed rate remains 6/1/09. This deal does not seem to be listed on their website, but you can see an ad for it here.
Suburban Bank & Trust has 13 locations: four in Elmhurst, and one each in Chicago, Glen Ellyn, Lemont, Markham, New Lenox, Oak Lawn, Orland Park, Wheaton, and Wood Dale.
National City Bank has a number of attractive CDs available right now. The rates listed below are for customers who have an existing National City personal checking or savings account or who open a new personal checking account (except Free Checking) or a Money Market Savings account with $1,500. If you don’t meet that requirement, the rates are 25 basis points lower.
- 12-month CD: 4.00% APY
- 18-month CD: 4.50% APY
- 24-month CD: 5.00% APY
- 36-month CD: 5.00% APY
These rates are slightly lower than the rates offered last month, but they are still very competitive in today’s enviornment. The CDs also have a minimum deposit of $10,000 and a maximum deposit of $250,000 per household. The rates are also available for IRA CDs and Rollover IRA CDs. This deal is currently scheduled to last through November 22nd.
National City has many branches throughout Chicagoland.
First Personal Bank has the best add-on CD I’ve seen in in the Chicago area for awhile: Their 11-month add-on CD is yielding 4.50% APY. Unlike some add-on CDs that will only let you add to the initial deposit once, additions in this CD are allowed at any time in any amount at the same interest rate as the initial deposit. The CD has a minimum deposit of only $250.
First Personal Bank has three locations: Archer Ave. and Austin Ave. in Chicago, Archer Ave. and McCarthy Rd. in Lemont, and 14701 Ravinia Ave in Orland Park.
[This deal is no longer available.]
Standard Bank has a competitive 1-year CD available: Their 12-month CD is yielding 4.01% APY. There is a pretty big restriction on this CD, however: You must open and/or maintain a “primary checking account” for the entire term of the CD. Their definition of a “primary checking account”: at least five transactions per credit cycle. The minimum deposit for this CD is $5000 and the maximum per family is $75,000. This CD is not listed on Standard Bank’s website, but you can see an ad for it here.
Standard Bank has 41 locations, primarily in the south Chicago suburbs and northwest Indiana.
Central Federal Savings has a couple of high CD rates for mid-term CDs: Their 14-month CD is yielding 4.00% APY, and their 25-month CD is yielding 4.35% APY. Both these CDs have $10,000 minimums; the CDs are also available with a $2500 minimum, but the rates on the CDs drop 25 basis points.
Central Federal Savings has two locations: 5953 W. Cermak Road in Cicero and 6940 W. Ogden Avenue in Berwyn.