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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.]
CD rates up to 4.00% at AMCORE Bank
AMCORE Bank has a couple nice CDs in our current rate-dropping environment. Their 10-month CD is yielding 3.50% APY, and their 39-month CD is yielding 4.00% APY. These CDs have a minimum deposit of $10,000 and a maximum of $1 million. Unfortunately, to get these rates, you have to have one of the following: (a) an AMCORE checking account with direct deposit or ACH, (b) an aggregate deposit balance of $25,000 or more with AMCORE, or (c) an Ambassador Club Membership (for those 55 and over with $10,000 or more on deposit with AMCORE). What I don’t know is whether the CD itself would help to meet those deposit requirements, i.e. if you opened a $25,000 CD, whether that itself would meet option (b). You’d have to call an individual branch or 877-926-2673 to find out for sure what they’d be willing to do. AMCORE doesn’t seem to have either rate listed on their website, but both CDs were advertised in the business section of Sunday’s (1/18) Chicago Tribune.
AMCORE Bank has more than 75 locations throughout Illinois and Wisconsin. You can find one near you here.
January 21st, 2009 at 10:09 am
Amcore told me that the CD specials are only for those having Amcore checking accounts. Without checking, the 10mth is 3%.