[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.]
One-year CDs are very low right now, so this CD is competitive at 1.23% APY: a 12-month CD at First Choice Bank. You can see an ad for the CD here. The CD has a minimum deposit of $1000 and a maximum of $100,000. There are also a 3-month CD available at .76% APY and a 6-month CD at .91% APY.
First Choice Bank has two branches: State Street in Geneva and Naperville Road in Wheaton.
Ridgestone Bank is offering two CDs at decent rates: a 13-month CD that’s yielding 1.25% APY, and a 20-month CD that has a 1.50% APY return. The CDs have a minimum deposit of $20,000 and a maximum deposit of $95,000. If you open the CD for an amount greater that $95,000, the rates are dropped to 1.15% APY and 1.40% APY respectively.
Ridgestone Bank has two branches, one of which is in Illinois: 10 N. Martingale Road, Suite 100, in Schaumburg.
Leaders Bank is offering two competitive mid-term CDs: a 12-month CD yielding 1.30% APY, and an 18-month CD yielding 1.48% APY. Both CDs have a minimum deposit of $10,000. Leaders Bank doesn’t seem to list their rates on their website, but these rates were advertised on page 4 of the Business section in Sunday’s Chicago Tribune (10/17/10).
Leaders Bank has three branches: in Oak Brook, Naperville, and Hoffman Estates. However, the ad in the Chicago Tribune only lists the Oak Brook and Naperville branches, so it’s possible the Hoffman Estates’ branch might have different rates on its CDs.
- 2-year CD: 1.70% APY
- 30-month CD: 1.90% APY
- 3-year CD: 2.10% APY
- 4-year CD: 2.30% APY
- 5-year CD: 2.75% APY
These CDs all have a minumum deposit of $1000. Evergreen Bank Group also offers the CDARS Program, which provides FDIC insurance for Certificates of Deposit for up to $50,000,000; contact them for more information on that.
Evergreen Private Bank has one location: 1515 West 22nd Street, Suite 100W in Oak Brook — right next to Oakbrook Mall.
Our apologies for the lack of posting recently. It should start picking up again.
Alliant Credit Union has a number of competitive CD rates available:
- 12-to-23-month CDs: 1.60% APY
- 24-to-35-month CDs: 1.85% APY
- 36-to-47-month CDs: 2.10% APY
- 48-to-60-month CDs: 2.75% APY
These CDs have a $25,000 minimum, but the CDs are also available with a $1000 minimum with only a .10% rate drop. These rates are also available as traditional IRA CDs, Roth IRA CDs, SEP IRA CDs, and Coverdell ESAs.
Alliant Credit Union is a relatively open credit union with quite a few ways to join. Anyone who lives in Arlington Heights, Bensenville, Des Plaines, Elk Grove, Elmhurst, Franklin Park, Harwood Heights, Itasca, Mt. Prospect, Northlake, Niles, Norridge, Park Ridge, Prospect Heights, River Grove, Rolling Meadows, Rosemont, Schiller Park, and Wood Dale is eligible. In addition, anyone who works on O’Hare Airport property, works for United Airlines or its business affiliates, is a member of Life Time Fitness, or who is a member of the National PTA is able to join Alliant. If you don’t meet any of these criteria, you can join the National PTA for $25.
Alliant Credit Union has 10 locations, three of which are in Chicagoland: One in Des Plaines, one at United World Headquarters in Mt. Prospect (United World Headquarters employees only), and one in O’Hare Airport.