[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.]

1.56% Health Savings Accounts at Corporate America Family Credit Union

Corporate America Family Credit Union (CAFCU) has a very nice rate on their Health Savings Accounts (HSAs): 1.56% APY on balances over $10,000. Balances over $5000 still make a competitive 1.31% APY, and balances over $1000 return 1.05%. Corporate American Family CU also has reasonably competitive 3-year CDs available: 1.87% APY on deposits over $10,000. IRA certificates are also available with that CD.

Corporate America Family CU is a very open credit union: Membership is open to anyone who lives or works within 25 miles of a branch, i.e. pretty much the entire Chicago area. Corporate America Family CU has 8 branches in the greater Chicago area: in Burbank, Chicago, Crystal Lake, Elgin, Oak Brook, Rosemont, Streamwood, and Warrenville.

25 to 48 months, CDs, Corporate America Family CU, Health Savings Accounts, IRA CDs Comments Off March 16th, 2011

13-month, 1.05% and 25-month, 1.25% CDs at Bank of Pontiac

If you’re in the far southwest suburbs of Chicago, these competitive rates might be worth considering: Bank of Pontiac has a 13-month CD yielding 1.05% APY and a 25-month CD returning 1.25% APY. These CDs both have a minimum deposit of $500. The 13-month CD has a 3-month penalty for closing the account early, and the 25-month CD has a 6-month penalty. If you are a “FunTimer” (age 50 or older; have an “Interest/FunTimer checking” account; maintain a combined deposit relationship of at least $2,500 at Bank of Pontiac), those rates go up by .10%

Bank of Pontiac has five locations: Two in Pontiac, two in Dwight, and one in Odell.

13 to 24 months, 25 to 48 months, Bank of Pontiac, CDs Comments Off March 9th, 2011

Competitive CDs in various terms at AA Credit Union

AA (American Airlines) Credit Union has a number of extremely competitive mid-term and long-term CDs:

  • 1-year CD: 1.26% APY
  • 2-year CD: 1.76% APY
  • 30-month CD: 2.02% APY
  • 3-year CD: 2.27% APY
  • 4-year CD: 2.42% APY
  • 5-year CD: 2.88% APY

These CDs all have a $10,000 minimum, although they’re also available with a $1000 minimum if you’re willing to take 0.05%-0.10% off of the rate. Their penalty for early withdrawal is 6 months’ interest on 1-to-3-year CDs, and 1 year’s interest on 4- and 5-year CDs. AACU tends to change their rates only once a month, so these rates may be good through all of March; no promises, however.

AA Credit Union is open to anyone who works directly with the air transportation industry — not just American Airlines employees. This includes airline employees, TSA and FAA employees, baggage handlers, those who deal with airline food services, and others. It also is open to those who are retired from the air transportation industry.

The four local branches of AA Credit Union are all located on the grounds of O’Hare Airport — in Terminal 3, Concourse K; in Terminal 3, Concourse G; in the West Mezzanine Level, Terminal 3; and at 9950 W. Lawrence Ave., Suite 219.

13 to 24 months, 25 to 48 months, 7 to 12 months, AA CU, CDs, more than 48 months Comments Off March 2nd, 2011