35-month, 5.00% callable CD at First DuPage Bank
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.
4.50% 18-month CD at Second Federal
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.
$200 checking account bonus at MB Financial
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.
3.75% money market at Suburban Bank & Trust
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.
CDs up to 5.00% at National City
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.
11-month, 4.50% add-on CD at First Personal Bank
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.
1-year, 4.01% CD at Standard Bank
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.
CDs up to 4.35% at Central Federal Savings
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.
4.00% 4-month CD at Ridgestone Bank
Ridgestone Bank has a high very-short-term CD available: Their 4-month CD is yielding 4.00% APY. The minimum deposit actually changes depending on what branch you open the CD at: The Brookfield (Wisconsin) branch has a minimum of $20,000 on this CD, while the Schaumburg branch has a minimum of $40,000. Both of which require the deposit to be new money to Ridgestone Bank.
Ridgestone Bank has two locations: 10 Martingale Rd., Suite 100 in Schaumburg, and 13925 W. North Ave. in Brookfield, WI (near Milwaukee).
2-year 4.30%, 5-year 5.10% CDs at Mutual Bank
Mutual Bank has a couple high CDs available for mid-term and long-term periods. Their 2-year CD is yielding 4.30% APY, and their 5-year CD is yielding 5.10% APY. These CDs have a $2500 minimium, and both CDs are available as IRA CDs. Mutual Bank also has a 1-year CD yielding 4.10% APY with the same minimum.
Mutual Bank has nine branches in the Chicago area: Two in Naperville, and one each in Aurora, Carol Stream, Chicago, Downers Grove, Harvey, Roselle, and Villa Park.
3.90% 7-month CD at Countrywide
Countrywide Bank has a competitive short-term CD: Their 7-month CD is currently yielding 3.90% APY. This CD has a minimum of $10,000, although if you open it as an IRA CD, the minimum drops to $2500. Countrywide also has a 1-year CD yielding 3.95% APY with the same minimums.
Countrywide has 14 financial centers in Chicagoland, located in Chicago, Crystal Lake, Elgin, Elmhurst, Glenview, Highland Park, Joliet, Libertyville, Naperville, Oak Lawn, Orland Park, Plainfield, Schaumburg, and Wheaton.
3.25% checking account at First American Bank
First American Bank has a very high checking account rate available: Their CheckingPLUS checking account is yielding 3.25% APY, which is guaranteed for the first year. The current rate on the account outside of the promotion is 2.25% APY. The promotion isn’t listed on their homepage best we can tell, but there is an ad for it here.
There are a few restrictions on the account: To get the APY, you must have a ACH debit or credit activated within 60 days of opening the account and occurs in the second full statement cycle; or make 10 deposit/withdrawal transactions within the second full statement cycle. You must have a minimum daily balance of $1000 to avoid a $25 monthly fee. There is a $25 fee if you close the account within the first six months. The account is restricted to Illinois residents of Kane, Cook, Lake, DuPage, Will, Kendall, DeKalb, Grundy, McHenry, and Kankakee counties. And amounts over $100,000 may not receive the promotional rate.
First American Bank has over 40 branches in the Chicago area, but this promotion is only available at the Homer Glen, Orland Park, Round Lake, Gurnee, Lake Villa, and Lindenhurst branches.
