[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.]
2-year, 3.00% CD at American Eagle Bank of Chicago/South Elgin
American Eagle Bank of Chicago and American Eagle Bank of South Elgin are both offering a 2-year CD special: a 3.00% APY CD for 24 months (2.50% the first 12 months; 3.50% the last 12). Neither website lists a minimum deposit. The South Elgin bank is offering the deal only to existing customers and Kane County residents, but the Chicago Bank is offering it to residents of the Greater Chicagoland Metropolitan Statistical Area and existing customers. American Eagle Bank of Chicago is also offering a 14-month, 2.50% APY CD, again with no listed minimum.
American Eagle Bank of Chicago is located at 700 North Ashland Ave. and 2129 North Western Ave. in Chicago. American Eagle Bank of South Elgin is located at 556 Randall Rd. in South Elgin.
2-year CD specials at American Eagle Banks
American Eagle Bank of Chicago and American Eagle Bank of South Elgin are both offering CD specials at 2 years. The Chicago bank is offering a 3.25% APY CD for 24 months (2.75% the first 12 months; 3.75% the last 12), and the South Elgin bank is offering a 3.00% APY CD for 24 months (2.75% the first 12 months; 3.75% the last 12). Neither website lists a minimum deposit. The South Elgin rate is available only to existing customers and Kane County residents, although the better Chicago rate is residents of the Greater Chicagoland Metropolitan Statistical Area and existing customers.
American Eagle Bank of Chicago is located at 2129 North Western Ave in Chicago. American Eagle Bank of South Elgin is located at 556 Randall Road in South Elgin.
3.75% 5-year CD (and other decent CDs) at American Eagle Bank of Chicago and South Elgin
American Eagle Bank of Chicago and American Eagle Bank of South Elgin both have a few pretty good CD rates right now. The best both of them have is a 5-year CD that’s earning 3.75% APY with a minimum of $1000. (Coverdell ESA CDs have a minimum of $500.) American Eagle Bank of Chicago has other two good shorter-term CDs: a 9-month CD earning 3.65% APY, and a 1-year CD earning 3.50% APY. South Elgin has nothing else quite that high, although they do have 2- and 3-year CDs earning 3.35% APY. These CDs also have the same $1000 minimum.
American Eagle Bank of Chicago is located at 2129 North Western Ave in Chicago. American Eagle Bank of South Elgin is located at 556 Randall Road in, of course, South Elgin.
4.50% 7-month CD/4.60% checking at American Eagle Bank of Chicago
American Eagle Bank of Chicago has two good deals going on. First they’re offering a 7-month CD at 4.50% APY. This CD doesn’t seem to have any minimum, and it has a 30-day early withdrawal penalty. Even better might be their Platinum NOW Checking Account Special, which guarantees a 4.60% APY on your checking account as long as you have direct deposit. (If you don’t, the rate drops to 2.50%.) The checking account has a $500 minimum to earn interest and to avoid service charges.
American Eagle Bank of Chicago has one branch: 2129 N. Western Ave. in Chicago. Thanks to American Eagle Bank of Chicago for e-mailing me about these deals.
6-month, 6% CD (or Money Market) at American Eagle Bank
(Note: This deal is no longer available.)
The Chicago branch of American Eagle Bank is offering a 6-month CD at an amazing 6.00% APY — .50% better than any similar CD in the Chicago area. (CenTrust Bank, which has a 6-month, 5.50% CD, comes the closest.) As another option, American Eagle Bank, Chicago Branch has a “6 Month Guarantee Money Market” which will earn 6.00% APY on all balances over $1,000 for the first six months the account is opened. The end result is the same, but the money market gives more liquidity, so that might be a smarter option.
In addition, American Eagle in Chicago is offering a 12-month, 5.50% CD, which is the highest 1-year CD offered by a bank in the Chicago area. The only restriction listed: “All rates and promotions are available to residents of the Greater Chicagoland Metropolitan Statistical Area and current customers.”
American Eagle Bank has two branches — in Chicago and South Elgin — but from what I can tell, only the Chicago branch (2129 N. Western Ave) is offering these special CDs. If you’d like to try the South Elgin branch to see if they’ll match the CD rate, it’s at 556 Randall Rd., but I make no promises.
(Thanks to Bank Deals Blog.)
