[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.]
American Enterprise Bank has a very competitive checking account rate available: Their Premier Interest Checking is yielding 2.50% APY. The minimum balance required in the checking account to earn the APY is $10,000, and a $10/month fee is charged for accounts with less than $350. This rate does not seem to be listed on American Enterprise’s website, but you can see an ad for it (from April 9th) here.
American Enterprise Bank has four locations: Buffalo Grove, Highland Park, Schaumburg, and Wheaton.