[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.]
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.