[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.]
5.15% 5-year CD at Cole Taylor
Cole Taylor Bank has one of the best long-term CDs we’ve seen recently: Their 5-year CD is yielding 5.15% APY. This CD has a minimum of $10,000 to open the CD, and the website specifically states IRAs are not permitted and that the money must be new money to Cole Taylor. Cole Taylor has a couple other good CDs, all of which have the same minimums and the same restrictions: a 24-month CD at 4.50% APY, a 15-month CD at 4.30% APY, and an 11-month CD at 4.00% APY.
Cole Taylor Bank has 10 locations, all in Chicagoland: Four in Chicago, two in Skokie, and one each in Burbank, Lombard, Rosemont, and Wheeling.
5.25% 5-year CD at Cole Taylor Bank
Cole Taylor Bank has the highest CD rate we’ve seen in a few months, although it does require locking up your money for quite a while: Their 5-year CDs are earning 5.25% APY. This CD has a minimum of $10,000, and the rate sheet explicitly says that the CD must be new money to the bank and that no IRA CDs are allowed. Cole Taylor has some other nice CDs, also with the same minimum and same restrictions: an 11-month CD earning 4.00% APY, a 15-month CD earning 4.10% APY, a 2-year CD earning 4.50% APY, and a 3-year CD earning 4.75% APY.
Cole Taylor Bank has 10 locations, all in Chicagoland: Four in Chicago, two in Skokie, and one each in Burbank, Lombard, Rosemont, and Wheeling.
4.30% 60-month CD at Cole Taylor
For those looking to lock in some money long term: Cole Taylor Bank has a 5-year CD that is earning 4.30% APY. There is a $1000 minimum on this CD. CDs for slightly shorter terms (between 24 and 59 months) are earning between 3.70% and 3.80% APY.
Cole Taylor Bank has 10 locations, all in Chicagoland: Four in Chicago, two in Skokie, and one each in Burbank, Lombard, Rosemont, and Wheeling. Cole Taylor Bank’s deposits are $2.53 billion and assets are $3.29 billion.
5.10% 60-month (and up) CDs at Cole Taylor Bank
There’s not a lot of good long-term CDs out there right now, so I’m happy to see this deal: Cole Taylor Bank is offering a 5.10% CD on all terms 60 months and up. This CD has a minimum of only $1000.
Cole Taylor Bank has 10 locations, all in Chicagoland: Four in Chicago, two in Skokie, and one each in Burbank, Lombard, Rosemont, and Wheeling.
