[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.]
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.
4.10% 7-month CD at Countrywide Bank
Countrywide Bank has a very good short-term CD available: a 4.10% 7-month CD. Like all Countrywide’s CDs, this CD has a minimum of $10,000 or a minimum of $2500 for an IRA CD. Countrywide has some other nice CDs available as well: Their 2-year CDs return 4.00% APY, and their 3-, 4- and 5-year CDs return 4.25% APY.
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.
(Thanks to trinidon2k.)
CDs still up to 4.5% at Countrywide Bank
We’ve mentioned this the past couple months, but since it’s available, and it’s of the best deals available to everyone in Chicagoland, we’ll mention it again:
Countrywide Bank has some very good rates at terms up to 5 years:
- 6-month CD at 3.65% APY
- 1-year CD at 3.95% APY
- 2-year CD at 4.25% APY
- 3-, 4-, and 5-year CDs at 4.50% APY
These CDs all have $10,000 minimums and can be opened either online or at a Countrywide Financial Center. The CDs are also available as IRA CDs with a $2500 minimum.
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.
Highest Money Market Accounts and Savings Accounts in Chicagoland
Right now, these seem to be the highest local money market and savings account rates:
- Corus Bank’s Money Market: 4.00% APY ($10,000 minimum)
- Countywide Bank’s SavingsLink: 4.00% APY ($10,000 minimum)
- Alliant Credit Union’s Regular Savings: 4.00% APY ($5 minimum)
Ravingswood Bank’s Classic Passbook Savings, which was the leader last time we mentioned this topic, is now down to 3.03% APY.
Alliant Credit Union is a relatively open credit union with quite a few ways to join. Anyone who lives in Arlington Heights, Bensenville, Des Plaines, Elk Grove, Elmhurst, Franklin Park, Harwood Heights, Itasca, Mt. Prospect, Northlake, Niles, Norridge, Park Ridge, Prospect Heights, River Grove, Rolling Meadows, Rosemont, Schiller Park, and Wood Dale is eligible. In addition, anyone who works on O’Hare Airport property, works for United Airlines or its business affiliates, is a member of Life Time Fitness, or who is a member of the National PTA is able to join Alliant. If you don’t meet any of these criteria, you can join the National PTA for $25.
(Thanks to Savings Account Interest for helping us with national savings account and money market rates.)
CDs up to 4.50% at Countrywide Bank
We wrote about this last month, but we just wanted to mention it again — Countrywide Bank has some very good rates at terms up to 5 years:
- 6-month CD at 3.75% APY
- 1-year CD at 4.10% APY
- 2-year CD at 4.25% APY
- 3-, 4-, and 5-year CDs at 4.50% APY
These CDs all have $10,000 minimums and can be opened either online or at a Countrywide Financial Center. The CDs are also available as IRA CDs with a $2500 minimum.
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.
CDs up to 4.50% at Countrywide Bank
Countrywide Bank, which historically has generally kept its best CD rates at 12 months and under, now has some very good rates at terms up to 5 years:
- 1-year CD at 4.10% APY
- 2-year CD at 4.25% APY
- 3-, 4-, and 5-year CDs at 4.50% APY
These CDs all have $10,000 minimums and can be opened either online or at a Countrywide Financial Center. The rates will be available through May 1st.
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.
4.20% 12-month CD at Countrywide
Good ol’ Countrywide Bank has consistently had among the best short-term CD rates for the entire time we’ve been running this blog. (Whether that will continue after they get eaten up by Bank of America is an interesting question.) And again, they have one of the few short-term CDs above 4% in Chicagoland: a 12-month CD earning 4.20% APY. As usual, this CD has a minimum of $10,000 (or $2500 for an IRA CD). And as usual, we want to remind you that since Countrywide is having financial problems, it’s prudent to keep your total deposits with them under FDIC insurance limits.
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.
4.35% 5-month CD/IRA CD at Countrywide
Despite their impending purchase by Bank of America, Countrywide Bank is still offering some of the highest short-term CD rates of any bank in Chicagoland. Their latest CD deal is a 5-month, 4.35% CD or IRA CD. The deal isn’t listed on their website, but you can see an ad for it here (note: link good only through March 3rd). The ad implies that the rate will continue through “America Saves Week” ends on March 2nd, but there’s no guarantee of that.
Countrywide has 14 financial centers in the Chicago area, located in Chicago, Crystal Lake, Elgin, Elmhurst, Glenview, Highland Park, Joliet, Libertyville, Naperville, Oak Lawn, Orland Park, Plainfield, Schaumburg, and Wheaton.
4.50% 5-month CD at Countrywide Bank
Countrywide Bank had an advertisement in Sunday’s Chicago Tribune for their latest short-term CD deal: a 5-month CD earning 4.50% APY. As with most of their CD deals, there is a $10,000 minimum, and this particular CD can only be opened in Illinois financial centers.
Countrywide has 14 financial centers in the Chicago area, located in Chicago, Crystal Lake, Elgin, Elmhurst, Glenview, Highland Park, Joliet, Libertyville, Naperville, Oak Lawn, Orland Park, Plainfield, Schaumburg, and Wheaton.
5.00% 6-month CD and 4.75% savings account at Countrywide Bank
We mentioned last week that Countrywide Bank had a 3-month CD that was earning 5.05% APY. That CD is still available, albeit with a slightly lower rate (5.00% APY), but they’ve also added another great CD: a 6-month CD that earns 5.00%. The minimum on this CD is $10,000, although IRA CDs are also available with a minimum of $2500. Both CDs need to be opened in a Countrywide financial center; the rate drops to 4.90% APY if opened online.
Countrywide also has a savings account, SavingsLink, that is earning 4.75% APY — a drop from 5.00% last week, but still very competitive in today’s market. SavingsLink must be opened online, but once opened you can use any of the financial centers to deposit or withdraw money from the account (as well as online banking).
Countrywide has 13 financial centers in the Chicago area, located in Chicago, Crystal Lake, Elmhurst, Glenview, Highland Park, Joliet, Libertyville, Naperville, Oak Lawn, Orland Park, Plainfield, Schaumburg, and Wheaton.
(Thanks to reader trinidon2k who posted this deal here.)
5.05% 3-month CD at Countrywide Bank
Most of Countrywide Bank’s rates have dropped dramatically in the past two weeks, but they do still have one great CD rate: A 3-month CD that earns 5.05% APY. The minimum on this CD is $10,000. IRA CDs are also available with a minimum of $2500.
Countrywide has 13 financial centers in the Chicago area, located in Chicago, Crystal Lake, Elmhurst, Glenview, Highland Park, Joliet, Libertyville, Naperville, Oak Lawn, Orland Park, Plainfield, Schaumburg, and Wheaton.
5.50% 6-Month CD at Countrywide Bank
Countrywide Bank, which has been the short-term CD-rate leader in the Chicago area as of late, has another fantastic CD: a 5.50% 6-month CD. Unlike some of their recent deals, which had to be opened in a branch, this CD can be opened either in a branch or online. Also, the 5.50% 3-month CD we mentioned last week is also still available and can be opened either online or in a branch. The minimum on both these CDs is $10,000. IRA CDs are also available with a minimum of $2500. Due to Countrywide’s recent financial problems, it would probably be prudent to keep your total account balance at Countrywide under the FDIC limits, which is $100,000 for single-person assets and $200,000 for joint assets. For more information on FDIC insurance, see the FDIC’s page on it.
Countrywide has 13 financial centers in the Chicago area, located in Chicago, Crystal Lake, Elmhurst, Glenview, Highland Park, Joliet, Libertyville, Naperville, Oak Lawn, Orland Park, Plainfield, Schaumburg, and Wheaton.
