[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.]
Guaranty Bank has an interesting new bonus program, called “Savings PayBank,” for both current customers and new customers. In short, this is how the program: Open a Guaranty Bank checking account and savings account. Pick any amount you’d like to have Guaranty automatically move it from the checking to the savings account each month for the Savings PayBank. After making 11 consecutive monthly transfers, Guaranty will match the 12th (and the 24th, and the 36th, and the…) transfer you make, up to $100.
One of the nice things about this deal that differentiates it from some of the other bonuses out there is that it’s a recurring bonus — you can continue getting your $100 year after year after year. If you know that you’ll have enough in your checking account to have a $100 transfer every month, this may very well be worth your while.
Guaranty Bank has over 30 branches in the Chicago metro area. You can find one near you here.