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[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.]
Bump-Up CDs up to 3.60% at Libertyville Bank & Trust (and its branches with other names)
For those of you who believe that rates will eventually be going up again, there may be a two good deals at Libertyville Bank & Trust: A 3-year bump-up CD at 3.40% APY, and a 5-year bump-up CD at 3.60% APY. After the first 12 months, you can lock in a new, higher rate on the CDs, and you can relock it every 12 months after any previous lock. To get these rates, you need to be a founders club member at Libertyville B&T (or one of their associated banks — more on that further down), or you need to open a checking account at the same time you open the CD. If you don’t open up the checking account, the rates drop by 0.25%. The CDs have a minimum of $1000.
Libertyville Bank & Trust has three branches named Libertyville Bank & Trust, all which are in Libertyville. However, it also has seven other branches that are named after the city the branch is located in:
- Gurnee Community Bank
- Island Lake Community Bank
- Lake Villa Community Bank
- Mundelein Community Bank
- Vernon Hills Bank & Trust (not yet opened)
- Wauconda Community Bank (two branches)
