[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.]
M&I Bank has three good bump-up CDs available right now, all with a minimum of $2500:
- 20-month bump-up CD at 3.50% APY
- 40-month bump-up CD at 4.00% APY
- 60-month bump-up CD at 4.50% APY
How the bump-up option works: “The Smart Saver CD allows you to make a one-time rate change after the account has been open for 6 months. When you make the rate change, you can also make an additional deposit to the CD.”
M&I has numerous locations in the Midwest (as well as some southern states) but only two in Illinois: One in Chicago and one in Belleville.