[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.]
4-year, 5.00% CD at National City (and maybe MidAmerica)
A couple weeks ago, National City offered a 4.50% APY CD for four years. That was a very good rate in today’s CD environment, but today’s newspapers have an even better rate from National City: a 48-month CD with a 5.00% APY. The fine print states that the rate will be available through March 8th. As with the previous CD deal, there’s a catch: You must have an existing checking account at National City or open a checking account with $1,500. This offer also requires a $10,000 minimum deposit and has a $250,000 maximum. Since National City is in the middle of switching over all MidAmerica Bank branches to National City, you might also have luck opening the account there.
MidAmerica Bank has about 60 branches throughout the Chicago area. National City also has many branches throughout Chicagoland.
4-year, 4.50% CD at National City (and maybe MidAmerica)
National City Bank is offering a 48-month CD with a very nice rate: 4.50% APY. There is a restriction on this CD, however: “To qualify for this offer, you must have an existing savings account at National City or open a Money Market Savings account with $1,500.” This offer also requires a $10,000 minimum deposit. Since National City is in the middle of switching over all MidAmerica Bank branches to National City, you might also have luck opening the account there.
MidAmerica Bank has about 60 branches throughout the Chicago area. National City also has many branches throughout Chicagoland.
5.25% 48-Month CD at National City and MidAmerica
National City Bank and MidAmerica Bank, both part of the National City Corporation, have a very nice 4-year CD rate right now: 5.25% APY with a $10,000 minimum. There is one catch to the deal, the specifics of which depend on which bank you open it with. With National City: “To qualify for this offer, you must have an existing savings account at National City or open a Money Market Savings account with $1,500.” With MidAmerica Bank, you need to open a checking account with $1500. The MidAmerica deals seems to be better as the Free Checking Account doesn’t have any minimum balance required to avoid fees after the initial deposit, so you wouldn’t have to keep the entire $1500 in the account for any extended period of time. Also, at MidAmerica at least, the CD is available as an IRA CD with a minimum of only $100.
MidAmerica Bank has about 60 branches throughout the Chicago area. National City also has many branches throughout Chicagoland.
(Thanks to reader PG for pointing out this deal.)
