[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.]
16-month, 2.46% CD at Mutual Bank
Mutual Bank has a pretty high CD available in today’s CD environment: Their 16-month CD is yielding 2.46% APY. This CD has a minimum deposit of $2500 and a maximum of $95,000. Mutual Bank is also offering a 3-year CD 2.63% APY, a 4-year CD at 2.99% APY, and a 5-year CD at 3.26% APY. The 3-year CD has the same minimum, but the 4- and 5-year CDs have a minimum of only $1000. All have the same maximum. All the CDs are also available as IRA CDs.
Mutual Bank has nine branches in the Chicago area: Two in Naperville, and one each in Aurora, Carol Stream, Chicago, Downers Grove, Harvey, Roselle, and Villa Park.
CDs up to 3.50% at Mutual Bank
Mutual Bank has a number of very good CD rates across the term spectrum:
- 12-month CD: 2.70% APY
- 16-month CD: 2.75% APY
- 24-month CD: 2.95% APY
- 36-month CD: 3.04% APY
- 48-month CD: 3.25% APY
- 60-month CD: 3.50% APY
These CDs have a minimum deposit of $1000 except the 16-month CD, which has a minimum deposit of $2500. The APYs on all the CDs go down approximately 1/4% for amounts deposits than $95,000.
Mutual Bank has nine branches in the Chicago area: Two in Naperville, and one each in Aurora, Carol Stream, Chicago, Downers Grove, Harvey, Roselle, and Villa Park.
2-year 4.30%, 5-year 5.10% CDs at Mutual Bank
Mutual Bank has a couple high CDs available for mid-term and long-term periods. Their 2-year CD is yielding 4.30% APY, and their 5-year CD is yielding 5.10% APY. These CDs have a $2500 minimium, and both CDs are available as IRA CDs. Mutual Bank also has a 1-year CD yielding 4.10% APY with the same minimum.
Mutual Bank has nine branches in the Chicago area: Two in Naperville, and one each in Aurora, Carol Stream, Chicago, Downers Grove, Harvey, Roselle, and Villa Park.
CDs up to 4.50% at Mutual Bank
Mutual Bank has a number of attractive CDs in various terms:
- 18-month CD: 4.00% APY ($2500 min.)
- 36-month CD: 3.80% APY ($1000 min.)
- 48-month CD: 3.90% APY ($1000 min.)
- 54-month CD: 4.50% APY ($2500 min.)
- 60-month CD: 4.10% APY ($1000 min.)
The 18-month and 54-month CDs are also available as IRA CDs with the same minimum. For the other terms, the IRA CDs are even better:
- 36-month CD: 4.06% APY ($1000 min.)
- 48-month CD: 4.16% APY ($1000 min.)
- 60-month CD: 4.36% APY ($1000 min.)
Mutual Bank has nine branches in the Chicago area: Two in Naperville, and one each in Aurora, Carol Stream, Chicago, Downers Grove, Harvey, Roselle, and Villa Park.
5.3% 3-Year CD at Mutual Bank
The Fed’s recent rate drops have wreaked even more havoc on the mid-to-long-term CDs than on the short-term ones, so given that this is may be a great opportunity: Mutual Bank is offering 5.30% APY on its 36-month CDs. This rate is also available on their IRA CDs. There is a minimum of $5000 on the CD, but no other restrictions. As far as we’re aware, this is the highest rate available for any CD 2 years or longer in the Chicago area.
Mutual Bank has nine branches in the Chicago area: Two in Naperville, and one each in Aurora, Carol Stream, Chicago, Downers Grove, Harvey, Roselle, and Villa Park.
