[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.]
CDs up to 5.00% at National City
National City Bank has a number of attractive CDs available right now. The rates listed below are for customers who have an existing National City personal checking or savings account or who open a new personal checking account (except Free Checking) or a Money Market Savings account with $1,500. If you don’t meet that requirement, the rates are 25 basis points lower.
- 12-month CD: 4.00% APY
- 18-month CD: 4.50% APY
- 24-month CD: 5.00% APY
- 36-month CD: 5.00% APY
These rates are slightly lower than the rates offered last month, but they are still very competitive in today’s enviornment. The CDs also have a minimum deposit of $10,000 and a maximum deposit of $250,000 per household. The rates are also available for IRA CDs and Rollover IRA CDs. This deal is currently scheduled to last through November 22nd.
National City has many branches throughout Chicagoland.
CDs up to 5.25% at National City
National City Bank has a number of very good CDs available right now. The first rate listed is for customers who have an existing National City personal checking or savings account or who open a new personal checking account (except Free Checking) or a Money Market Savings account with $1,500. The rate in brackets is for customers who don’t meet those requirements.
- 18-month CD: 4.50% APY [4.00% APY]
- 24-month CD: 5.00% APY [4.75% APY]
- 36-month CD: 5.25% APY [5.00% APY]
- 48-month CD: 5.25% APY [5.00% APY]
The CDs also have a minimum deposit of $10,000 and a maximum deposit of $250,000 per household. The rates are also available for IRA CDs and Rollover IRA CDs. This deal is currently scheduled to last through November 1st.
National City has many branches throughout Chicagoland.
CDs up to 5.25% at National City
National City Bank has a number of quite high CDs available right now: their 24-month CD is yielding 5.00% APY, and their 36- and 48-month CDs are returning 5.25% APY. The biggest requirement to this deal is that the depositor must have an existing National City personal checking or savings account, or open a new personal checking account (except Free Checking) or a Money Market Savings account with $1,500. One way I’ve heard to get around this is to first open a Free Checking account with $50 or $100 in deposits, then ask to open the CD (or come back the next day to open the CD). The CDs also have a minimum deposit of $10,000 and a maximum deposit of $250,000 per household. This deal is currently scheduled to last through September 13th.
National City has many branches throughout Chicagoland.
5.05% CD at National City Bank
In Sunday’s Chicago Tribune, National City was advertising a new CD special: A 5.05% APY CD for of 43 to 54 months. Like many of NatCity’s CD specials, this requires an existing checking or savings account or a new checking (except Free checking) or money market account with a $1,500 minimum initial deposit. The CD has a minimum of $10,000 and a maximum of $500,000.
National City has many branches throughout Chicagoland.
CDs up to 5.00% at National City Bank
National City Bank has a couple very good CDs out there right now: A 2-year CD earning 4.25% APY, and a 4-year CD earning 5.00% APY. Both CDs require you to have an existing National City personal checking or savings account (except CDs and IRAs), or open a new personal checking account (except Free Checking) or a Money Market Savings account with $1,500. If you don’t meet that requirement, the CDs drop by 0.25%. Both CDs have a minimum of $10,000. National City also has a 12-month CD earning 3.50% APY with no checking/savings requirements and a minimum of $2500. All the above rates are expected to last through April 26th.
National City Bank has many locations throughout Chicagoland.
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.)
Two good six-month money market deals
Two local banks are running money market deals where they are guaranteeing that the rate will remain the same for the first six months. The higher one is with First Choice Bank, which is offering 5.35% in their “Summertime Money Market” on all balances above $1000. This deal is available on new accounts and new money only. After six months, the account will revert to the prevailing rate, which is currently tiered from 1.51% to 4.00%, depending on the account balance. First Choice has three branches: One in Geneva, one in St. Charles, and one in Wheaton.
National City is also offering a good money market rate that’s guaranteed for six months: 5.25% APY. The offer is good for either customers with an existing National City personal checking account or by opening a new personal checking account (except Free Checking) with a minimum of $1,500. There is a minimum of $5000 required to earn the 5.25%. Like the First Choice deal, after six months the account will revert to the prevailing rate, which is currently tiered from 0.85% to 3.95%, depending on the account balance. There are numerous National City locations in the Chicago area; you can find one near you here.
