[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.]
4.80% 7-month CD at Pan American Bank
Pan American Bank has a really fantastic short-term CD: Their 7-month CD is yielding 4.80% APY. This deal doesn’t seem to be mentioned on their website, but you can see a discussion of it at Bank Deals Blog, which states that the CD has a minimum of $500. The CD must be purchased in-branch.
Pan American Bank has three branches: two in Chicago at 2627 West Cermak and 6232 North Pulaski, and one at 2801 St. Charles Rd. in Bellwood.
(Big thanks to trinidon2k for mentioning this in the Finding Banking Deals comments.)
CDs up to 4.25% at Pan American Bank
Pan American Bank has a number of good-to-very-good CDs available right now:
- 5-year CDs earning 4.25% APY
- 2-year, 3-year, and 4-year CDs earning 3.80% APY
- 1-year CDs earning 3.50% APY
These CDs all have quite low minimums — only $500. Pan American also has a Statement Savings Account earning a decent 3.00% APY, although that account has a minimum of $5000.
Their website has some broken links, including the “About Us” page, but it seems as though they have two branches, both in Chicago: at 2627 West Cermak and 6232 North Pulaski.
