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[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.]
Mid-term CDs up to 1.50% at Ridgestone Bank
Ridgestone Bank is offering two CDs at decent rates: a 13-month CD that’s yielding 1.25% APY, and a 20-month CD that has a 1.50% APY return. The CDs have a minimum deposit of $20,000 and a maximum deposit of $95,000. If you open the CD for an amount greater that $95,000, the rates are dropped to 1.15% APY and 1.40% APY respectively.
Ridgestone Bank has two branches, one of which is in Illinois: 10 N. Martingale Road, Suite 100, in Schaumburg.
4-month, 3.50% CD at Ridgestone Bank
Ridgestone Bank is offering a competitive short-term CD: a 4-month CD that’s yielding 3.50% APY. This CD has a minimum deposit of $40,000. This rate doesn’t seem to be listed on Ridgestone’s website, but there was an ad for it in Sunday’s Chicago Tribune (11/30, sec. 4, p. 2).
Ridgestone Bank has two branches, one of which is in Illinois: 10 N. Martingale Road, Suite 100, in Schaumburg.
4.00% 4-month CD at Ridgestone Bank
Ridgestone Bank has a high very-short-term CD available: Their 4-month CD is yielding 4.00% APY. The minimum deposit actually changes depending on what branch you open the CD at: The Brookfield (Wisconsin) branch has a minimum of $20,000 on this CD, while the Schaumburg branch has a minimum of $40,000. Both of which require the deposit to be new money to Ridgestone Bank.
Ridgestone Bank has two locations: 10 Martingale Rd., Suite 100 in Schaumburg, and 13925 W. North Ave. in Brookfield, WI (near Milwaukee).
