4.75% 3-year CD at First Bank of Highland Bank
First Bank of Highland Park has some nice midterm CDs: a 3-year CD earning 4.75%, and a 2-year CD earning 4.50% APY. Both these CDs have minimums of $5000.
First Bank of Highland Park has two locations: 1835 First Street in Highland Park and 633 Skokie Blvd., 3rd Floor, in Northbrook.
(Thanks to North Suburban Guy.)
5.25% 5-year CD at Cole Taylor Bank
Cole Taylor Bank has the highest CD rate we’ve seen in a few months, although it does require locking up your money for quite a while: Their 5-year CDs are earning 5.25% APY. This CD has a minimum of $10,000, and the rate sheet explicitly says that the CD must be new money to the bank and that no IRA CDs are allowed. Cole Taylor has some other nice CDs, also with the same minimum and same restrictions: an 11-month CD earning 4.00% APY, a 15-month CD earning 4.10% APY, a 2-year CD earning 4.50% APY, and a 3-year CD earning 4.75% APY.
Cole Taylor Bank has 10 locations, all in Chicagoland: Four in Chicago, two in Skokie, and one each in Burbank, Lombard, Rosemont, and Wheeling.
4.10% 7-month CD at Countrywide Bank
Countrywide Bank has a very good short-term CD available: a 4.10% 7-month CD. Like all Countrywide’s CDs, this CD has a minimum of $10,000 or a minimum of $2500 for an IRA CD. Countrywide has some other nice CDs available as well: Their 2-year CDs return 4.00% APY, and their 3-, 4- and 5-year CDs return 4.25% APY.
Countrywide has 14 financial centers in Chicagoland, located in Chicago, Crystal Lake, Elgin, Elmhurst, Glenview, Highland Park, Joliet, Libertyville, Naperville, Oak Lawn, Orland Park, Plainfield, Schaumburg, and Wheaton.
(Thanks to trinidon2k.)
4.75% 35-month CD at First DuPage Bank
First DuPage Bank has a nice CD advertised in yesterday’s Chicago Tribune: a 35-month CD returning 4.75% APY. This CD has a $5000 minimum and a maximum of $99,000.
First DuPage Bank has one location: 520 North Cass Avenue in Westmont.
4% short-term CDs at Midwest Bank
Midwest Bank has some competitive short-term CDs: Their 10-month and 16-month CDs are earning 4.00% APY. In addition, their 3-year CD is at 4.25% APY. All three CD terms require a minimum deposit of $10,000.
Midwest Bank has 28 branches throughout the Chicago area: four in Chicago and one each in Addison, Algonquin, Bensenville, Bloomingdale, Buffalo Grove, Des Plaines, Downers Grove, Elgin, Elmwood Park, Franklin Park, Glenview, Hinsdale, Inverness, Island Lake, Lakemoor, Lake Zurich, Long Grove, Melrose Park, Mt. Prospect, Naperville, Norridge, North Barrington, Roselle, and Union.
4.25% short-term CDs at WaMu
Washington Mutual has some very nice short-term CDs available: Their 8-month, 12-month and 13-month CDs are all earning 4.25% APY. These CDs all have a minimum of $1000.
WaMu has many branches throughout the Chicago area. You can find one near you here.
(Thanks to trinidon2k for mentioning this in our Finding Deals post.)
3% Checking and good CD rates at Wheatland Bank
Wheatland Bank has one of the best checking account rates we’ve seen recently: Their “Personal Checking with Interest” is currently paying 3.00% for balances over $2500. Below $2500, the interest goes to 0%. Wheatland also has a number of very competitive CDs:
- 3-month, 6-month, 1-year and 18-month CDs: 4.00% APY
- 2-year and 3-year CDs: 4.50% APY
- 4-year and 5-year CDs: 5.00% APY
The CDs also have a minimum deposit of $2500, and the CDs can be opened as IRA CDs and business CDs.
Wheatland Bank has one branch: 2244 95th Street in Naperville.
(Thanks to the reader who e-mailed me this deal.)
(Note: This is Chicago CD Rates’ 200th post — thanks for visiting us in the past year!)
4.15% 18-Month CD at Builders Bank
Builders Bank has a competitive 18-month CD available: 4.15% APY. The CDs have a minimum of a $2500 deposit, although the CDs are available as IRA CDs with just a $500 minimum. Builders Bank also has a 12-month CD available at 4.00% APY with the same minimum deposits.
Builders Bank has two branches, both on North LaSalle Street in Chicago.
4.25% 1-year CD at Wachovia
Wachovia has a very good rate on their 1-year CDs: 4.25% APY. They also have a 7-month CD that’s returning 4.00% APY. Both CDs have a minumum of $5000.
A large national bank, Wachovia has eight branches in Illinois: One each in Elmhurst, Evanston, Glenview, Huntley, Niles, Palatine, Schaumburg, and Westchester.
39-month 4.75% CD at Amcore Bank
Amcore Bank has a very nice midterm CD available: a 39-month CD (3 years plus 3 months) at 4.75% APY. The CD has a minimum deposit of $20,000 and a maximum of $1 million (though $1 million would be way beyond FDIC protection — more about FDIC protection later this week). They also have a good shorter term CD: a 19-month CD (1 year plus 7 months) that’s returning 4.00% APY with the same deposit requirements.
Amcore Bank has more than 75 locations throughout Illinois and Wisconsin. You can find one near you here.
