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.)
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.
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!)
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.
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.
4.25% 35-month CD at Illinois State Bank
Illinois State Bank has a nice mid-term CD available: a 35-month CD that earns 4.25% APY. They also have a 15-month CD available that’s earning 3.75% APY. These CDs don’t seem to be listed on their website, but according to their recent ad, the rates should be available through July 8th. The CDs have a $5000 minimum, and money must be new to Illinois State Bank.
Most of the 43 branches of Illinois State Bank are in Wisconsin (apparently called North Shore Bank up there), but there are two in Illinois’ McHenry County: one at 1301 Pyott Road in Lake in the Hills, and one at 1689 N. Curran Road in McHenry.
CDs up to 4.96% at Discover Bank
Discover Bank (i.e. the bank wing of Discover Card) doesn’t have any local branches — their one and only branch is in Delaware — but since they’re headquarted in Riverwoods, I thought I’d mention their CD rates, which are pretty competitive across terms:
- 1-year CDs: 3.76% APY
- 18-month CDs: 4.02% APY
- 2-year CDs: 4.23% APY
- 30-month CDs: 4.34% APY
- 3-year CDs: 4.44% APY
- 4-year CDs: 4.70% APY
- 5-year CDs: 4.96% APY
The CDs have a minimum of $2500. They can be opened online at discoverbank.com or by calling 800-347-7000.
(Thanks to the reader who e-mailed this to me.)
CDs still up to 4.5% at Countrywide Bank
We’ve mentioned this the past couple months, but since it’s available, and it’s of the best deals available to everyone in Chicagoland, we’ll mention it again:
Countrywide Bank has some very good rates at terms up to 5 years:
- 6-month CD at 3.65% APY
- 1-year CD at 3.95% APY
- 2-year CD at 4.25% APY
- 3-, 4-, and 5-year CDs at 4.50% APY
These CDs all have $10,000 minimums and can be opened either online or at a Countrywide Financial Center. The CDs are also available as IRA CDs with a $2500 minimum.
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.
Rates up to 4.75% at Credit Union 1
Credit Union 1 has a number of good to very good CD rates available:
- 6 months: 3.85% APY
- 12 months: 3.90% APY
- 18 months: 3.925% APY
- 24 months: 3.95% APY
- 30 months: 4.00% APY
- 36 months: 4.35% APY
- 48 months: 4.60% APY
- 60 months: 4.75% APY
Those CDs have a $10,000 minimum, but you can also get them with a $1000 minimum if you’re willing to take 10 basis points off those rates. Even better, however, is that you can add 10 basis points to those rates if you get the CD as an Traditional IRA CD, Roth IRA CD, or Coverdell ESA.
Credit Union 1 is privately insured by American Share Insurance rather than publicly through the FDIC or NCUA, which means that the union’s assets aren’t backed by the U.S. Government — although it also means that the assets are insured for $250,000 rather than $100,000.
Credit Union 1 is a relatively open credit union, with many different groups eligible for membership: active and retired military, and employees at the state of Illinois, Cook County, University of Illinois at Chicago, Eastern Illinois University, Mitsubishi Motor Manufacturing of America, AON and Chicago Tribune, as well as 750 additional companies.
Credit Union 1 has 19 locations, 11 of which are in Chicagoland: Seven in Chicago, and one each in Evergreen Park, Libertyville, Lombard and Northlake.
