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!)
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.
CDs up to 4.50% at Countrywide Bank
We wrote about this last month, but we just wanted to mention it again — Countrywide Bank has some very good rates at terms up to 5 years:
- 6-month CD at 3.75% APY
- 1-year CD at 4.10% 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.
CDs up to 4.00% at Evergreen Private Bank
Evergreen Private Bank has a number of CDs that are earning some very competitive rates, topping out at 4.00%:
- 5-month CD: 3.60% APY
- 12-month CD: 3.70% APY
- 15-month CD: 3.80% APY
- 24-month CD: 3.90% APY
- 36-month CD: 4.00% APY
These CDs all have $10,000 minimums. Through Evergreen Private Bank’s CDARS Program, they can provide FDIC insurance for Certificates of Deposit for up to $50 million. Some of the CDs are also available with a $1000 minimum, but those that are available return .30% less.
Evergreen Private Bank has one location: 1515 West 22nd Street, Suite 100W in Oak Brook — right next to Oakbrook Mall.
5-month, 5.00% CD at Xceed Financial Credit Union
Rates in the CD world are starting to level off a bit, and some of the mid-term and even short-term CD rates are starting to come back to 4 percent and higher. But I think this is the first short-term 5 percent CD I’ve seen since early in the year: Xceed Financial Credit Union (formerly Xerox Federal Credit Union) is offering a 5-month, 5.00% APY CD. The CD has a minimum opening deposit of $500, but, unfortunately, also has a maximum opening deposit of $25,000. It is not available as an IRA CD.
Xceed Financial Credit Union is open to anyone who lives in Bensenville, Elk Grove Village, Rosemont, or “greater O’Hare.” (They don’t really define “greater O’Hare” on their website, so if you’re relatively close you might call and see if you’re eligible.) It is also open to anyone who works for Xerox or OfficeMax. They have one location in the Chicago area: 263 Shuman Blvd., Suite 1W500 in Naperville.
(Thanks to the anonymous reader who e-mailed me this deal.)
6-month 3.65% CD at Corus Bank
Given the continuing dropping of short-term CD rates, Corus Bank has a pretty good 6-month CD: 3.65% APY. Corus also has a 1-year CD earning 3.50% APY. Both CDs have $10,000 minimums.
Corus Bank has 11 branches, all in the Chicago area: Six in the city of Chicago, two in Calumet City, and one each in Niles, River Forest, and Wheeling.
4-month, 3.75% CD at St. Charles Bank & Trust
St. Charles Bank & Trust has a good CD for investors looking for the very short term: a 4-month CD earning 3.75% APY. The minimum deposit is $5000. St. Charles B&T also has a 5-year CD earning 3.60% APY and a 4-year CD earning 3.40% APY, both with a $1000 minimum deposit.
St. Charles Bank & Trust has two locations: one in St. Charles and one in Geneva.
3.75% short-term CDs at Builders Bank
Builders Bank has two nice short-term CDs, both earning 3.75% APY: a 3-month CD and a 6-month CD. These CDs have a minimum of $2500, and they can also be opened as IRA CDs with a $500 minimum. Builders Bank also has 9-month, 11-month, and 12-month CDs available that are earning 3.50% APY with the same minimums. The rates are effective through April 3rd.
Builders Bank has two branches, both on North LaSalle Street in Chicago.
Rates up to 5.10% at Credit Union 1
I’ve written about this before recently, but Credit Union 1 still has some shockingly high CD rates in today’s dropping-rate market:
- 6 months: 4.40% APY
- 12 months: 4.45% APY
- 18 months: 4.475% APY
- 24 months: 4.50% APY
- 30 months: 4.60% APY
- 36 months: 5.00% APY
- 48 months: 5.05% APY
- 60 months: 5.10% 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 IRA CD.
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. 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.
