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% 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.
4.25% 10-to-13-month CD at Western Springs National Bank
Western Springs National Bank & Trust has the best short-term CD deal I’ve seen in a while: They are offering a return of 4.25% APY for 10-to-13-month CDs. The CDs have a minimum of $10,000, but no other restrictions are mentioned.
Western Springs National Bank has two branches: 4456 Wolf Road in Western Springs and 6575 Joliet Road in Countryside.
(Thanks to Bank Deals Blog.)
4.00% 1-year CD at Great Lakes Credit Union
Great Lakes Credit Union is opening a new branch in Spring Grove, and they have a Grand Opening Special CD: a 1-year CD that returns 4.00% APY. The CD has both a maximum and minimum of $10,000, or you can open a 1-year CD with a max/min of $5000 and earn 3.50% APY. Only one CD can be opened per unique social security number. The rate seems to be available today through July 11th.
Great Lakes Credit Union is a relatively open credit union — it’s open to anyone who lives or works in Lake County or McHenry County in Illinois or Kenosha County in Wisconsin, as well as retired military and reservists. This CD is only available at the new Spring Grove branch — 7777 Winn Road at Route 12.
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.)
1-year 5% IRA CD at South Division Credit Union
South Division Credit Union has a very nice short-term deal for those looking to rollover an IRA: Their one-year IRA rollover CD is earning 5.00% APY. This CD has a minimum deposit of $50,000, and because South Division CU is calling it a “rollover CD,” I would guess it is available only to new money to the credit union. South Division Credit Union also has decent rates on regular 6-month and 12-month CDs, both of which are earning 3.75% APY.
South Division CU has seven locations: Four in Chicago, two in Evergreen Park, and one in Midlothian. South Division Credit Union does not seem to list their field of membership on their webpage — contact them for more information.
