[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.]
5.00% Coverdell ESA Savings Account at Selfreliance Ukranian American FCU
Selfreliance Ukranian American Federal Credit Union has easily the best Coverdell ESA (Educational Savings Account) rate I’ve seen recently: Their Coverdell ESA savings account is currently yielding 5.00% APY. Since it is a savings account, the rate can be changed at any time — a downside to not having it as a CD — but on the plus side, the money can be used for educational purposes at any time, and Selfreliance seems to have kept the 5.00% APY Coverdell ESA rate for over a year now.
Selfreliance Ukranian American Federal Credit Union is open to members of Selfreliance Association of American Ukrainians, which accepts as members individuals of Ukrainian descent, by birth or marriage; and members of Ukrainian parishes, religious communities or other Ukrainian community organizations. Selfreliance Ukranian American FCU has nine locations, six of which are in the Chicago area: Two in Chicago, and one each in Bloomingdale, Palatine, Palos Park, and Munster, Indiana. Many of the branches have unusual hours of operations, so check online or call before visiting.
CD Rates up to 4.00% at Alliant Credit Union
Alliant Credit Union has a number of competitive CDs available:
- 12-23 months: 3.15% APY
- 24-35 months: 3.30% APY
- 36-47 months: 3.75% APY
- 48-60 months: 4.00% APY
These CDs all have a minimum deposit of $25,000, although they are available with a $1000 minimum with a 0.15% reduction in APY. These CDs are all available as Traditional IRAs, Roth IRAs, SEP IRAs, and Coverdell ESAs. Alliant CU also has a very competitive savings account that’s yielding 3.00% and a checking account that’s also yielding 2.75% (with some restrictions).
Alliant Credit Union is a relatively open credit union with quite a few ways to join. Anyone who lives in Arlington Heights, Bensenville, Des Plaines, Elk Grove, Elmhurst, Franklin Park, Harwood Heights, Itasca, Mt. Prospect, Northlake, Niles, Norridge, Park Ridge, Prospect Heights, River Grove, Rolling Meadows, Rosemont, Schiller Park, and Wood Dale is eligible. In addition, anyone who works on O’Hare Airport property, works for United Airlines or its business affiliates, is a member of Life Time Fitness, or who is a member of the National PTA is able to join Alliant. If you don’t meet any of these criteria, you can join the National PTA for $25.
Alliant Credit Union has 10 locations, three of which are in Chicagoland: One in Des Plaines, one in Elk Grove Township, and one in O’Hare Airport.
CDs up to 3.20% at Prospect Federal Bank
Prospect Federal Bank has a couple decent CDs available: Their 30-month CD is yielding 3.20% APY, their 18-month CD is yielding 2.90% APY. Both these CDs have a $5000 minimum. In addition, their High Rate Eagle Money Market is yielding 2.60% APY with a $25,000 minimum.
Prospect Federal Bank has three locations, all in Illinois: One each in Chicago, Oak Lawn, and Worth.
CDs up to 4.25% at Alliant Credit Union
Alliant Credit Union has a number of competitive CDs available:
- 12-23 months: 3.40% APY
- 24-35 months: 3.55% APY
- 36-47 months: 4.00% APY
- 48-60 months: 4.25% APY
These CDs all have a minimum deposit of $25,000, although they are available with a $1000 minimum with a 0.15% reduction in APY. These CDs are all available as Traditional IRAs, Roth IRAs, SEP IRAs, and Coverdell ESAs. Alliant CU also has a very competitive savings account that’s yielding 3.00% and a checking account that’s also yielding 3.00% (with some restrictions).
Alliant Credit Union is a relatively open credit union with quite a few ways to join. Anyone who lives in Arlington Heights, Bensenville, Des Plaines, Elk Grove, Elmhurst, Franklin Park, Harwood Heights, Itasca, Mt. Prospect, Northlake, Niles, Norridge, Park Ridge, Prospect Heights, River Grove, Rolling Meadows, Rosemont, Schiller Park, and Wood Dale is eligible. In addition, anyone who works on O’Hare Airport property, works for United Airlines or its business affiliates, is a member of Life Time Fitness, or who is a member of the National PTA is able to join Alliant. If you don’t meet any of these criteria, you can join the National PTA for $25.
Alliant Credit Union has 10 locations, three of which are in Chicagoland: One in Des Plaines, one in Elk Grove Township, and one in O’Hare Airport.
CDs up to 3.55% at Omni National Bank
Omni National Bank has a number of very good CD rates:
- 10-month CD: 3.10% APY
- 15-month CD: 3.25% APY
- 24-month CD: 3.00% APY
- 27-month CD: 3.55% APY
- 4-year CD: 3.40% APY
- 5-year CD: 3.50% APY
All of these CDs have a $5000 minimum. Also, Omni National Bank’s Platinum Money Market is yielding 3.20% APY for balances over $25,000, 3.30% APY for balances over $50,000, and 3.35% APY for balances over $100,000.
Omni National Bank has ten locations, one of which is in the Chicago area: 55 W. Van Buren Street in Chicago.
CDs up to 3.59% at Prospect Federal Bank
Prospect Federal Bank has a couple competitive CDsin the current falling-rate environment. Their 30-month CD is yielding 3.65% APY, their 18-month CD is yielding 3.25% APY, and their 7-month CD is yielding 3.00% APY. All three of these CDs have a $5000 minimum. In addition, their High Rate Eagle Money Market is yielding 2.75% APY with a $25,000 minimum.
Prospect Federal Bank has three locations, all in Illinois: One each in Chicago, Oak Lawn, and Worth.
(Thanks to the reader who e-mailed me this deal.)
3.51% APY for $100K+ at Valley Community Bank
With rates falling as far as they have, Valley Community Bank has a surprisingly high savings account rate still available: Their statement savings account is earning 3.51% APY. Unfortunately, you must have over $100,000 in savings to receive this rate. Amounts less than that earn a meager 0.25% APY. Valley Community Bank also has a couple decent CD rates out there: a 9-month CD yielding 2.75% APY and a 17-month CD yielding 3.25% APY. Both the CDs have a $1000 minimum and $99,000 maximum.
Valley Community Bank has six locations: three in St. Charles and one each in Batavia, Geneva, and North Aurora.
CDs up to 4.50% at Alliant Credit Union
Alliant Credit Union has a number of very nice CD rates available:
- 12-23 months: 3.65% APY
- 24-35 months: 3.80% APY
- 36-47 months: 4.25% APY
- 48-60 months: 4.50% APY
These CDs all have a $25,000 minimum; however, you can get the CDs with a $1000 minimum, but with a 0.15% drop in APY. These CDs are all available as Traditional IRAs, Roth IRAs, SEP IRAs, and Coverdell ESAs. Alliant CU also has a very competitive savings account that’s yielding 3.25% and a checking account that yields 3.00% (with some restrictions).
Alliant Credit Union is a relatively open credit union with quite a few ways to join. Anyone who lives in Arlington Heights, Bensenville, Des Plaines, Elk Grove, Elmhurst, Franklin Park, Harwood Heights, Itasca, Mt. Prospect, Northlake, Niles, Norridge, Park Ridge, Prospect Heights, River Grove, Rolling Meadows, Rosemont, Schiller Park, and Wood Dale is eligible. In addition, anyone who works on O’Hare Airport property, works for United Airlines or its business affiliates, is a member of Life Time Fitness, or who is a member of the National PTA is able to join Alliant. If you don’t meet any of these criteria, you can join the National PTA for $25.
Alliant Credit Union has 10 locations, three of which are in Chicagoland: One in Des Plaines, one in Elk Grove Township, and one in O’Hare Airport.
19-month, 4.00% CD at Foster Bank
Foster Bank has a competitive mid-length CD available — their 19-month CDs are yielding 4.00% APY. These CDs only have a minimum deposit of $1000, which is nice. The money deposited must be new money to Foster Bank; specifically, not deposited in Foster Bank in the last 90 days. Foster Bank also has an savings account for minors called the Smart Savers account that’s currently earning an APY of 4.00% with a minimum deposit of $10.
Foster Bank has seven locations, all in Chicagoland: two in Chicago, two in Niles, and one each in Lincolnshire, Arlington Heights, and Naperville.
(Thanks to reader Nancy who e-mailed us this deal.)
3.75% money market at Suburban Bank & Trust
Suburban Bank & Trust has an attractive money market rate that’s guaranteed through June 1st of next year: 3.50% APY. Even better, if you have or open a checking account with Suburban Bank & Trust, or if if you have or open a consumer loan, the guaranteed rate goes up to 3.75% APY. You can open the account anytime before the end of 2008, but the end date for the guaranteed rate remains 6/1/09. This deal does not seem to be listed on their website, but you can see an ad for it here.
Suburban Bank & Trust has 13 locations: four in Elmhurst, and one each in Chicago, Glen Ellyn, Lemont, Markham, New Lenox, Oak Lawn, Orland Park, Wheaton, and Wood Dale.
4.00% Savings Account at Valley Community Bank
Valley Community Bank has the best local non-promo savings account I’ve seen recently. Their statement savings account is earning 4.00% APY. Unfortunately, you must have over $100,000 in savings to receive this rate; amounts less than that earn only 0.25% APY.
Valley Community Bank has six locations: three in St. Charles and one each in Batavia, Geneva, and North Aurora.
CDs up to 5% at Wheatland Bank
(Sorry about the lack of posts recently — I’ve been away from Internet access for the past couple weeks.)
Wheatland Bank has a number of good and very good CD rates:
- 3-month and 6-month CDs: 4.00% APY
- 12-month, 18-month, and 24-month CDs: 4.50% APY
- 3-year, 4-year, and 5-year CDs: 5.00% APY
All these CDs have a minimum of $2500, and all of them are available as IRA CDs. Wheatland also has some a very nice money market rate (3.50% APY above $2500) and checking account rate (3.00% APY above $2500).
Wheatland Bank has one location: 2244 95th Street in Naperville.
(Thanks to the reader who e-mailed me this deal.)
