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.
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.
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 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.
4.25% 5-year CD at Liberty Bank for Savings
Liberty Bank for Savings has a pretty good 5-year CD available: 4.25% APY. This CD requires a minimum of $2500 to open. Unfortunately, the APY goes down a full percent if the CD is opened as an IRA CD.
Liberty Bank has five locations: Three in Chicago, one in Lincolnwood, and one in Park Ridge.
Checking Account Bonus up to $100 North Shore Trust and Savings
North Shore Trust and Savings is offering up to $100 bonus for opening a checking account with them. There’s a $50 bonus simply for opening their free or premium checking account with a debit card, an additional $25 if you set up direct deposit or a recurring payment with them, and other $25 if you sign up for online bill pay. There is a $25 fee if the checking account is closed in the first 90 days. This deal doesn’t seem to be listed on their website, but they do have an ad for it listed here. The ad says that the offer is as of June 1st, but the ad was put in the paper on June 5th, so it’s likely still going on.
North Shore Trust and Savings has three locations: Two in Waukegan and one in Lindenhurst.
