Weekly Update for February 11th, 2008
Below is a list of the deals previously mentioned on Chicago CD Rates that are still available as of today (2/11/08) as well as the dates they were first mentioned on this website. Even if CD rates fall from when we initially mentioned the deal, the CD rate will remain on the list as long as it remains 4.50% or higher.
Credit unions still rule the rates right now, and they’ll probably continue to for the short-term future. Very generally, because credit unions are slower to change their deposit rates, credit unions have higher-rate CDs in a falling-rate environment, and banks have higher-rate CDs in a raising-rate environment.
CDs (sorted by term):
- 6-month, 5.00% CD at Credit Union 1 (2/4)
- 6-month, 4.68% CD at Chicago Municipal Employees CU (2/4)
- 7-month, 4.50% CD at American Eagle Bank of Chicago (1/31)
- 8-month, 4.65% CD at BCU (2/6)
- 11-month, 5.45% CD at Bell General CU (12/5)
- 12-month, 7.00% CD at Patelco Credit Union ($1000 max) (1/15)
- 12-month, 5.00% at Bell General Credit Union (1/31)
- 12-month, 5.00% CD at Credit Union 1 (2/4)
- 12-month, 4.89% CD at Chicago Municipal Employees CU (2/4)
- 12-month, 4.58% CD at Molex Credit Union (11/14; was 5.51%)
- 12-month, 5.12% CD at Chicago Patrolmen’s CU (5.31% for IRAs/ESAs) (1/7)
- 12-to-17-month, 4.90% CD at Alliant Credit Union (1/8; was 5.40% up to 24 mo.)
- 18-month, 5.00% CD at Credit Union 1 (2/4)
- 24-month, 5.23% CD at Chicago Patrolmen’s CU (1/7)
- 24-month, 5.04% CD at Chicago Municipal Employees CU (2/4)
- 24-month, 5.00% at Bell General Credit Union (1/31)
- 24-month, 5.00% CD at Credit Union 1 (2/4)
- 36-month, 5.28% CD at Chicago Patrolmen’s CU (1/7)
- 36-month, 5.20% CD at Chicago Municipal Employees CU (2/4)
- 36- and 48-month, 5.00% CDs at Bell General Credit Union (1/31)
- 36- and 48-month, 5.00% CDs at Credit Union 1 (2/4)
- 48-month, 4.52% CD at AA Credit Union (1/28; was 5.09%)
- 60-month, 4.84% CD at AA Credit Union (1/28; was 5.09%)
- 60-to-84-month, 4.55% CD at Navy Federal Credit Union (1/23; was 5.05%)
Money Market/Savings:
- 8.00% savings account for minors at Patelco CU ($1000 max) (1/15)
- 4.75% Savingslink savings account at Countrywide Bank (2/4)
- $100 bonus for opening LaSalle Bank checking and savings accounts (11/13)
Checking Accounts:
- 5.09% checking account at Consumers Credit Union (11/20; was 6.01%)
- 4.60% checking account at American Eagle Bank of Chicago (1/31)
- $100 bonus for opening LaSalle Bank checking and savings accounts (11/13)
Weekly update for Feburary 4th, 2008
Below is a list of the deals previously mentioned on Chicago CD Rates that are still available as of today (2/4/08) as well as the dates they were first mentioned on this website. Even if CD rates fall from when we initially mentioned the deal, the CD rate will remain on the list as long as it remains 4.50% or higher.
CDs (sorted by term):
- 3-month, 5.00% CD at Countrywide Bank (1/31; was 5.05%)
- 7-month, 4.50% CD at American Eagle Bank of Chicago (1/31)
- 11-month, 5.45% CD at Bell General CU (12/5)
- 12-month, 7.00% CD at Patelco Credit Union ($1000 max) (1/15)
- 12-month, 5.00% at Bell General Credit Union (1/31)
- 12-month, 4.58% CD at Molex Credit Union (11/14; was 5.51%)
- 12-month, 5.12% CD at Chicago Patrolmen’s CU (5.31% for IRAs/ESAs) (1/7)
- 12-to-17-month, 4.90% CD at Alliant Credit Union (1/8; was 5.40% up to 24 mo.)
- 24-month, 5.23% CD at Chicago Patrolmen’s CU (1/7)
- 24-month, 5.00% at Bell General Credit Union (1/31)
- 36-month, 5.28% CD at Chicago Patrolmen’s CU (1/7)
- 36- and 48-month, 5.00% CDs at Bell General Credit Union (1/31)
- 48-month, 4.52% CD at AA Credit Union (1/28; was 5.09%)
- 60-month, 4.84% CD at AA Credit Union (1/28; was 5.09%)
- 60-month, 4.50% CD at Sherwin Williams Credit Union (1/22; was 5.05%)
- 60-to-84-month, 4.80% CD at Navy Federal Credit Union (1/23; was 5.05%)
Money Market/Savings:
- 4.50% money market at Corus Bank ($10k min.) (1/14; was 5.10%)
- 8.00% savings account for minors at Patelco CU ($1000 max) (1/15)
- $100 bonus for opening LaSalle Bank checking and savings accounts (11/13)
Checking Accounts:
- 5.09% checking account at Consumers Credit Union (11/20; was 6.01%)
- 4.60% checking account at American Eagle Bank of Chicago (1/31)
- $100 bonus for opening LaSalle Bank checking and savings accounts (11/13)
Weekly update for January 28th, 2008
Below is a list of the deals previously mentioned on Chicago CD Rates that are still available as of today (1/28/08), as well as the dates they were first mentioned on this website. Previously we would continue listing CD rates even if they had been lowered, as long as they remained above 5.00%, but because of the rate cut, we’re showing all CD rates 4.50% or higher.
Obviously, the bottom has fallen out of many local CD rates, particularly those of banks and large credit unions. As usual, however, the smaller credit unions are slower to make changes, so there’s still some CDs and money markets above 5% at Bell General Credit Union, Chicago Patrolmen’s Credit Union, Selfreliance Ukranian American Federal Credit Union, and MECU. As the week goes on, I’ll try to focus on some other smaller credit unions in the Chicago area that may have not yet dropped their rates.
CDs (sorted by term):
- 5-month, 4.50% CD at Evergreen Private Bank (1/12; was 5.35%)
- 6-month, 4.70% CD at Corus Bank (1/14; was 5.31%)
- 11-month, 5.45% CD at Bell General CU (12/5)
- 12-month, 7.00% CD at Patelco Credit Union ($1000 max) (1/15)
- 12-month, 4.58% CD at Molex Credit Union (11/14; was 5.51%)
- 12-month, 4.50% CD at Evergreen Private Bank (1/12; was 5.20%)
- 12-month, 5.12% CD at Chicago Patrolmen’s CU (5.31% for IRAs/ESAs) (1/7)
- 12-to-17-month, 4.90% CD at Alliant Credit Union (1/8; was 5.40% up to 24 mo.)
- 24-month, 5.23% CD at Chicago Patrolmen’s CU (1/7)
- 36-month, 5.28% CD at Chicago Patrolmen’s CU (1/7)
- 60-month, 4.50% CD at Sherwin Williams Credit Union (1/22; was 5.05%)
- 60-to-84-month, 4.80% CD at Navy Federal Credit Union (1/23; was 5.05%)
Money Market/Savings:
- 5.25% money market at Selfreliance Ukranian American FCU ($25k min.) (1/14)
- 5.23% money market at MECU ($100k min.) (11/27; was 5.38%)
- 5.00% money market at Corus Bank ($10k min.) (1/14; was 5.10%)
- 8.00% savings account for minors at Patelco CU ($1000 max) (1/15)
- $100 bonus for opening LaSalle Bank checking and savings accounts (11/13)
Checking Accounts:
- 6.01% checking account at Consumers Credit Union (11/20)
- $100 bonus for opening LaSalle Bank checking and savings accounts (11/13)
Weekly update for January 21th, 2008
Below is a list of the deals previously mentioned on Chicago CD Rates that are still available as of today (1/21/08), as well as the dates they were first mentioned on this website. Even if they have been lowered, CD rates will be mentioned as long as they remain above 5.00%.
CDs (sorted by term):
- 5-month, 5.35% CD at Evergreen Private Bank (1/12)
- 5-month, 5.08% CD at NorStates Bank (1/3)
- 5-month, 5.01% CD at Wachovia Bank (1/17; was 5.05%)
- 6-month, 5.15% CD at Corus Bank (1/14; was 5.31%)
- 11-month, 5.45% CD at Bell General CU (12/5)
- 12-month, 7.00% CD at Patelco Credit Union ($1000 max) (1/15)
- 12-month, 5.51% CD at Molex Credit Union (11/14)
- 12-month, 5.20% CD at Evergreen Private Bank (1/12)
- 12-month, 5.12% CD at Chicago Patrolmen’s CU (5.31% for IRAs/ESAs) (1/7)
- 12-to-24-month, 5.40% CD at Alliant Credit Union (1/8)
- 15-month, 5.10% CD at Evergreen Private Bank (1/12)
- 24-month, 5.23% CD at Chicago Patrolmen’s CU (1/7)
- 24-month, 5.10% CD at Church of the Brethren Credit Union (1/3)
- 36-month, 5.28% CD at Chicago Patrolmen’s CU (1/7)
- 48-month, 5.25% CD at National City Bank and MidAmerica Bank (1/8)
Money Market/Savings:
- 5.25% money market at Selfreliance Ukranian American FCU ($25k min.) (1/14)
- 5.23% money market at MECU ($100k min.) (11/27; was 5.38%)
- 5.10% money market at Corus Bank ($10k min.) (1/14)
- 8.00% savings account for minors at Patelco CU ($1000 max) (1/15)
- $100 bonus for opening LaSalle Bank checking and savings accounts (11/13)
Checking Accounts:
- 6.01% checking account at Consumers Credit Union (11/20)
- $100 bonus for opening LaSalle Bank checking and savings accounts (11/13)
Weekly update for January 13th, 2008
Below is a list of the deals previously mentioned on Chicago CD Rates that are still available as of today (1/13/08), as well as the dates they were first mentioned on this website.
CDs (sorted by term):
- 3-month, 5.25% CD at Countrywide Bank (12/12; was 5.50%)
- 5-month, 5.35% CD at Evergreen Private Bank (1/12)
- 5-month, 5.08% CD at NorStates Bank (1/3)
- 6-month, 5.25% CD at Countrywide Bank (12/17; was 5.50%)
- 7-month, 5.67% CD at Corporate America Family CU ($2k max) (12/18)
- 11-month, 5.45% CD at Bell General CU (12/5)
- 12-month, 5.51% CD at Molex Credit Union (11/14)
- 12-month, 5.20% CD at Evergreen Private Bank (1/12)
- 12-month, 5.12% CD at Chicago Patrolmen’s CU (higher for IRAs/ESAs) (1/7)
- 12-to-24-month, 5.40% CD at Alliant Credit Union (1/8)
- 15-month, 5.10% CD at Evergreen Private Bank (1/12)
- 24-month, 5.23% CD at Chicago Patrolmen’s CU (1/7)
- 24-month, 5.10% CD at Church of the Brethren Credit Union (1/3)
- 36-month, 5.28% CD at Chicago Patrolmen’s CU (1/7)
- 48-month, 5.25% CD at National City Bank and MidAmerica Bank (1/8)
- 60-month, 5.25% CD at Broadway Bank (1/9)
Money Market/Savings:
- 5.23% Money Market at MECU (11/27; was 5.38%)
- $100 Bonus for Opening LaSalle Checking and Savings Account (11/13)
Checking Accounts:
- 6.01% Checking at Consumers CU (11/20)
- $100 Bonus for Opening LaSalle Checking and Savings Account (11/13)
Weekly Update for January 6th, 2008
Below is a list of the deals previously mentioned on Chicago CD Rates that are still available as of today (1/6/08), as well as the dates they were first mentioned on this website.
CDs (sorted by term):
- 3-month, 5.45% CD at Countrywide Bank (12/12; was 5.50%)
- 5-month, 5.08% CD at NorStates Bank (1/3)
- 6-month, 5.45% CD at Countrywide Bank (12/17; was 5.50%)
- 6-month, 5.10% CD at Corus Bank (1/2)
- 7-month, 5.67% CD at Corporate America Family CU ($2k max) (12/18)
- 11-month, 5.45% CD at Bell General CU (12/5)
- 12-month, 5.51% CD at Molex Credit Union (11/14)
- 12-month, 5.10% CD at Corus Bank (1/2)
- 24-month, 5.25% CDs at Planites CU (12/4)
- 24-month, 5.10% CD at Church of the Brethren Credit Union (1/3)
- 60-month, 5.25% CD at Access Credit Union (12/3)
Money Market/Savings:
- 5.23% Money Market at MECU (11/27; was 5.38%)
- $100 Bonus for Opening LaSalle Checking and Savings Account (11/13)
Checking Accounts:
- 6.01% Checking at Consumers CU (11/20)
- $100 Bonus for Opening LaSalle Checking and Savings Account (11/13)
Weekly Update for December 17th, 2007
Below is a list of the deals previously mentioned on Chicago CD Rates that are still available as of December 17th.
CDs (sorted by term):
- 3-month, 5.50% CD at Countrywide Bank (12/12)
- 5-month, 5.28% CD at NorStates Bank (12/10)
- 9-month, 5.50% CD at Patelco Credit Union (11/13)
- 11-month, 5.45% CD at Bell General CU (12/5)
- 12-month, 5.51% CD at Molex Credit Union (11/14)
- 12-month, 5.25% “Kids Certificate” CD at BCU (12/3)
- 18-month, 5.25% CD at First Financial Credit Union (11/21)
- 24-month, 5.25% CDs at Planites CU (12/4)
- 25-month, 5.25% CD at a Wisconsin Credit Union (12/6)
- 36-month, 5.55% at First Northern Credit Union (12/11)
- 60-month, 5.61% CD at AA Credit Union (11/8)
- 60-month, 5.25% CD at Access Credit Union (12/3)
Money Market/Savings:
- 5.38% Money Market at MECU (11/27)
- $100 Bonus for Opening LaSalle Checking and Savings Account (11/13)
Checking Accounts:
- 6.01% Checking at Consumers CU (11/20)
- $100 Bonus for Opening LaSalle Checking and Savings Account (11/13)
Weekly Update for December 10th, 2007
We’ve decided to go to a new style for our weekly updates at ChicagoCDRates.com — we’ll try it out and see how you like it. What we’re going to do is, weekly, post a list of the deals we’ve discussed in the past few weeks that are still available. This will still let you know what the best CD/Money Market/Savings Account/Checking Account deals are out there in the Chicago area, but it’s a little less time consuming for me than the old method.
CDs (sorted by term):
- 9-month, 5.50% CD at Patelco Credit Union (11/13)
- 11-month, 5.45% CD at Bell General CU (12/5)
- 12-month, 5.51% CD at Molex Credit Union (11/14)
- 12-month, 5.25% “Kids Certificate” CD at BCU (12/3)
- 18-month, 5.25% CD at First Financial Credit Union (11/21)
- 18-month, 5.20% CD at Wisconsin Credit Union (12/7)
- 24-month, 5.25% CDs at Planites CU (12/4)
- 25-month, 5.25% CD at a Wisconsin Credit Union (12/6)
- 60-month, 5.61% CD at AA Credit Union(11/8)
- 60-month, 5.25% CD at Access Credit Union (12/3)
Money Market/Savings:
- 5.38% Money Market at MECU (11/27)
- $100 Bonus for Opening LaSalle Checking and Savings Account (11/13)
Checking Accounts:
- 6.01% Checking at Consumers CU (11/20)
- $100 Bonus for Opening LaSalle Checking and Savings Account (11/13)
Chicago-Area CD Rates for September 11, 2007
Every Tuesday, Chicago CD Rates gives a rundown of the highest CD rates and money market rates for all national or local banks that have a branch in the Chicago, Illinois area, including Cook County, Lake County, DuPage County, Will County, Kane County, Kendall County, and McHenry County. Minimums on CDs will only be mentioned if they exceed $1000. Rates may change at any time.
The changes from two weeks ago: AmeriMark Bank got rid of its 7-12 month 5.00% CD, but replaced it with a potentially even better 5.35% 6-month CD. As I’ll talk about more later this week, Beverly Bank has a new 36-to-47-month CD at 5.50% APY, making it the new leader in that category. Burling Bank’s 36-month, 5.09% APY CD has dropped to 4.83%. All of Cole Taylor Bank’s CDs from 11 months to 35 months dropped .05%. Community Bank of Elmhurst dropped their 12-month CD from 5.20% to 5.09%. First Eagle Bank dropped their 12-month CD from 5.25% APY to 5.00%. And First Indiana Bank’s 11 months, 5.00% APY CD has dropped to 4.80%.
Due to overcrowding in the 3-to-8-month and 12-to-17-month categories, we’re raising the bar to make the list for those groups to 5.15% and 5.25% respectively.
3- to 8-Month CDs:
- Countrywide Bank (6 months, 5.55% APY, $10K min.; 5.50% at 3 months)
- American Eagle Bank (6 months, 5.50% APY, Chicago branch only)
- STC Capital Bank (3 months, 5.50% APY)
- World Savings (8 months, 5.41% APY, $10K min.)
- Libertyville Bank (7 months, 5.40% APY)
- State Bank of Countryside (6 months, 5.40% APY, $10K min.)
- Corus Bank (6 months, 5.40% APY, $10K min.)
- AmeriMark Bank (6 months, 5.35% APY, $10K min.)
- First Nations Bank (7 months, 5.35% APY, $5000 min.)
- Edgebrook Bank (3 months, 5.30% APY)
- CenTrust Bank (6 months, 5.30% APY)
- Lincoln Park Savings Bank (7 months, 5.25% APY)
- LaSalle Bank (7 months, 5.25% APY, $15K min.)
- Hyde Park Bank (8 months, 5.20% APY)
- Ben Franklin Bank (7 months, 5.20% APY)
- Downers Grove National Bank (7 months, 5.15% APY, $5000 min.)
9- to 11-Month CDs:
- Countrywide Bank (9 months, 5.50% APY, $10K min.)
- Delaware Place Bank (9 months, 5.35% APY, $5000 min.)
- Republic Bank (10 months, 5.30% APY)
- Foster Bank (9 months, 5.25% APY, $5000 min.)
- Metropolitan Bank (10 months, 5.25% APY, $5000 min.)
- Cole Taylor Bank (11 months, 5.15% APY, $10K min.)
- American Chartered Bank (9 months, 5.11% APY)
- North Bank (9-11 months, 5.10% APY, $50K min.)
- Bank of Waukegan (9 months, 5.10% APY)
- The People’s Bank of Arlington Heights (9 months, 5.00% APY)
- Chicago Community Bank (10 months, 5.00% APY)
- Edens Bank (10 months, 5.00% APY, $5000 min.)
- Plaza Bank (10 months, 5.00% APY, $5000 min.)
- Park Federal Savings Bank (10 months, 5.00% APY, $10K min.)
12- to 17-Month CDs:
- Countrywide Bank (12 months, 5.65% APY, $10K min.)
- American Metro Bank (13 months, 5.68% APY, $10K min.)
- American Eagle Bank (12 months, 5.50% APY, Chicago branch only)
- Corus Bank (12 months, 5.42% APY, $10K min.)
- Libertyville Bank (13 months, 5.40% APY)
- Benchmark Bank (15 months, 5.35% APY)
- Mutual Bank (12 months, 5.35% APY, $2500 min.)
- Delaware Place Bank (12 months, 5.35% APY, $5000 min.)
- First DuPage Bank (15 months, 5.15% APY, $5000 min., “step-up” CD)
- CenTrust Bank (12 months, 5.30% APY, 5.50% APY for “Charter Accounts”)
- Park National Bank (13 months, 5.30% APY, $10K min.)
- Builders Bank (12 months, 5.40% APY, $2500 min.)
- Foster Bank (12-17 months, 5.25% APY)
- Broadway Bank (13 months, 5.25% APY)
- Downers Grove National Bank (15 months, 5.25% APY, $5000 min.)
18- to 23-Month CDs:
- American Eagle Bank (18 months, 5.35% APY, Chicago branch only)
- Delaware Place Bank (18 months, 5.35% APY, $5000 min.)
- Foster Bank (18-23 months, 5.25% APY)
- Cole Taylor Bank (18-23 months, 5.20% APY)
- Inland Bank (18 months, 5.20% APY)
- International Bank of Chicago (18 months, 5.15% APY, $10K min.)
- Countrywide Bank (18 months, 5.10% APY, $10K min.)
- CenTrust Bank (18 months, 5.05% APY, 5.25% over 100K)
- American Home Bank (18 months, 5.05% APY)
- First Indiana Bank (22 months, 5.05% APY)
- The People’s Bank of Arlington Heights (18 months, 5.00% APY)
24- to 35-Month CDs:
- Mutual Bank (24 months, 5.47% APY, $5000 min.)
- Cole Taylor Bank (24-35 months, 5.30% APY)
- State Farm Bank (24 months, 5.20% APY; 5.30% over $100K)
- First Indiana Bank (33 months, 5.30% APY)
- Bank of Lincolnwood (24/30 months, 5.25% APY, $2500 min.; IRA 5.35%)
- International Bank of Chicago (24 months, 5.25% APY, $10K min.)
- First DuPage Bank (25 months, 5.20% APY, $5000 min.)
- Inland Bank (24/30 months, 5.20% APY)
- Fifth Third Bank (25 months, 5.15% APY)
- Countrywide Bank (24 months, 5.10% APY, $10K min.)
- CenTrust Bank (24 months, 5.05% APY, 5.25% over $100K)
- Republic Bank (24/30 months, 5.00% APY)
- Park Federal Savings Bank (25 months, 5.00% APY, $10K min.)
- The People’s Bank of Arlington Heights (24/30 months, 5.00% APY)
36- to 47-Month CDs:
- Beverly Bank (36-47 months, 5.47% APY, $100K max.)
- Mutual Bank (36 months, 5.47% APY, $5000 min.)
- Inland Bank (36 months, 5.20% APY)
- First Indiana Bank (44 months, 5.00% APY)
- State Farm Bank (36 months, 5.15% APY; 5.25% over $100K)
- Countrywide Bank (36 months, 5.10% APY, $10K min.)
- CenTrust Bank (36 months, 5.05% APY, 5.25% over $100K)
- The People’s Bank of Arlington Heights (36 months, 5.00% APY)
- First National Bank of McHenry (36 months, 5.00% APY)
48- to 59-Month CDs:
- Inland Bank (12 months, 5.25% APY)
- Countrywide Bank (48 months, 5.10% APY, $10K min.)
- CenTrust Bank (48 months, 5.05% APY; 5.25% over $100K)
- Standard Bank & Trust (48-59 months, 5.01% APY)
- The People’s Bank of Arlington Heights (48 months, 5.00% APY)
- State Farm Bank (48 months, 5.00% APY; 5.05% over $100K)
- First National Bank of McHenry (48 months, 5.00% APY)
- Republic Bank (48 months, 5.00% APY)
- U.S. Bank (47 months, 5.00% APY)
60-Month CDs and Longer:
- Cole Taylor Bank (60+ months, 5.35% APY)
- Albany Bank & Trust (60 months, 5.35% APY)
- Standard Bank & Trust (60 months, 5.26% APY)
- Inland Bank (60 months, 5.25% APY)
- Broadway Bank (60 months, 5.25% APY)
- Washington Mutual (60-120 months, 5.15% APY, $10K min.; 5.25% over $50K)
- Countrywide Bank (60/84 months, 5.10% APY, $10K min.)
- Community Bank Wheaton (60 months, 5.10% APY)
- Diamond Bank (60-120 months, 5.05% APY)
- CenTrust Bank (60 months, 5.05% APY; 5.25% over $100K)
- New Century Bank (60 months, 5.05% APY; 5.15% over $25K; 5.25% over $100K)
- The People’s Bank of Arlington Heights (60 months, 5.00% APY)
- Republic Bank (60 months, 5.00% APY)
- First DuPage Bank (60 months, 5.00% APY)
- State Farm Bank (60 months, 5.00% APY; 5.05% over $100K)
- First National Bank of McHenry (60 months, 5.00% APY)
Chicago-Area Money Market and Savings Account Rates for September 10, 2007
Every Monday, Chicago CD Rates gives a rundown of the highest money market rates and savings account rates for all national, regional, and local banks that have a branch in the Chicago, Illinois area, including Cook County, Lake County, DuPage County, Will County, Kane County, Kendall County, and McHenry County. Rates may change at any time.
After the major changes of two weeks ago, not an awful lot big happening this week. The largest change: Evergreen Private Bank is offering 5.25% APY in their “Cornerstone Money Market,” and 5.75% APY for the first 90 days if you open a checking account with direct deposit.
Money Markets/Savings Accounts — $10,000+:
- Countrywide Bank (savings, 5.25% APY)
- Mutual Bank (”Premium Unique Money Market,” 5.10% APY, $5000 minimum)
- Zions Bank (”Internet Money Market,” 4.98% APY, $1000 minimum)
- Ravenswood Bank (money market, 4.89% APY)
- Charter One (”Premium Money Market,” 4.75% APY)
- American Home Bank (”Freedom Savings,” 4.75% APY, $1000 minimum)
- American Chartered Bank (4.65% APY, no minimum)
Money Markets/Savings Accounts — $25,000+:
- Evergreen Private Bank (”Cornerstone Money Market,” 5.25% APY)
- Countrywide Bank (savings, 5.25% APY)
- Mutual Bank (”Premium Unique Money Market,”5.10% APY)
- Hyde Park Bank (”Select Savings,” 5.00% APY)
- Zions Bank (”Internet Money Market,” 4.98% APY)
- Ravenswood Bank (money market, 4.89% APY)
- Charter One (”Premium Money Market,” 4.75% APY)
- American Home Bank (”Freedom Savings,”4.75% APY)
- Harris Bank (”Relationship Money Market,” 4.75% APY)
Money Markets/Savings Accounts — $50,000+:
- Countrywide Bank (savings, 5.40% APY)
- Evergreen Private Bank (”Cornerstone Money Market,” 5.25% APY; 5.75% APY for first 90 days)
- Mutual Bank (”Premium Unique Money Market,”5.10% APY)
- Ravenswood Bank (”Investor Money Market,” 5.00% APY)
- Zions Bank (”Internet Money Market,” 5.08% APY)
- Hyde Park Bank (”Select Savings,” 5.00% APY)
- Charter One (”Premium Money Market,” 5.00% APY)
- Village Bank & Trust (”High Rise Savings,”5.00% APY)
- Harris Bank (”Relationship Money Market,”5.00% APY)
- American Home Bank (”Freedom Savings,”5.00% APY)
- ABC Bank (”Indexed Money Market,” 4.92% APY)
Money Markets/Savings Accounts — $100,000+:
- Countrywide Bank (savings, 5.40% APY; 5.65% over $250K)
- Evergreen Private Bank (”Cornerstone Money Market,” 5.25% APY; 5.75% APY for first 90 days)
- Zions Bank (”Internet MM,” 5.14% APY; 5.19% APY over $250K)
- Harris Bank (”Relationship MM,” 5.10% APY)
- Mutual Bank (”Premium Unique MM,” 5.10% APY)
- Ravenswood Bank (”Investor MM,” 5.00% APY)
- CenTrust Bank (”Executive Savings,” 5.02% APY; 5.28% over $500K)
- Bank Financial (”Prime Choice MM,” 5.00% APY; 5.25% over $200K)
- Hyde Park Bank (”Select Savings,” 5.00% APY)
- Village Bank & Trust (”High Rise Savings,” 5.00% APY)
- Charter One (”Premium Money Market,” 5.00% APY)
- American Home Bank (”Freedom Savings,” 5.00% APY)
Chicago-Area CD Rates for August 28, 2007
Every Tuesday, Chicago CD Rates gives a rundown of the highest CD rates and money market rates for all national or local banks that have a branch in the Chicago, Illinois area, including Cook County, Lake County, DuPage County, Will County, Kane County, Kendall County, and McHenry County. Minimums on CDs will only be mentioned if they exceed $1000. Rates may change at any time.
The changes from two weeks ago, mostly bad: American Chartered Bank raised their 9-month CDs a couple ticks to 5.11%. American Eagle Bank, unfortunately, has dropped their 6.00% 6-month CD at their Chicago branch to 5.50% APY — still tied for the best rate at that tier. American Eagle also has new 12-month and 18-month CDs that are tied for the lead in their respective categories. AmeriMark Bank has dropped their 7-12 month CDs at 5.40% to 5.00%. Ben Franklin Bank has a new 7-month CD at 5.20%. Builders Bank has dropped their 9-month, 5.25% CD, but they raised their 12-month CDs from 5.30% to 5.40%. CenTrust Bank has lowered their 6-month CDs from 5.50% to 5.30%. Cole Taylor Bank has changed all their CD rates slightly — some higher, some lower. As mentioned in a post last week, Countrywide Bank has raised their short-term CD rates as a result of concerns about their viability; they are now the leader at all terms up to 12 months. Diamond Bank has dropped all of their CDs substantially. First DuPage Bank has lowered all their CDs from .10% to .30%. Guaranty Bank lowered their long-term CDs from 5.00% to 4.75%. Libertyville Bank has new 7-month and 13-month CDs available at 5.40%. Midwest Bank dropped their 12-month CDs from 5.25% to 5.00%. North Community Bank’s 10-month, 5.00% CD is no more. Park Federal Savings Bank dropped their 25-month CDs from 5.25% to 5.00%. U.S. Bank’s promotional 47-month CD has dropped from 5.25% to 5.00%.
3- to 8-Month CDs:
- Countrywide Bank (6 months, 5.55% APY, $10K min.; 5.50% at 3 months)
- American Eagle Bank (6 months, 5.50% APY, Chicago branch only)
- STC Capital Bank (3 months, 5.50% APY)
- World Savings (8 months, 5.41% APY, $10K min.)
- Libertyville Bank (7 months, 5.40% APY)
- State Bank of Countryside (6 months, 5.40% APY, $10K min.)
- Corus Bank (6 months, 5.40% APY, $10K min.)
- First Nations Bank (7 months, 5.35% APY, $5000 min.)
- Edgebrook Bank (3 months, 5.30% APY)
- CenTrust Bank (6 months, 5.30% APY)
- Lincoln Park Savings Bank (7 months, 5.25% APY)
- LaSalle Bank (7 months, 5.25% APY, $15K min.)
- Hyde Park Bank (8 months, 5.20% APY)
- Ben Franklin Bank (7 months, 5.20% APY)
- Downers Grove National Bank (7 months, 5.15% APY, $5000 min.)
- North Bank (6-8 months, 5.10% APY, $50K min.)
- Guaranty Bank (6 months, 5.10% APY)
- MidAmerica Bank (8 months, 5.10% APY)
- Platinum Bank (6 months, 5.10% APY, $2500 min.)
- First DuPage Bank (7 months, 5.10% APY, $5000 min.)
- Washington Mutual (8 months, 5.10% APY; 5.20% over $50K)
9- to 11-Month CDs:
- Countrywide Bank (9 months, 5.50% APY, $10K min.)
- Delaware Place Bank (9 months, 5.35% APY, $5000 min.)
- Republic Bank (10 months, 5.30% APY)
- Foster Bank (9 months, 5.25% APY, $5000 min.)
- Metropolitan Bank (10 months, 5.25% APY, $5000 min.)
- Cole Taylor Bank (11 months, 5.20% APY, $10K min.)
- American Chartered Bank (9 months, 5.11% APY)
- North Bank (9-11 months, 5.10% APY, $50K min.)
- Bank of Waukegan (9 months, 5.10% APY)
- The People’s Bank of Arlington Heights (9 months, 5.00% APY)
- Chicago Community Bank (10 months, 5.00% APY)
- Edens Bank (10 months, 5.00% APY, $5000 min.)
- Plaza Bank (10 months, 5.00% APY, $5000 min.)
- Park Federal Savings Bank (10 months, 5.00% APY, $10K min.)
- AmeriMark Bank (9-11 months, 5.00% APY, $10K min.)
- First Indiana Bank (11 months, 5.00% APY)
12- to 17-Month CDs:
- Countrywide Bank (12 months, 5.65% APY, $10K min.)
- American Metro Bank (13 months, 5.68% APY, $10K min.)
- American Eagle Bank (12 months, 5.50% APY, Chicago branch only)
- Corus Bank (12 months, 5.42% APY, $10K min.)
- Libertyville Bank (13 months, 5.40% APY)
- Benchmark Bank (15 months, 5.35% APY)
- Mutual Bank (12 months, 5.35% APY, $2500 min.)
- Delaware Place Bank (12 months, 5.35% APY, $5000 min.)
- First DuPage Bank (15 months, 5.15% APY, $5000 min., “step-up” CD)
- CenTrust Bank (12 months, 5.30% APY, 5.50% APY for “Charter Accounts”)
- Park National Bank (13 months, 5.30% APY, $10K min.)
- Builders Bank (12 months, 5.40% APY, $2500 min.)
- Foster Bank (12-17 months, 5.25% APY)
- Northside Community Bank (12-15 months, 5.23% APY, $5000 min.)
- Broadway Bank (13 months, 5.25% APY)
- First Eagle Bank (12 months, 5.25% APY, $2500 min.)
- Downers Grove National Bank (15 months, 5.25% APY, $5000 min.)
- Northside Community Bank (12-15 months, 5.21% APY)
- Cole Taylor Bank (12-17 months, 5.25% APY; 5.30% for 15 months/$10K min)
- MidAmerica Bank (14 months, 5.20% APY)
- Community Bank of Elmhurst (12 months, 5.20% APY)
- Inland Bank (12 months, 5.20% APY)
18- to 23-Month CDs:
- American Eagle Bank (18 months, 5.35% APY, Chicago branch only)
- Delaware Place Bank (18 months, 5.35% APY, $5000 min.)
- Foster Bank (18-23 months, 5.25% APY)
- Cole Taylor Bank (18-23 months, 5.25% APY)
- Inland Bank (18 months, 5.20% APY)
- International Bank of Chicago (18 months, 5.15% APY, $10K min.)
- Countrywide Bank (18 months, 5.10% APY, $10K min.)
- CenTrust Bank (18 months, 5.05% APY, 5.25% over 100K)
- American Home Bank (18 months, 5.05% APY)
- First Indiana Bank (22 months, 5.05% APY)
- The People’s Bank of Arlington Heights (18 months, 5.00% APY)
24- to 35-Month CDs:
- Mutual Bank (24 months, 5.47% APY, $5000 min.)
- Cole Taylor Bank (24-35 months, 5.35% APY)
- State Farm Bank (24 months, 5.30% APY; 5.40% over $100K)
- First Indiana Bank (33 months, 5.30% APY)
- Bank of Lincolnwood (24/30 months, 5.25% APY, $2500 min.; IRA 5.35%)
- International Bank of Chicago (24 months, 5.25% APY, $10K min.)
- First DuPage Bank (25 months, 5.20% APY, $5000 min.)
- Inland Bank (24/30 months, 5.20% APY)
- Fifth Third Bank (25 months, 5.15% APY)
- Countrywide Bank (24 months, 5.10% APY, $10K min.)
- CenTrust Bank (24 months, 5.05% APY, 5.25% over $100K)
- Republic Bank (24/30 months, 5.00% APY)
- Park Federal Savings Bank (25 months, 5.00% APY, $10K min.)
- The People’s Bank of Arlington Heights (24/30 months, 5.00% APY)
36- to 47-Month CDs:
- Mutual Bank (36 months, 5.47% APY, $5000 min.)
- Inland Bank (36 months, 5.20% APY)
- First Indiana Bank (44 months, 5.00% APY)
- State Farm Bank (36 months, 5.15% APY; 5.25% over $100K)
- Countrywide Bank (36 months, 5.10% APY, $10K min.)
- Burling Bank (36 months, 5.09% APY)
- CenTrust Bank (36 months, 5.05% APY, 5.25% over $100K)
- The People’s Bank of Arlington Heights (36 months, 5.00% APY)
- First National Bank of McHenry (36 months, 5.00% APY)
48- to 59-Month CDs:
- Inland Bank (12 months, 5.25% APY)
- Countrywide Bank (48 months, 5.10% APY, $10K min.)
- CenTrust Bank (48 months, 5.05% APY; 5.25% over $100K)
- Standard Bank & Trust (48-59 months, 5.01% APY)
- The People’s Bank of Arlington Heights (48 months, 5.00% APY)
- State Farm Bank (48 months, 5.00% APY; 5.05% over $100K)
- First National Bank of McHenry (48 months, 5.00% APY)
- Republic Bank (48 months, 5.00% APY)
- U.S. Bank (47 months, 5.00% APY)
60-Month CDs and Longer:
- Cole Taylor Bank (60+ months, 5.35% APY)
- Albany Bank & Trust (60 months, 5.35% APY)
- Standard Bank & Trust (60 months, 5.26% APY)
- Inland Bank (60 months, 5.25% APY)
- Broadway Bank (60 months, 5.25% APY)
- Washington Mutual (60-120 months, 5.15% APY, $10K min.; 5.25% over $50K)
- Countrywide Bank (60/84 months, 5.10% APY, $10K min.)
- Community Bank Wheaton (60 months, 5.10% APY)
- Diamond Bank (60-120 months, 5.05% APY)
- CenTrust Bank (60 months, 5.05% APY; 5.25% over $100K)
- New Century Bank (60 months, 5.05% APY; 5.15% over $25K; 5.25% over $100K)
- The People’s Bank of Arlington Heights (60 months, 5.00% APY)
- Republic Bank (60 months, 5.00% APY)
- First DuPage Bank (60 months, 5.00% APY)
- State Farm Bank (60 months, 5.00% APY; 5.05% over $100K)
- First National Bank of McHenry (60 months, 5.00% APY)
Chicago-Area Money Market and Savings Account Rates for August 27, 2007
Every Monday, Chicago CD Rates gives a rundown of the highest money market rates and savings account rates for all national, regional, and local banks that have a branch in the Chicago, Illinois area, including Cook County, Lake County, DuPage County, Will County, Kane County, Kendall County, and McHenry County. Rates may change at any time.
The bottom dropped out of a few money markets last week due to severe weakness in short-term Treasury Bills. Park National Bank lowered its Advantage Money Market from 4.94% APY to 4.00%. Broadway Bank’s Premier Money Market had a top rate of 4.75% APY two weeks ago; now the top rate is at 3.85%. And in the biggest drops, Northside Community Bank’s and Corus Bank’s money markets fell dramatically from about 4.88% APY to less than 3%. Fortunately, there are still many banks giving strong money market and savings account returns of 5.00% APY and up.
(There were a few other small changes this week — such as Ravenswood Bank dropping their Investor Money Market from 5.09% to 5.00% — but those were resolutely minor compared to the changes above.)
Money Markets/Savings Accounts — $10,000+:
- Countrywide Bank (savings, 5.25% APY)
- Mutual Bank (”Premium Unique Money Market,” 5.10% APY, $5000 minimum)
- Zions Bank (”Internet Money Market,” 4.98% APY, $1000 minimum)
- Ravenswood Bank (money market, 4.89% APY)
- Charter One (”Premium Money Market,” 4.75% APY)
- American Home Bank (”Freedom Savings,” 4.75% APY, $1000 minimum)
- American Chartered Bank (4.65% APY, no minimum)
Money Markets/Savings Accounts — $25,000+:
- Countrywide Bank (savings, 5.25% APY)
- Mutual Bank (”Premium Unique Money Market,”5.10% APY)
- Hyde Park Bank (”Select Savings,” 5.00% APY)
- Zions Bank (”Internet Money Market,” 4.98% APY)
- Ravenswood Bank (money market, 4.89% APY)
- Charter One (”Premium Money Market,” 4.75% APY)
- American Home Bank (”Freedom Savings,”4.75% APY)
- Harris Bank (”Relationship Money Market,” 4.75% APY)
Money Markets/Savings Accounts — $50,000+:
- Countrywide Bank (savings, 5.40% APY)
- Mutual Bank (”Premium Unique Money Market,”5.10% APY)
- Ravenswood Bank (”Investor Money Market,” 5.00% APY)
- Zions Bank (”Internet Money Market,” 5.08% APY)
- Hyde Park Bank (”Select Savings,” 5.00% APY)
- Charter One (”Premium Money Market,” 5.00% APY)
- Village Bank & Trust (”High Rise Savings,”5.00% APY)
- Harris Bank (”Relationship Money Market,”5.00% APY)
- American Home Bank (”Freedom Savings,”5.00% APY)
- ABC Bank (”Indexed Money Market,” 4.92% APY)
Money Markets/Savings Accounts — $100,000+:
- Countrywide Bank (savings, 5.40% APY; 5.65% over $250K)
- Zions Bank (”Internet MM,” 5.14% APY; 5.19% APY over $250K)
- Harris Bank (”Relationship MM,” 5.10% APY)
- Mutual Bank (”Premium Unique MM,” 5.10% APY)
- Ravenswood Bank (”Investor MM,” 5.00% APY)
- CenTrust Bank (”Executive Savings,” 5.02% APY; 5.28% over $500K)
- Bank Financial (”Prime Choice MM,” 5.00% APY; 5.25% over $200K)
- Hyde Park Bank (”Select Savings,” 5.00% APY)
- Village Bank & Trust (”High Rise Savings,” 5.00% APY)
- Charter One (”Premium Money Market,” 5.00% APY)
- American Home Bank (”Freedom Savings,” 5.00% APY)
