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.
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.
5.05% CD at National City Bank
In Sunday’s Chicago Tribune, National City was advertising a new CD special: A 5.05% APY CD for of 43 to 54 months. Like many of NatCity’s CD specials, this requires an existing checking or savings account or a new checking (except Free checking) or money market account with a $1,500 minimum initial deposit. The CD has a minimum of $10,000 and a maximum of $500,000.
National City has many branches throughout Chicagoland.
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.
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 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.
5% 7-year CDs at Navy FCU
If you’re looking to lock in your money for the very long term, Navy Federal has a good rate for 7-year CDs: 5.00% APY. This CD has a minumum of $20,000, although with a minumum of $1000, you could get the same CD with a slightly lower 4.85% APY. Navy FCU also has some decent 5-year CDs: 4.40% APY with $100,000, 4.25% APY with $20,000, and 4.10% APY with $1000.
Navy Federal Credit Union is open to all active duty, reservist, and retired Navy and Marine Corps (and their families), as well as civilian Navy employees and contractors. There are two Navy Federal branches in Great Lakes — at the Naval Station Great Lakes (847-785-0551) and the Recruit Training Command (866-755-4682) — but Navy Federal’s website says to call first because “members who are not assigned to or do not work on these bases may not be able to visit an on-base branch offices or use an on-base ATM.”
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.
