Chicago CD Rates

25-month, 2.65% CD at Broadway Bank

mdprins — Thu, 18 Jun 2009 13:29:41 +0000

Broadway Bank has a couple competitive CDs available: Their 25-month CD is yielding 2.65% APY, and their 13-month CD is yielding 2.25% APY. Both CDs require $2500 minimum deposit and require new money to the bank. Broadway Bank also has a 5-year CD that’s yielding 3.50% APY.

Broadway Bank has four branches: Three in Chicago and one in Glencoe.

CDs up to 3.75% at First Bank of Highland Park

mdprins — Wed, 17 Jun 2009 13:44:38 +0000

First Bank of Highland Park has a number of nice CDs available:

9-month CD: 2.25% APY
17-month CD: 2.75% APY
5-year CD: 3.75% APY

These CDs have a minimum deposit of $5000, although that drops to $1000 if the CD is opened as an IRA CD.

First Bank of Highland Park has two locations: 1835 First Street in Highland Park and 633 Skokie Blvd., 3rd Floor, in Northbrook.

(Thanks to the reader who e-mailed me this deal.)

12- and 18-month, 2.60% CDs at Builders Bank

mdprins — Wed, 17 Jun 2009 13:24:16 +0000

Builders Bank has two competitive CDs: Their 12-month CD and their 18-month CD are both yielding 2.60% APY. Both CDs have a minimum deposit of $2500, although the minimum drops to $500 if you open the CD as an IRA CD. The rates are scheduled to be good through tomorrow (June 18th), although Builders Bank could change them at any time.

Builders Bank has two branches, both on North LaSalle Street in Chicago.

16-month, 2.46% CD at Mutual Bank

mdprins — Wed, 17 Jun 2009 03:21:57 +0000

Mutual Bank has a pretty high CD available in today’s CD environment: Their 16-month CD is yielding 2.46% APY. This CD has a minimum deposit of $2500 and a maximum of $95,000. Mutual Bank is also offering a 3-year CD 2.63% APY, a 4-year CD at 2.99% APY, and a 5-year CD at 3.26% APY. The 3-year CD has the same minimum, but the 4- and 5-year CDs have a minimum of only $1000. All have the same maximum. All the CDs are also available as IRA CDs.

Mutual Bank has nine branches in the Chicago area: Two in Naperville, and one each in Aurora, Carol Stream, Chicago, Downers Grove, Harvey, Roselle, and Villa Park.

25-month, 2.65% CD at Central Federal Savings

mdprins — Wed, 17 Jun 2009 03:15:26 +0000

Central Federal Savings has a reasonably competitive CD offering: Their 25-month CD is yielding 2.65% APY. This rate has a $2500 and requires having a checking account with Central Federal. Without a checking account with the bank, the rate drops to 2.40% APY. Central Federal is also offering a 1-year IRA CD that’s yielding 2.00% APY. This rate also has a $2500 minimum but does not have the checking account requirement.

Central Federal Savings has two locations: 5953 W. Cermak Road in Cicero and 6940 W. Ogden Avenue in Berwyn.

CDs up to 3.39% at AA Credit Union

mdprins — Sat, 06 Jun 2009 14:37:21 +0000

AA Credit Union has a number of competitive CDs available:

3-year CD: 3.03% APY
4-year CD: 3.14% APY
5-year CD: 3.39% APY

These CDs all have a minimum of $10,000. The CDs are available with a minimum of $1000 as well, but the APYs on the CDs drop by between 10 and 25 basis points. The penalty for early withdrawal is 180 days on each of these CDs.

AA Credit Union is open to anyone who works directly with the air transportation industry — not just American Airlines employees. This includes airline employees, TSA and FAA employees, baggage handlers, those who deal with airline food services, and others. It also is open to those who are retired from the air transportation industry.

The four local branches of AA Credit Union are all located on the grounds of O’Hare Airport — in Terminal 3, Concourse K; in Terminal 3, Concourse G; in the West Mezzanine Level, Terminal 3; and at 9950 W. Lawrence Ave., Suite 219.

3-year, 3.38% CD at Chicago Patrolmen’s CU

mdprins — Fri, 05 Jun 2009 19:37:17 +0000

Chicago Patrolmen’s Credit Union has a high three-year CD available: 3.38% APY. This CD has a minimum of $2500. The CD is also available as a traditional and Roth IRA CD (minimum $1000) and Coverdell Educational Savings Account CD ($500 minimum). Their 2-year CD is also high in today’s financial environment: 2.83% APY, with the same minimums as above.

Membership in the Patrolmen’s Credit Union is limited to active and retired sworn personnel in the Chicago Police Department, civilian Police Department employees, and employees of the Chicago Office of Emergency Management Communications, as well as the immediate families of all those groups. The credit union has three locations, all in Chicago: 1359 W. Washington Boulevard, 2766 W. 111th Street and 5310 N. Harlem.

2.89% 3-year CD at CAFCU

mdprins — Fri, 05 Jun 2009 19:31:53 +0000

Corporate America Family Credit Union (CAFCU) has a competitive 3-year CD available: 2.89% APY. This CD has a minimum of a $10,000 deposit, although the CD is available at 2.79% APY with a $1000 minimum deposit. The CDs is also available as a traditional IRA CD, Roth IRA CD, or Coverdell ESA (educational) CD.

Corporate America Family CU is a very open credit union: Membership is open to anyone who lives or works within 25 miles of a branch, i.e. pretty much the entire Chicago area. Corporate America Family CU has 10 branches in the greater Chicago area: Two in Chicago, and one each in Burbank, Crystal Lake, Elgin, Oak Brook, Rosemont, St. Charles, Streamwood, and Warrenville. (The 11th local branch, in Schaumburg, closed on May 29th.)

CDs up to 3.75% (3.95% for IRA) at Credit Union 1

mdprins — Fri, 05 Jun 2009 02:16:41 +0000

Credit Union 1 has a number of competitive CD rates available, all with a a minimum deposit of $10,000:

24-month CD: 2.75% APY
30-month CD: 3.00% APY
36-month CD: 3.25% APY
48-month CD: 3.45% APY
60-month CD: 3.75% APY

As is typical with Credit Union 1, their IRA CDs are even higher — all of them .20% higher than the tradiational CD rates. All the traditional and IRA CDs are also available with a minimum deposit of only $1000, although that drops the yield by 10 basis points.

Credit Union 1 also has a money market that’s yielding competitive rates: between 1.70% APY and 2.55% APY, depending on the amount in the money market. Credit Union 1’s Health Savings accounts are also returning a very nice 2.50% with no minimum.

Credit Union 1 is privately insured by American Share Insurance rather than publicly through the FDIC or NCUA, which means that the union’s assets aren’t backed by the U.S. Government — although it also means that the assets are insured for $250,000 rather than $100,000.

Credit Union 1 is a relatively open credit union, with many different groups eligible for membership: active and retired military, and employees at the state of Illinois, Cook County, University of Illinois at Chicago, Eastern Illinois University, Mitsubishi Motor Manufacturing of America, AON and Chicago Tribune, as well as 750 additional companies.

Credit Union 1 has 19 locations, 11 of which are in Chicagoland: Seven in Chicago, and one each in Evergreen Park, Libertyville, Lombard and Northlake.

13-month, 2.65% CD at Washington Federal Bank for Savings

mdprins — Fri, 29 May 2009 19:13:26 +0000

Washington Federal Bank for Savings has a nice short-term available: Their 13-month CD is yielding 2.65% APY. This CD has a minimum of $1000. The CD requires opening a savings account with Washington Federal with a minimum deposit of $250, and it requires new money to the bank.

Washington Federal Bank has two locations, both in Chicago: 2869 S. Archer Ave. and 1410 W. Taylor St.

(Hat tip to Bank Deals Blog.)