Posted by | Posted in Credit Unions | Posted on 02-03-2009
Northrop Grumman Federal Credit Union has the best CD with a term around a year I’ve seen for quite a while: Their 15-month CD is yielding 4.12% APY. This CD has a minimum deposit of $40,000, although you can get the CD with a 3.86% APY with a minimum deposit of $2500. Unfortunately, to get this rates, you must either be a member of record of Northrop Grumman FCU prior to February 24, 2009 or be a current Northrop Grumman or Metro employee. Put another way, you can’t join this credit union just to get this CD unless you are a current Northrop Grumman or Metro employee.
Northrop Grumman Federal Credit Union is open to employees of Northrop Grumman Corporation, employees of Northrop Grumman subsidiaries (except those eligible for membership in another credit union sponsored by Northrop Grumman Corporation by virtue of their employment), and family members of employees of Northrop Grumman and current credit union members. If you don’t meet any of this reqirements, you can join Northrop Grumman FCU through a $50 membership in the Southern California Historical Aviation Foundation. Northrop Grumman FCU has 18 branches, one of which is in Illinois: 600 Hicks Road in Rolling Meadows.
Posted by | Posted in Millennium Bank | Posted on 02-03-2009
Millennium Bank has a number of competitive mid-term and long-term CDs:
- 2-year CD: 2.75% APY
- 3-year CD: 3.00% APY
- 4-year CD: 3.25% APY
- 5-year CD: 3.75% APY
These CDs all have a minimum deposit of $1000. The early withdrawal penalty on all these CDs is 6 months interest.
Millennium Bank is located on Miner Street (Hwy. 14) in Des Plaines just west of the Tri-State (I-294).
Posted by | Posted in Corus Bank | Posted on 26-02-2009
Corus Bank recently took over GMAC’s spot as the bank with the highest yielding APY for 12 month CDs. Corus Bank, while headquartered in Chicago Illinois, is a national bank with it’s certificates of deposit, savings accounts, and money market accounts available to consumers nationwide.
Corus Bank’s Certificate of Deposit features
- Minimum balance required to open is $10,000
- Maturities from three months to five years (their best CD rate is the 1 year CD)
- fixed rate for entire term of the certificate of deposit
- Automatically renews at end of maturity (see terms and conditions for grace period)
- all Corus Bank CD’s are FDIC insured
Current CD Rates
Corus Bank has a 6 month CD yielding a rate of 2.44% APY.
12 month CD yielding a rate of 2.93% APY.
2 year CD with a rate of 2.58% APY.
3 year CD with rate of 2.58% APY.
5 year CD with rate of 2.73% APY.
Posted by | Posted in Wheatland Bank | Posted on 25-02-2009
Wheatland Bank is offering many of their CD terms at 3.25% APY. Their 2-year CDs, 3-year CDs, 4-year CDs, and 5-year CDs are all at that rate. Their 1-year and 18-month CDs are also at a competitive 3.00% APY. All the CDs have a minimum deposit of $2500. Wheatland Bank’s money market account is also returning a reasonable 2.50% APY for deposits over $2500.
Wheatland Bank has one location: 2244 95th Street in Naperville.
American Eagle Bank of Chicago and American Eagle Bank of South Elgin are both offering CD specials at 2 years. The Chicago bank is offering a 3.25% APY CD for 24 months (2.75% the first 12 months; 3.75% the last 12), and the South Elgin bank is offering a 3.00% APY CD for 24 months (2.75% the first 12 months; 3.75% the last 12). Neither website lists a minimum deposit. The South Elgin rate is available only to existing customers and Kane County residents, although the better Chicago rate is residents of the Greater Chicagoland Metropolitan Statistical Area and existing customers.
American Eagle Bank of Chicago is located at 2129 North Western Ave in Chicago. American Eagle Bank of South Elgin is located at 556 Randall Road in South Elgin.
Posted by | Posted in AMCORE Bank | Posted on 24-02-2009
AMCORE Bank has two competitive CDs available: Their 10-month CD is yielding 3.00% APY, and their 39-month CD is yielding 3.75% APY. These CDs have a minimum deposit of $10,000 and a maximum of $1 million. To get these rates, you have to have one of the following: (a) an AMCORE checking account with direct deposit or ACH, (b) an aggregate deposit balance of $25,000 or more with AMCORE, or (c) an Ambassador Club Membership (for those 55 and over with $10,000 or more on deposit with AMCORE). What I don’t know is whether the CD itself would help to meet those deposit requirements, i.e. if you opened a $25,000 CD, whether that itself would meet option (b). You’d have to call an individual branch or 877-926-2673 to find out for sure what they’d be willing to do.
AMCORE Bank has more than 75 locations throughout Illinois and Wisconsin. You can find one near you here.
CD Rates Chicago, is a website with information on the highest Illinois CD rates, money market rates, and savings rates, as well as other banking and financial steals and/or deals and information in the Chicago or surrounding area.
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