19-month 5% CD at a Chicago Bank

Nov 17, 2005 - 9:00 AM by Ken Tumin

Delaware Place Bank has a 19-month CD special with a rate of 5.00% APY. Below is a list of all of their special certificates of depost:


Term        APY
6-month    4.00%
10-month   4.80%
19-month   5.00%

All have a minimum deposit requirement of $5K. It is also offering a savings account with a rate of 4.00% APY for balances over $50K.

Delaware Place Bank is located in Chicago, Illinois. It looks like these deals are only available at the branch.

CD or Savings Account?

How high should a CD rate be for it to be a better deal than a high-interest savings account when rates are continuing to rise? I'll try to give some rules of thumb in later posts.

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In order of date posted. - Sort by votes

pfadvice (anonymous) - #1, Friday, November 18, 2005 - 1:08 AM

You alwasy have a much more thorough list of the current banks and yields, but thought this small regional (quite limited) one might catch your interest:

Mountain High Credit Union 10% CD

Banking Guy (anonymous) - #2, Friday, November 18, 2005 - 9:01 AM

Thanks for the deal info. I've seen a few of these types of CD deals. The only problem is that they have a maximum investment limit. This max is pretty severe at $1K. The extra 5% interest is about equivalent to a $50 bonus. It's not bad if someone is considering to join this CU anyway.

This credit union also has a pretty good 5-year CD rate of 5.25% (although it's still not high enough in this rising interest rate environment).

Banking Guy (anonymous) - #3, Saturday, December 3, 2005 - 2:54 PM

As of December 3, 2005, these promotional CD rates were no longer being offered.

19-month 5% CD at a Chicago Bank

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