5.40% 12-Month CD at a Chicago Bank

Builders Bank is advertising a 5.40% APY 12-month certificate of deposit. The minimum is $2.5K. The rate is available to new deposits only. The ad is available online here (pdf). The bank has 2 branches in Chicago.

Credit for this find goes to a reader who emailed me CD deals advertised in the May 4th Chicago Tribune. Some other good CD deals that were advertised included a 5.26% 10-month CD at Standard Bank and a 5.20% 9-month CD at Oak Brook Bank. Neither of these certificate specials are posted online.