5.50% 10-Month CD at a Chicago Bank

Hyde Park Bank is offering a 5.50% APY 10-month certificate of deposit. The minimum is $5K and at least $5K must be money new to the bank. A Hyde Park Bank checking account is required. There's a $50 fee for checking accounts closed within one year of opening. Several checking accounts are available, one of which is an Economy Checking Account that has no minimum balance requirements.

The bank has several branches in Chicago, Illinois. Credit for this find goes to eMoneyCentral.