6.00% 36-Month CD at an Illinois Bank (First Bank of Highland Park)
Aug 18, 2006 - 6:14 PM by Ken Tumin
First Bank of Highland Park is now offering a 6.00% APY 36-month certificate of deposit. The minimum is $5K. The early withdrawal penalty is 3 months of interest.
When I reported on this bank last Tuesday, the CD special was 6% for 48 months. A reader mentioned that the bank then discontinued all of the 6% CDs. As I mentioned in that previous post, the bank and its 6% CD were mentioned in this Bankrate.com article last Friday. So this may have caused the bank to changes things. But the reader informed me today that the bank has reinstated the 6% 36-month CD for Illinois residents. Note that it may end at any time.
The bank has two branches in the Chicago area. It's a small bank with $874 million in assets and with 61 employees. It has been FDIC insured since 1955.
When I reported on this bank last Tuesday, the CD special was 6% for 48 months. A reader mentioned that the bank then discontinued all of the 6% CDs. As I mentioned in that previous post, the bank and its 6% CD were mentioned in this Bankrate.com article last Friday. So this may have caused the bank to changes things. But the reader informed me today that the bank has reinstated the 6% 36-month CD for Illinois residents. Note that it may end at any time.
The bank has two branches in the Chicago area. It's a small bank with $874 million in assets and with 61 employees. It has been FDIC insured since 1955.
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