Dedicated to Deposits: Deals, Data, and Discussion

5.75% 6-Month CD at an Illinois Bank (Town Center Bank) - Update


Town Center Bank is still offering a 5.75% APY 6-month certificate of deposit special. I had first reported on this in November. According to the website, this offer is being extended to at least January 7, 2007. The minimum is $2,000, and it requires opening a checking account. When I contacted the bank in November, I was told by the CSR that both the CD and the checking account can be opened by mail even by those who live in other states.

Branches are located in Frankfort and New Lenox, Illinois which is just south of Chicago.

It's a newly established bank that has just been FDIC insured since September, 2006.