5.50% 12-Month CD at a Chicago Bank (American Eagle)

American Eagle Bank Chicago is offering a special 5.50% APY 12-month certificate of deposit. There's also a promotional 18-month CD with a yield of 5.35% APY. The minimum deposit is $1,000. The early withdrawal penalty on the 12-month CD is 30 days (which is less than the average penalty for 12-month CDs).

This promotion only seems available at their Chicago branch. Their branch in Elgin, Illinois has a different CD promotion (5.30% APY 19-month CD). The American Eagle Bank of Chicago just became FDIC insured in April (FDIC Certificate # 58514). The American Eagle Bank in South Elgin has been FDIC insured since 2002 (FDIC Certificate # 57359).

Tags: American Eagle Bank, CD rates