Dedicated to Deposits: Deals, Data, and Discussion

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

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American Eagle Bank
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

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Comments
3 comments.
Comment #1 by Anonymous posted on
Anonymous
This is off the subject but is there any way to get around the direct deposits that high yield checking accounts require? It seems that someone mentioned that there was a way around it.Thanks bank guy. We appreciate all your efforts.

1
Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Some banks count ACH transfers as direct deposit. Refer to this FW thread for more details on this.

1
Comment #3 by Anonymous posted on
Anonymous
Thanks!

1