Dedicated to Deposits: Deals, Data, and Discussion

5.45% 5-Month CD at an Illinois Bank (Town Center).


Town Center Bank
Town Center Bank is offering a special 5.45% APY 5-month certificate of deposit. The minimum deposit is $10,000, and the maximum is $100,000. The special is mentioned on the bank's home page, but since there are no details, I called the bank today. I was told that it's scheduled to end this Friday (12/7/07) at the end of the day. It requires that you open a checking account. The Free Interest Checking qualifies. It requires a $100 minimum to open, and it has no monthly fees.

According to the banking rep, a branch visit is required. Branches are located in Frankfort and New Lenox, Illinois which is just south of Chicago.

My last report on this bank was in March when it was offering a 5.75% 6-month CD. It's a newly established bank that started in September of 2006. The bank is FDIC insured (Certificate # 58214).

  Tags: Illinois, Town Center Bank, CD rates

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