Dedicated to Deposits: Deals, Data, and Discussion

5.20% 12-Month / 5.35% 5-Month CD at an Illinois Bank (Evergreen Private).

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Evergreen Private Bank is listing some very competitive CD rates for its Cornerstone CD Promotion. These include a 5.35% APY 5-month CD, 5.20% APY 12-month CD and a 5.10% APY 15-month CD. The minimum deposit is $10,000. New money or additional account relationships are required. There's a December date on the rate table, so hopefully these rates are still valid. I haven't contacted the bank to verify.

The bank also offers the CDARS Program which provides an easy way to purchase CDs that can be FDIC insured up to $50 million. The CDARS program splits the large balance into deposits of under $100K for several different banks. This can make it much easier for those with large balances, but the catch is that the CD rates are not usually that great especially when compared to promotional CD rates.

In my last report on this bank in July 2007, a reader commented that they require you to come into the branch to open an account. Update 1/22/08: A reader has just verified that they still require a branch visit to open an account.

Evergreen Private Bank is located in Oak Brook which is in the suburbs of Chicago. Main phone # is (630) 413-9580 and the toll free # is (888) 505-BANK. The bank is FDIC insured (FDIC Certificate # 35230).

Thanks to the reader who mentioned these CDs in the comments of the Finding-the-best rates post.
  Tags: Illinois, CD rates

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Comments
Comment #1 by trinidon2k (anonymous) posted on
trinidon2k
This sucks....The day I wanted to go in for the $200/Nano promotion was the day they ended that promotion....now the day I wanted to go in to open a 5 month CD is the day they update the website with new rates. Just my luck.

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