Dedicated to Deposits: Deals, Data, and Discussion

5.25% 60-Month / 5.00% 13-Month CD at a Chicago Bank (Broadway).

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Broadway Bank is offering a special 13-month CD with a yield of 5.00% APY. The minimum deposit is $2,500, and it must be new money. It also has a regular 5-year CD with a yield of 5.25% APY. The minimum deposit is $1,000. This 5-year yield is also available in an IRA CD. Please see their Rate Table for more details.

The top of the rate table states that CDs can be opened by mail. There could be restrictions, so please contact the bank if you're interested in these CDs. Branches are located in Chicago, Illinois.

The bank is FDIC insured (Certificate # 22853). Broadway Bank has $1.07 billion in assets and $895.5 million in deposits. It looks like a strong bank with a 5 out of 5 star rating (superior) at Bankrate and 4 out of 5 stars (excellent) at BauerFinancial. Both are based on 9/30/07 data.

  Tags: Illinois, CD rates, IRA rates

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