4.05% 60-Month / 3.85% 15-Month CD at a Chicago Bank (Cole Taylor).

Update 3/29/08: The CD rates have fallen. Please check the credit union's website for the latest rates.

Update 3/22/08: The 60-month CD yield has fallen from 4.30% to 4.05% APY, and the 15-month CD yield has fallen from 4.00% to 3.85% APY. The title has been modified to reflect this change.

Cole Taylor Bank has a couple of CD rates at or above 4%. There's a 15-month CD with a yield of 4.00% APY. The minimum deposit is $10,000. The 60-month CD has a yield of 4.30% APY and a minimum deposit of $1,000. All the other CD terms over 6 months have yields in the high 3% range.

Branches are located in Chicago, Illinois and in its suburbs. The bank has been FDIC insured since 1978 (Certificate # 22599).

Tags: Illinois, CD rates, Cole Taylor Bank