Dedicated to Deposits: Deals, Data, and Discussion

3.71% 12-Month / 3.75% 18-Month CD at a Chicago Bank (Beverly Bank & Trust).

POSTED ON BY

Update 5/3/08: The CD rates have fallen. Please check the bank's website for the latest rates.

Beverly Bank & Trust Company N.A. has some competitive CD rates. The best rates include a 3.75% APY 18-month CD, a 3.71% APY 12-month CD and a 3.50% APY 9-month CD. The minimum deposit is $1,000, and the maximum is $99,999.

The bank has an online application that appears to allow people to open accounts without a branch visit. I have not called to see if they require a branch visit.

I last reported on this bank in October 2007 when it was offering a 5.53% CD.

Branches are located in Chicago. It's a small bank that was established in 2004. The bank is FDIC insured (Certificate # 57701).

  Tags: Illinois, CD rates

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Comments
2 Comments.
Comment #1 by Anonymous posted on
Anonymous
These rates don't seem very competitive. They seem low.

1
Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Unfortunately, in the current rate environment, these are competitive as you can see in my last week's rate summary for 18-mo CDs. There are a few banks and credit unions with higher 12-mo CDs, but not many.

1