Dedicated to Deposits: Deals, Data, and Discussion

4.00% 12-Month / 4.50% 60-Month CD at an Illinois Bank (CenTrust).

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Update 5/20/08: The CD rates have fallen. Please check the bank's website for the latest rates and specials.

CenTrust Bank is offering a special 4.00% APY 12-month CD. The minimum deposit is $500 for personal CD's and $1,000 for business CD's. You can also get another 20 basis points added if you have a Charter Account. Another 5 basis points is added for a Jumbo CD with a minimum deposit of $100,000.

The rate table also lists competitive long-term rates that includes a 4.50% APY 60-month CD.

It appears the bank requies a branch visit to open accounts. The office is located in Deerfield, Illinois. It appears they'll soon be moving to Northbrook. Both are located in the northern suburbs of Chicago. The bank was just established in 2006. It's a member FDIC (Certificate # 58158).
  Tags: Illinois, CD rates

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