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4.00% 12-Month CD at a Chicago Bank (Builders).


Builders Bank
Update 7/26/08: The special CD has ended. Please refer to the bank's website for the latest rates and specials.

Builders Bank is offering a 4.00% APY CD with terms of 12 and 18 months. The minimum deposit is $2,500 ($500 for an IRA CD). Other competitive rates include a 6-month CD with a 3.50% APY and a 9-month CD with a 3.60% APY. These rates are listed on their rate sheet (pdf) and are in effect through July 3, 2008.

My last report on this bank was in May when it was offering a 3.60% 12-month CD.

A branch visit appears to be required to open an account. Branches are located in Chicago, Illinois. The bank has been FDIC insured since 1997 (FDIC Certificate # 34613). It has a 3.5 star rating (good) at BauerFinancial based on 3/31/08 data.

Other High Certificate of Deposit Rates

For those in the Chicago area, there's another bank that is offering a 4.25% APY CD with terms from 10 to 13 months (see post).

Wachovia still has one of the best deals with its 4% 7-month CD, 4.25% 12-month CD and long-term rates as high as 5.25% APY (see post).

For other CD deals, please refer to my latest nationwide CD rate list.

  Tags: Illinois, Builders Bank, CD rates, IRA rates

Related Posts

Comment #1 by Anonymous posted on
Applied online for Wachovia Featured CD. Website gave an HTTP 500 error after I submitted the application.

Left a message via email. Have yet to hear back from them.

Comment #2 by Anonymous posted on
I see that IndyMac has raised the APR for its one-year CD to 4.21%. It appears that IndyMac finds itself in the same predicament as Countrywide was in last summer when the latter had to raise capital quickly and cheaply in the CD market by offering superior rates.

Comment #3 by Anonymous posted on
I sent an email to Wachovia asking for the featured cd rates in my zip code and they never got back with me.

The online application asked for both citizenship and permanent residence which I think it is odd. Why do they care or need to know? Unless you are a non-U.S. citizen then I can see why they need to know. Am I wrong?

Comment #4 by O-Qua Tangin Wann (anonymous) posted on
O-Qua Tangin Wann are wrong.

Due to threats of foreign terrorists depositing money into American banks to fund their terrorist activities, all banks must establish complete identity of all account holders (per the U.S. Patriot Act).

The terrorists have won and will always win as long as they are willing to die for their cause.

~O-Qua Tangin Wann