Cole Taylor Bank has increased rates on its CD promotions. The latest promotions include a 4.00% APY 11-month CD, a 4.10% APY 15-month CD, a 5.00% APY 36-month CD and a 5.10% APY 60-month CD. The minimum deposit is $10,000, and new money is required.
My last report on this bank was in June when 11-month CD was at 3.75% and the 15-month was at 4%.
It appears a branch visit is required to open an account. Branches are located in Chicago, Illinois and its suburbs. The bank has been FDIC insured since 1978 (FDIC Certificate # 22599). It has a 3 star rating (adequate) at BauerFinancial based on 3/31/08 data.