Dedicated to Deposits: Deals, Data, and Discussion

4.00% 11-Month / 4.75% 36-Month CD at a Chicago Bank (Cole Taylor)

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Cole Taylor Bank
Update 7/19/08: The 36-month CD yield has fallen from 5% to 4.75% APY. The title has been modified to reflect this change.

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.
  Tags: Illinois, CD rates, Cole Taylor Bank

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