5.00% 36-Month / 4.50% 12-Month CD at Wheatland Bank in Illinois

Wheatland Bank is offering several competitive CD rates. These include a 4.00% APY for 3- and 6-month terms, 4.50% APY for 12-, 18- and 24-month terms, and 5.00% APY for 3-, 4- and 5-year terms. The minimum deposit is $2,500. These rates apply to personal, business and IRA CD's.

The bank also has a decent checking, savings and money market account rates for a brick-and-mortar bank. The savings account yield is 3% APY on all balances. The money market account yield is 3.44% APY for balances of $2,500 and up, and the checking account yield is 3.00% APY for balances of $2,500 and up. All accounts are free of service charges.

It appears a branch visit is required to open accounts. The bank is located in Naperville, IL.

It's a new bank that was just established in 2007. Consequently, it doesn't have a rating at BauerFinancial. Bankrate gives the bank 4 stars (sound) in its Safe & Sound ratings. The bank is FDIC insured (FDIC Certificate # 58429).

Tags: Illinois, Wheatland Bank, CD rates, IRA rates, checking account, savings account