Dedicated to Deposits: Deals, Data, and Discussion

4.00% 19-Month CD at Foster Bank in Chicago

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Update 1/14/09: This special CD rate has gone down. Please check the bank's website for the latest rates.

Foster Bank is offering a special 19-month CD with an APY of 4.00%. Minimum deposit is $1,000, and the maximum is $100,000. The bank is also listing a special 10-month CD with an APY of 3.25%. The 19-month CD rate is listed at the bank's promotion page as of 1/08/09. The links to this page and to the 10-month CD page are listed on the bank's home page.

It appears that a branch visit is required to open an account. Branches are located in Chicago, Arlington Heights, Niles, Naperville and Lincolnshire.

The bank has some solid ratings for soundness: 4 stars (sound) at Bankrate and 3.5 stars (good) at BauerFinancial. Both ratings are based on 9/30/08 data. Foster Bank has been FDIC insured since 1989 (FDIC Certificate # 27447).

Credit for this find goes to the Chicago CD Rates blog.
  Tags: CD rates

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Comments
Comment #1 by Anonymous posted on
Anonymous
It appears this rate has ended.

1