Dedicated to Deposits: Deals, Data, and Discussion

2.50% 7-Month CD at Ridgestone Bank in IL & WI - Local Only

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RidgeStone Bank
Ridgestone Bank is offering a special 2.50% APY 7-month CD. There's also a special 13-month CD with a 2.25% APY. These are available for personal, IRA and business accounts. New money is required. Minimum deposit depends on the branch. At Brookfield, the minimum deposit is $20,000. At Schaumburg, the minimum is $40,000. These rates are listed at the bank's Brookfield rate table (pdf) and Schaumburg rate table (pdf) as of 3/29/09.

A branch visit is required to open an account. Refer to the bank's Contact Us Page for the locations of the Brookfield, Wisconsin and Schaumburg, Illinois branches.

Ridgestone Bank has some decent ratings for safety and soundness: 3.5 stars (good) at BauerFinancial (based on 12/31/08 data) and 4 stars (sound) at Bankrate.com (based on 9/30/08 data). The bank has been FDIC insured since 1995 (FDIC Certificate # 34101).

  Tags: Illinois, Wisconsin, CD rates, RidgeStone Bank

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