2.75% 6-Month Add-On CD ($25K Max) at STC Capital Bank in Illinois

Update 11/21/09: The rate of the special CD has fallen to 1.75% APY.
Update 9/05/09: The rate of the special CD has fallen to 2.25% APY.
Update 7/04/09: The rate of the special CD has fallen to 2.50% APY.

STC Capital Bank is offering a special 2.75% APY 6-month CD. Maximum deposit is $25,000 with a limit of one offer per household. Additional deposits are allowed at any time, but the total additions including the initial deposit may not exceed $25,000. This special is listed on the bank's home page as of 4/21/09.

It appears a branch visit may be required to open an account. Branches are located in St. Charles, IL which is about 30 miles west of Chicago.

The bank's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both are based on 12/31/08 data. STC Capital Bank has been FDIC insured since 2006 (FDIC Certificate # 58127).

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Tags: STC Capital Bank, Illinois, CD rates