Dedicated to Deposits: Deals, Data, and Discussion

2.35% 6-Month CD & 2.50% Money Market Account at CenTrust Bank in Illinois - Local Only


CenTrust Bank is offering two competitive CD specials: a 2.35% APY 180-day CD and a 2.50% APY 12-month CD. Minimum deposit is $500 ($1,000 for a business account). The small print of the promotion page states that New Charter Accounts receive 0.25% higher rate. Details of the Charter Account requirements are listed at this bank page. These rates are listed in the bank's promotional page (pdf) as of 5/27/09.

The bank also has competitve tiered rates on its money market account: 2.50% APY over $100K, 2.25% APY $50K to $100K, 1.75% APY $10K to $50K and 0.75% $1K to $10K. These rates are listed in the bank's promotional page (pdf) as of 5/27/09.

In previous specials from this bank, a branch visit was required. So I would assume the same holds for these specials. The bank is located in Northbrook, Illinois which is in the northern suburbs of Chicago.

It's a fairly new bank that was established in 2006. Its financial ratings for soundness are a little weak: 2 stars (problematic) at BauerFinancial and 1 star (lowest) at Both are based on 12/31/08 data. The bank is FDIC insured (FDIC Certificate # 58158).

Other High Certificate of Deposit Rates

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.

Related Pages: money market accounts, Illinois, CD rates

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