Dedicated to Deposits: Deals, Data, and Discussion

3.20% 24-Month & 2.71% 12-Month CD at Wheatland Bank in Illinois

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Wheatland Bank is offering a few competitive CD rates. The most competitive are the 12-month CD with a 2.71% APY and the 2-year CD with a 3.20% APY. Terms over 2-years also have a 3.20% APY. Minimum deposit is $2,500. Rates apply to personal, business and IRA CDs. These rates are listed at the bank's rate table as of the morning of 5/05/09.

The bank also has a decent rate on its money market account. It's currently 2.00% APY for balances over $2,500. When I last posted on this bank in September 2008, the rate was 3.44% APY. So it has some history of competitive rates.

It appears a branch visit is required to open accounts. The bank is located in Naperville, IL which is in the Chicago metropolitan area.

It's a fairly new bank that was just established in 2007. Consequently, it doesn't have a rating at BauerFinancial. Bankrate gives the bank 3 stars (performing) in its Safe & Sound ratings. This is based on 12/31/08 financial data. The bank is FDIC insured (FDIC Certificate # 58429).

Thanks to the reader who mentioned this bank in the Daily Deals & News Post.

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.

  Tags: money market accounts, Illinois, Wheatland Bank, CD rates, IRA rates

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