Dedicated to Deposits: Deals, Data, and Discussion

1.96% 6-Month CD at Washington Federal Bank for Savings in Chicago - Local Only

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Washington Federal Bank for Savings
Washington Federal Bank for Savings is offering a special 1.96% APY 6-month CD. Minimum deposit is $1,000, and new money is required. The special is listed on the bank's front page as of 8/26/09.

A branch visit is required. Branches are located in Chicago, Illinois at 2869 South Archer Avenue (773-254-3422) and at 1410 West Taylor Street (312-455-2940).

The bank's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The bank was established in 1913 and has been a FDIC member since 1961 (FDIC Certificate # 30570).

Other Competitive Certificate of Deposit Rates

It's sad to see a competitive CD rate under 2%, but that is the reality in our current low interest rate environment. The top 6-month CD rate at Bankrate.com is currently only 1.80% APY from UFBDirect.com. I do have a few nationwide 6-month CDs with rates around 2% in my weekly rate summary. Refer to the following posts for other competitive CDs:

  Tags: Illinois, CD rates, Washington Federal Bank for Savings

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