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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Comments
Comment #1 by Anonymous posted on
Anonymous
I’m getting really competitive rates with a product called easyGROW Checking at First Bank & Trust. You can go to www.easyGROWchecking.com for the info (including the current interest rate); but to summarize, it is a free high-yield account that also offers ATM fee refunds when I meet the three qualifications: using my debit card at least ten times, receiving e-Statements, and having a least one direct deposit or automatic payment each cycle. I do all of those things anyway, so it’s been really easy for me to qualify…and they send me an email each month to let me know if I met the qualifications. I have to admit, I love not having to worry about whether or not an ATM is on my network, and the interest is already starting to add up. It only takes $100 deposit to open the account, and there is no minimum balance

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Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Please refer to my High Yield Checking Website. I have First Bank & Trust on both the state list and the nationwide list. On the right of the tables, a link takes you to the review of First Bank & Trust and the easyGROWchecking.

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Comment #3 by Anonymous posted on
Anonymous
Friends, when i started with Malvern
Federal their rewards checking rate was 4.5% that was 2.5 months ago. Now they are down to 3%.I have 3 accts there but will be moving them to Patriot bank (up to 50K @4.01% and Farmers and Merchants in Va. also the same deal. I sure hope these banks do not lower their rates!! I guess Malvern is not serious. Banking guy, whats your best educated guess on these reward rates.?I know they are dropping but some banks are not. thanks barrytuneup@yahoo.com

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