Dedicated to Deposits: Deals, Data, and Discussion

2.50% 18-Month CD & 2.25% Money Market Account at AztecAmerica Bank in Chicago - Local Only

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AztecAmerica Bank
AztecAmerica Bank is offering two competitive deposit specials. One is the Max-Elite Money Market Account which has a 2.25% APY on balances of at least $25,000. The rate is guaranteed for 90 days. A checking account is required with a minimum initial deposit of $5,000. The money market rate without the checking is 2.00% APY. There's a $35/month fee if the money market balance falls below $25,000. This special is listed on the bank's front page as of 10/04/09.

The other promotion is an 18-month CD with a 2.50% APY. Minimum deposit is $2,500. No checking account is required for this promo. This CD special doesn't seem to be listed at the bank's website. I contacted the bank on Friday (10/02/09) and received the above details.

A branch visit is required to open an account. Branches are located in Berwyn and Chicago, Illinois.

The bank's ratings for safety and soundness are weak: 0 star (lowest) at BauerFinancial (based on 6/30/09 data) and 1 star (lowest) at Bankrate.com (based on 3/31/09 data). The bank has been a FDIC member since (FDIC Certificate # 57866).

Thanks to the reader who mentioned these specials in the bank deals hub page

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  Tags: money market accounts, Illinois, CD rates, AztecAmerica Bank

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