Dedicated to Deposits: Deals, Data, and Discussion

2.33% Checking Account with Rate Guaranteed to March 2010 at Austin Bank of Chicago - Local Only

POSTED ON BY

ABC Bank (IL)
Update 11/11/2009: It has been reported that this special has ended.

Austin Bank of Chicago is offering a 2.33% APY guaranteed to 3/01/2010 on its interest checking account. Minimum balance is $5,000, and the maximum is $250,000. This promotion doesn't seem to be listed at the bank's website. It was advertised on 11/06/09 in the My Suburban Life Publication. The ad is available online here.

It appears that a branch visit is required to open an account. Branches are located in Chicago and Bensenville.

The bank's ratings for safety and soundness are a little weak: 3 stars (adequate) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 1934 (FDIC Certificate # 11694).

Other Competitive Checking and Savings Account Rates
  Tags: ABC Bank (IL), Illinois, checking account

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Comments
Comment #1 by Anonymous posted on
Anonymous
Deal is gone. Yesterday was the last day according to CSR.
Great but slow service. 1h to open account. Bring a book.

1