Premier Bank is offering two competitive CD and IRA specials: 2.05% APY for 12 months and 2.15% APY for 18 months. Minimum deposit is $5,000. These specials are listed in the bank's rate sheet as of 12/01/09. The rate sheet link is located on the front page in the piggy bank image on the right.
My last post on this bank was about one year ago when they had a 4.40% 13-month CD special. You can see how much rates have declined in the last year. That old special ended around December 10th, so hopefully, this new one has some time left.
It appears a branch visit is required to open an account. Branches are located in Chicago and Wilmette, Illinois.
Premier Bank's financial ratings for soundness are fair: 3 stars (adequate) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 6/30/09 data. The bank has been a FDIC member since 2000 (FDIC Certificate # 35419).
Other Competitive Certificate of Deposit Rates