West Town Savings Bank is offering some competitive long-term CDs. The most competitive is a 4.06% APY 7-year CD. The 5-year CD is a little less competitive at 3.29% APY. Minimum deposit is $1,000, and these are also available in an IRA. These rates are listed at the bank's rates page as of 5/02/2010.
It appears that a branch visit is required to open an account. Branches are located in the Illinois cities of Cicero and North Riverside which are in the western suburbs of Chicago.
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 12/31/09 financial data. The bank has been a FDIC member since 1951 (FDIC Certificate # 28151).
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