Browse through the stories below to view current deals for Illinois banks or select an item from the menu bar above to view current rates in Illinois.
Flanagan State Bank has started to offer a high-interest reward checking account under the Kasasa brand. The account is called Kasasa Cash. Like many of the new reward checking accounts, its balance cap is disappointing. Nevertheless, it’s always nice to see a new reward checking account. The bank also offers a savings account, called Kasasa Saver, that links to this checking account. Below is an overview of these accounts. Flanagan State Bank currently doesn’t list these accounts on its website. However, they’re listed at this Kasasa.com page with the following...Continue Reading
Peoples National Bank has just started to offer Kasasa accounts, and one of those accounts is a high-yield reward checking account that’s called Kasasa Cash. There’s also a savings account called Kasasa Saver which links to the checking account, and there’s another type of reward checking account called Kasasa Cash Back. Instead of high interest rate, this checking account offers rewards in the form of 2% cash back on debit card purchases (up to $6 of cash back per month). The nice thing about Kasasa is that these are free...Continue Reading
Last year when I first reported on the reward checking account at Frontier Bank, the online application allowed residents of three states to apply. Its online application now allows residents of 12 midwestern states to apply. This gives many more people access to a very competitive reward checking account. The reward checking is under the Kasasa brand, and it’s called Kasasa Cash. As of 3/18/2014, the account has a 3.05% APY on balances up to $20K if typical reward checking monthly requirements are met. There’s also a Kasasa Saver account...Continue Reading
Consumers Credit Union made several changes to its Free Rewards Checking Account that many savers should appreciate. First, you can now earn 5.09% APY for balances up to $10,000. Before this change you could only earn 3.09% APY for balances up to $5,000. However, qualifying for the 5.09% APY is not easy. If you don’t qualify for 5.09%, you can still qualify for 4.09% or 3.09%. If existing members have been earning 3.09% before, they can continue to earn 3.09% with no additional work. In that case the only change...Continue Reading
Yesterday I reviewed the reward checking account at First American Bank. The bank has another checking account deal. This one is a checking account bonus that pays up to $160. The reward checking account doesn’t qualify. You have to open either its Optimal Checking or its Free Checking account. The promotion is scheduled to end on March 3, 2014. It does require quite a bit of work and time. The details are listed at this bank’s promotion page. Below is a summary of what’s required:
To earn the full $160, you’ll...Continue Reading
First American Bank has a reward checking account called Everyday Rewards Checking. According to a bank’s CSR, people from any state can apply for this account online or by phone. Thus, I’m labeling this account "nationally available". This isn’t a hot deal so new applications shouldn’t flood the bank. Hopefully it will remain nationally available. Thanks to the DA reader who emailed me news of this account.
The current rate and balance cap are respectable, but there are some nationally available reward checking accounts with higher rates and balance caps. Another...Continue Reading
Fifth Third Bank has a new checking account promotion. They’ll give $150 to Stand Up To Cancer and $150 to you when you open a new checking account with direct deposit and make three online bill payments. The account must be opened by March 31, 2014. The direct deposit and the three online bill payments must be completed within 90 days of account opening to qualify for the bonus. Bonus will be deposited into the new checking account within 6 weeks of completing requirements. The full details of this offer...Continue Reading
Xceed Financial Credit Union just came out with a new CD special. It has a 1.50% APY and a 17-month term. Minimum deposit is $500. This special isn’t available in an IRA, but there is a special 14-month IRA CD with a 1.40% APY. Xceed is still offering a special 7-month CD and IRA CD with a 1.00% APY and a special 19-month CD and IRA CD with a 1.25% APY. These special CD rates are listed on the credit union's rates page and in the credit union's news &...Continue Reading
Fifth Third Bank has come out with some new CD specials. There are two changes from Fifth Third’s CD promotions from last fall. For most of Fifth Third’s market area, the bank is offering a 1.75% APY 5-year CD. For the Florida market, this long-term CD promotion is a 2.00% APY 6-year CD. The other CD promotions are the same as last fall with a 1.50% APY 4-year CD, a 1.25% APY 38-month CD and a 1.00% APY 28-month CD. Minimum deposit is $5,000, and a new or existing checking...Continue Reading
BBCN Bank has two good deposit deals. The first is a money market account special for consumers only. The bank is guaranteeing a 1.00% APY until 12/31/2014 for balances of $50,000 to under $1 million. The second special is a CD promotion for consumer and business customers. It’s a 12-month CD with a 1.10% APY. Minimum deposit is $50,000, and the maximum is $250,000 per customer. Both offers require new money to the bank. The promotion is scheduled to end when the bank’s deposit goal amount is met or on...Continue Reading
In today's interest rate environment, most all short-term CDs have rates under 1%. I found one exception at Xceed Financial Credit Union which has a special 7-month share certificate with a 1.00% APY. It’s also available in an IRA. Minimum deposit is $500. This special CD rate is listed on the credit union's rates page and in the credit union's news & events page as of 11/01/2013.
Xceed has a history of CD specials. I reviewed the last one in 2012.
The credit union has two features that make it convenient for...Continue Reading
Alliant Credit Union’s checking account called High Rate Checking has a long history of competitive rates and useful features. There’s another reason to consider this checking account. Alliant is offering a $50 bonus for open checking and meet the following two requirements by December 31, 2013: