3.71% 12-Month / 3.75% 18-Month CD at a Chicago Bank (Beverly Bank & Trust).

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Update 5/3/08: The CD rates have fallen. Please check the bank's website for the latest rates.

Beverly Bank & Trust Company N.A. has some competitive CD rates. The best rates include a 3.75% APY 18-month CD, a 3.71% APY 12-month CD and a 3.50% APY 9-month CD. The minimum deposit is $1,000, and the maximum is $99,999.

The bank has an online application that appears to allow people to open accounts without a branch visit. I have not called to see if they require a branch visit.

I last reported on this bank in October 2007 when it was offering a 5.53% CD.

Branches are located in Chicago. It's a small bank that was established in 2004. The bank is FDIC insured (Certificate # 57701).
Comments
Anonymous
Anonymous   |     |   Comment #1
These rates don't seem very competitive. They seem low.
Banking Guy
Banking Guy (anonymous)   |     |   Comment #2
Unfortunately, in the current rate environment, these are competitive as you can see in my last week's rate summary for 18-mo CDs. There are a few banks and credit unions with higher 12-mo CDs, but not many.
5.53% 12-Month CD at a Chicago Bank (Beverly Bank & Trust)
Beverly Bank & Trust Company N.A. is offering a 5.53% APY 12-month certificate of deposit. The minimum deposit is $1,000, and the maximum is $99,999. This rate appears to require the customer be a Founders or Platinum Preferred member. Platinum Preferred checking accounts are for those 55 and older. A yield of 5.41% APY is available for anyone without the checking requirement.

The bank has an online application that appears to allow people from any state to open an account.

Branches are located in Chicago. It's a small bank with 30 employees...



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