2.35% 6-Month CD & 2.50% Money Market Account at CenTrust Bank in Illinois - Local Only

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CenTrust Bank is offering two competitive CD specials: a 2.35% APY 180-day CD and a 2.50% APY 12-month CD. Minimum deposit is $500 ($1,000 for a business account). The small print of the promotion page states that New Charter Accounts receive 0.25% higher rate. Details of the Charter Account requirements are listed at this bank page. These rates are listed in the bank's promotional page (pdf) as of 5/27/09.

The bank also has competitve tiered rates on its money market account: 2.50% APY over $100K, 2.25% APY $50K to $100K, 1.75% APY $10K to $50K and 0.75% $1K to $10K. These rates are listed in the bank's promotional page (pdf) as of 5/27/09.

In previous specials from this bank, a branch visit was required. So I would assume the same holds for these specials. The bank is located in Northbrook, Illinois which is in the northern suburbs of Chicago.

It's a fairly new bank that was established in 2006. Its financial ratings for soundness are a little weak: 2 stars (problematic) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both are based on 12/31/08 data. The bank is FDIC insured (FDIC Certificate # 58158).

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For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.
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4.50% CD with Terms of 4 to 12 Months at CenTrust Bank in Illinois
CenTrust Bank is offering a new CD special with a yield of 4.50% APY for terms of 4 to 12 months (your choice). The minimum deposit is $500, and the maximum is $100,000 per local household. Note, the promotional page (pdf) specifically states that the account must be opened in the branch. The small print of the promotion page states that New Charter Accounts receive 0.50% APY higher rate. Details of the Charter Account requirements are listed at this bank page.

Two weeks ago this bank was offering a 5% 6...

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5.00% 6 and 12-Month CD at CenTrust Bank in Illinois ($25K Max)
Update 9/28/08: This special CD is no longer listed at the bank's website. Please check the bank's website for the latest specials and rates.

CenTrust Bank is offering a special CD yielding 5.00% APY for terms of 6 or 12 months. The maximum deposit is $25,000 per local household. The minimum deposit is $500. The account must be opened in the branch. Please refer to the promotion page (pdf) for more details.

In addition to the 5% special, the bank is listing a 4.50% APY 24-month CD and a 4.00% APY CD...



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4.00% 12-Month / 4.50% 60-Month CD at an Illinois Bank (CenTrust).
Update 5/20/08: The CD rates have fallen. Please check the bank's website for the latest rates and specials.

CenTrust Bank is offering a special 4.00% APY 12-month CD. The minimum deposit is $500 for personal CD's and $1,000 for business CD's. You can also get another 20 basis points added if you have a Charter Account. Another 5 basis points is added for a Jumbo CD with a minimum deposit of $100,000.

The rate table also lists competitive long-term rates that includes a 4.50% APY 60-month CD.

It appears the bank requies a...





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