This week, Collinsville Building & Loan Association celebrates its 130th anniversary, and to commemorate the occasion is offering a 13-month CD Special (1.30% APY). The minimum opening deposit is $1K and there is no maximum balance cap.
According to CSR, the Early Withdrawal Penalty on the 13-month CD Special is 6 months interest.
Although located in the St. Louis (Missouri) Metro-East area, Collinsville Building & Loan Association’s (CB&L) market area is limited to the southwestern Illinois counties of Madison and St. Clair.
Opening any type of account with CB&L requires an in-person visit to either Illinois branch located in Collinsville and Troy.
On May 15, 2015, CB&L is serving a complimentary lunch (11 am -3 pm) at both branch locations. In addition to the picnic lunch, CB&L coolie cups and other "goodies" will be available. There is also a drawing for a $50 gift card from a local restaurant.
The Board Members and Staff of Collinsville Building and Loan would like to thank our customers and our community for being a part of our 130 years of success!
Building and Loan Overview
Collinsville Building & Loan Association has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 2.23% (excellent), based on December 31, 2014 data. CB&L has a excellent capitalization level of 27.57%, a result of holding $119.82 Million in assets, with $33.03 Million in equity. Please refer to our financial overview of Collinsville Building & Loan Association for more details.
Founded in 1885, the Collinsville Building & Loan Association (FDIC Certificate # 28103) is Collinsville’s oldest financial institution. Growing quickly in its first year of operation, the inaugural annual financial statement in 1886 listed loans in force of $8,100. Even the Great Depression seemed to have had little impact on the growth of CB&L, with assets growing to $878,000 in 1933. 100 years after opening its doors, CB&L acquired the Troy Savings and Homestead Association in 1985..
How the CD Compares
When compared to other similar length of term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to Illinois residents, Collinsville Building & Loan Association’s 13-month CD Special is competitive.
The above rates are accurate as of 5/13/2015.
To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.