2.75% 17-Month CD at First Bank of Highland in Illinois - Local Only

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First Bank of Highland Park is offering three competitive CD and IRA specials. These include a 2.25% APY 9-month CD, a 2.75% APY 17-month CD and a 3.75% APY 60-month CD. Minimum deposit is $5,000. These rates are listed on the upper right side of the bank's front page as of 6/15/09.

It appears a branch visit is required to open an account. Branches are located in the northern Chicago suburbs of Highland Park and Northbrook.

The bank has fair ratings for safety and soundness: 3½ stars (good) at BauerFinancial (based on 3/31/09 data) and 3 stars (performing) at Bankrate.com (based on 12/31/08 data). The bank has been a FDIC member since 1955 (FDIC Certificate # 17470).

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Anonymous   |     |   Comment #1
Website now shows 2.75% for 16 months
6.00% 36-Month CD at an Illinois Bank (First Bank of Highland Park)
First Bank of Highland Park is now offering a 6.00% APY 36-month certificate of deposit. The minimum is $5K. The early withdrawal penalty is 3 months of interest.

When I reported on this bank last Tuesday, the CD special was 6% for 48 months. A reader mentioned that the bank then discontinued all of the 6% CDs. As I mentioned in that previous post, the bank and its 6% CD were mentioned in this Bankrate.com article last Friday. So this may have caused the bank to changes things. But the reader...

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6.00% 48-Month CD at an Illinois Bank (First Bank of Highland Park).
First Bank of Highland Park is offering a 6.00% APY 48-month ceritificate of deposit. The minimum balance is $5K. It's also offering a 5.75% APY 36-month CD, a 5.50% APY 12-month CD and a 5.25% APY 8-month CD. All have the same $5K minimum. The early withdrawal penalty is 3 months of interest.

These specials are being offered for a limited time. Since the bank was just noted in a Bankrate.com article last Friday, it may not last long. The special has already changed. It use to be a 6%...

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5% 24-Month CD in a North Chicago Bank
First Bank of Highland Park has two CD specials. The first is a 2-year CD with a rate of 5.00% APY. The second is a 12-month CD with a rate of 4.75% APY. Both have a minimum balance requirement of $5K and are for new accounts only.

The interest rates are low for this bank's standard CDs and accounts. So it might not be a bank that you would want to use for the long term. It does have a Prime Savings Account that pays 4.59% on money above $50K and...

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