First Community Bank Homer Glen is advertising two CD specials with competitive rates: 1.50% APY for 18 months and 2.50% APY for 4 years. These aren't listed at the bank's website. These were advertised in the My Suburban Life newspaper. The ad is available online here. According to the ad, these specials will only be available from 6/6/2011 to 6/11/2011. Minimum deposit is $1,000, and new money is required. The one downside is they require that the customer open a primary checking account with direct deposit.
It's a small bank located in Homer Glen which is in the suburbs of Chicago.
The bank isn't in the best financial condition. It has an overall health score at DepositAccounts.com of 2 stars (out of 5) with a Texas Ratio of 78.81% (below average) based on March 2011 data. Please refer to our financial overview of First Community Bank for more details. The bank has been a FDIC member since 2008 (FDIC Certificate # 58788).
How These Compare
These First Community Bank special CD rates are close to the best nationally available CD rates. Alliant Credit Union currently offers the best rates for 18-month and 4-year terms: 1.55% APY for 18 months and 2.45% APY for 4 years. Both require a $25K minimum deposit. The rates are 10 basis points lower for a $1K minimum deposit.
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.