Competitive 2-Year CD Rate at International Bank of Chicago - Local Only

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Sometimes a bank becomes a rate leader when it raises its rates above its competitors. However, sometimes it becomes a rate leader when it is the only one that doesn't lower its rates. That is currently the case at International Bank of Chicago which has been offering four CD specials over the last year. The most competitive one is the bank's 2-year CD which has a 1.50% APY. The other ones include a 1.25% APY 18-month CD, 1.00% APY 1-year CD and a 0.75% APY 6-month CD. Minimum deposit is $10,000. These rates are listed in the bank's rates page as of 10/18/2011.

In the past I've been told that this bank requires a branch visit to open an account. International Bank of Chicago has four branches in Chicago, Stone Park and Bellwood.

The bank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 15.77% (average) based on June 2011 data. Please refer to our financial overview of International Bank of Chicago for more details. The bank has been a FDIC member since 1992 (FDIC Certificate # 33708).

How These CD Rates Compare

These 2-year and 18-month CD rates are very competitive compared to what's nationally available at banks. The best bank 18-month CD rate is 1.30% APY at First Trade Union Savings and the best bank 2-year CD rate is 1.35% APY at CNB Bank Direct. Higher rates are available at all-access credit unions. The best one for these terms is Alliant Credit Union which offers a 1.55% APY 18-month CD and a 1.70% APY 2-year CD ($25K minimum). Alliant Credit Union also has branches in Chicago.

These rates are accurate as of 10/18/2011.

Searching for Top CD and IRA CD Rates

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com. For IRA CD rates please refer to the best IRA rates section.

Comments
Anonymous
Anonymous   |     |   Comment #1
I opened a 2 year CD in person today at one of the branches and because my account qualified as a jumbo, I was given an unadvertised .25% bump for an APY of 1.75%.
2.50% 18-Month CD & 2.75% 24-Month CD at International Bank of Chicago - Local Only
International Bank of Chicago continues to list four competitive CD rates: a 2.00% APY 6-month CD, a 2.25% APY 12-month CD, a 2.50% APY 18-month CD and a 2.75% APY 24-month CD. Minimum deposit is $10,000. These rates are listed at the bank's rate table as of the morning of 8/03/09.

A reader who left a comment in my July post of this bank mentioned that the bank is keeping the 2.75% 24-month rate into August. The bank tends to change their CD rates very infrequently. Their last rate cut was...

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2.50% 12-Month CD & 3.00% 24-Month CD Continue at International Bank of Chicago
Update 7/10/09: The CD rates have fallen by 25 basis points. Please refer to the bank's website for the latest rates.

International Bank of Chicago continues to list four competitive CD rates: a 2.25% APY 6-month CD, a 2.50% APY 12-month CD, a 2.75% APY 18-month CD and a 3.00% APY 24-month CD. Minimum deposit is $10,000. These rates are listed at the bank's rate table as of 7/02/09.

I posted on these rates in this May post. As I mentioned in that post, this bank tends to change their CD rates...



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3.00% 24-Month CD & Other Competitive CD Rates at International Bank of Chicago
International Bank of Chicago is listing four competitive CD rates: a 2.25% APY 6-month CD, a 2.50% APY 12-month CD, a 2.75% APY 18-month CD and a 3.00% APY 24-month CD. Minimum deposit is $10,000. These rates are listed at the bank's rate table as of 5/18/09.

A reader who mentioned these rates noted that the bank tends to change their CD rates very infrequently. So as rates at other banks drop, these rates get more and more competitive.

The bank has an deposit application form with instructions for opening an account...



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5.61% 24-Month CD at a Chicago Bank
The International Bank of Chicago is offering 5.61% APY 2-year CD. The minimum deposit is $10K. This doesn't seem to be a special rate.

The bank has four branches in the Chicago area.

Highest Rate 24-Month CD

The best yield for a 24-month certificate of deposit currently listed at Bankrate.com is 5.30% APY at UmbrellaBank.com. Melrose Credit Union (open to all, see post) has a 2-year CD with an APY of 5.46%. State Bank of Long Island has a 5.50% APY 24-month CD available to New York residents (see post).





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