Lakeside Bank (Illinois) has just added an 8-month CD Special (1.05% APY with a qualifying relationship; 0.90% APY without qualifying relationship).
The minimum deposit for is $2.K of new money, with a balance cap of $250K.
According to CSR, the Early Withdrawal Penalty is three months interest.
Illinois-based Lakeside Bank is a locally owned community bank, which has a market area that includes the greater Chicago metropolitan area.
Opening a CD, or any other type of account, with Lakeside Bank requires a visit to any of six Illinois branches, all located in Chicago, including a branch in the Illinois Board of Trade Facility.
Currently, Lakeside Bank’s online banking platform is limited to account management and bill payment services.
Lakeside Bank (FDIC Certificate # 19571) has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 6.70% (excellent) based on September 30, 2015 data. In the past year, Lakeside Bank has increased its total deposits by $43.39 Million, an excellent annual growth rate of 4.3%. Please refer to our financial overview of Lakeside Bank for more details.
Established in 1966, Lakeside Bank was formed with a vision to transform Chicago’s South Side. R. R. Donnelly & Sons held the majority stock ownership and the Bank was named after the Lakeside Press, Donnelly’s successful publishing company. Within 20 years of operation, Lakeside Bank’s assets totaled over $100 Million. Today, Lakeside Bank has assets in excess of $1.2 Billion and continues to reinvest 100% of its deposits within the community.
How the CD Compares
When compared to the 470 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to Illinois residents, Lakeside Bank’s 48-month CD currently ranks second.
The above rates are accurate as of 12/9/2015.
To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.