North Shore Bank (WI/IL) Ups 10-Year CD Special Rate
Wisconsin-based North Shore Bank is currently offering five CD Specials, with the 10-year CD (1.50% APY) and 7-year CD (1.25% APY) having the most competitive rates. In the past week, a total of 50 bps were added to the 10-year CD Special in two rate increases. Any CD Special can be opened with a $5k minimum deposit, with no stated balance cap.
|2.10%||$5k||-||North Shore Bank, FSB||10 Year CD Special|
|2.10%||$5k||-||North Shore Bank, FSB||7 Year CD Special|
The 10-year CD and 7-year CD Specials are also offered as IRA CD Specials (Traditional and Roth), earning the same APYs with the same deposit requirements.
According to CSR, the Early Withdrawal Penalty is 12 months interest on the amount being withdrawn. Interest is compounded quarterly and earned dividends can be withdrawn penalty-free.
Headquartered in Brookfield, Wisconsin, North Shore Bank’s market area includes the eastern Wisconsin counties of Brown, Dodge, Kenosha, Kewanee, Manitowoc, Milwaukee, Monroe, Oconto, Outagamie, Ozaukee, Racine, Shawano, Walworth, Washington, Waukesha, and Winnebago, and McHenry County in Illinois.
Opening a CD Special can be done at any of the 44 Wisconsin branches or two Illinois branches, with appointments strongly recommended. Scheduling an appointment can be online or by calling a branch.
North Shore Bank has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 1.79% (excellent), based on December 31, 2020 data. In the past year, North Shore Bank has increased its total non-brokered deposits by $231.15 million, an excellent annual growth rate of 13.16%. Please refer to our financial overview of North Shore Bank (FDIC Certificate # 28679) for more details.
North Shore Bank was established in 1923 as The North Shore Building & Loan Association, by a group of local teachers in a backroom of a local hardware store. In 1983, the Bank began a 33-year expansion, which included the acquisition of eight banks in Wisconsin and Illinois and two name changes. North Shore Bank is currently the ninth largest bank in headquartered in Wisconsin, with assets in excess of $2.4 billion and more than 121,000 customer accounts.
How the CD Special Compares
When compared to the long-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the Bank’s market area, North Shore Bank's 10-year CD Special APY ranks first and the 7-year CD Special APY ranks third.
The above rates are accurate as of 3/18/2021.
To look for the best CD rates, both nationwide and state-specific, please refer to our CD Rates Table page.
FWIW, I would not tie up money for 10-years at either 1.50% or 1.70%, but this offer does not seem compelling at the current time.