4.06% 24-Month CD at Seaway Bank and Trust Company in Chicago

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Seaway Bank and Trust Company has three competitive CDs called Super Savers. These include a 3.55% APY 12-month CD, a 3.80% APY 18-month CD and a 4.06% APY 24-month CD. Minimum deposit is $5,000. New money is required. These rates are listed in the bank's rate table as of 1/09/09. The rate table has an effective date of 1/05/09. On the bottom of the rate table it states "IRAs are available for any of the above terms. Additional deposits may be made to any IRA."

It appears that a branch visit is required to open an account. Branches are located in Chicago, Illinois.

The bank has some fair ratings for soundness: 3.5 stars (good) at BauerFinancial and 3 stars (performing) at Bankrate. Both ratings are based on 9/30/08 financial data. The bank has been FDIC insured since 1965 (FDIC Certificate # 19328).
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