2.60% 19-Month CD & 2.40% 10-Month CD at Foster Bank in Chicago - Local Only


Foster Bank is offering two CD specials with competitive rates: 2.60% APY for a 19-month term and 2.40% APY for a 10-month term. Minimum deposit is $1,000, and the maximum is $100,000. The specials are listed in two promo pages that are linked in the bank's home page as of 5/17/09.

It appears that a branch visit is required to open an account. Branches are located in Chicago, Arlington Heights, Niles, Naperville and Lincolnshire.

The bank has some solid ratings for soundness: 3 stars (performing) at Bankrate and 3.5 stars (good) at BauerFinancial. Both ratings are based on 12/31/08 financial data. Foster Bank has been FDIC insured since 1989 (FDIC Certificate # 27447).

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