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5.60% 7-Month CD at an Illinois Bank (Prairie Bank and Trust Co.)


Prairie Bank and Trust Co. is offering a 5.60% APY 7-month certificate of deposit. The minimum is $5,000.

A reader provided the following details based on a converstion with the bank:
No checking requirement, however, CD can only be opened at bank locations (all in IL), according to rep I spoke to by phone. Promotion started last week, should continue for another one or two weeks, but there's no specified expiration date, according to this rep.

Branches are located in the Illinois cities of Bridgeview, Plainfield, Mokena and Chicago.

The bank has been FDIC insured since 1992.

Thanks to the reader who mentioned this special in the finding deals post.