bank rates

Illinois Deal On Short-Term CD Rates

Cole Taylor Bank pays 1% on 6-month CDs.Cole Taylor Bank’s special 6-month CD rates are only available online and only to Illinois residents.

It’s paying 1.00% APY with a $1,000 minimum deposit of new money.

The top nationally available 6-month CD rate on our CD Rates Leaderboard is just 0.85% APY.

Virtual Bank owns that rate and requires a substantially higher $10,000 minimum deposit.

Keep in mind that Cole Taylor Bank lowers its 6-month rate to 0.25% APY if you walk into one of its nine banking centers in the Chicago area.

Learn more about Cole Taylor Bank at or call 847-653-7978.

That rate is just one-tenth of a percentage point less than you’d earn with the best nationally available savings account. Your money would be locked in for six months, but the rate is guaranteed.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

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Comments (4)
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4 Existing Comments
  1. Kathy at Bankaholic said:
    on February 5th at 12:29 pm

    This rate is still available.

  2. Kathy at Bankaholic said:
    on February 21st at 08:49 am

    Cole Taylor Bank’s special 6-month rate is still available.

  3. Kathy at Bankaholic said:
    on March 5th at 10:33 am

    The special rate is still being offered.

  4. Darci Swisher said:
    on June 9th at 05:45 pm

    Cole Taylor Bank is now paying 0.85% APY for this special 6-month online CD.