bank rates

Suburban Chicago Deal On 2-Year CDs

Great American Bank is offering the best 24-month CD rates we’ve seen in more than a year to savers who live in the western suburbs of Chicago.

Great American Bank in Naperville is paing 3.00% APY on 2-year CDs.It’s paying 3.0% APY on deposits of $500 to $5,000.

We can’t recall anyone paying that much on a 2-year certificate of deposit since the summer of 2009.

Great American is offering more than twice as much as you can earn on the best nationally available 24-month CD rates.

It’s even more than you can earn with the best nationally available 60-month CD rates.

But you must buy these CDs in person at Great American’s one office — 2695 Forgue Dr., Naperville, Ill. (Call 630-352-5700 before you go to make sure the deal is still good.)

Great American is a branch of Mutual Federal Bank, which has a single office on Cermak Road in Chicago. This deal is not available there.

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Comments (4)
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4 Existing Comments
  1. john said:
    on December 8th at 07:33 pm

    what’s the point to have this kind of interest for up to $5000. it’s pretty much useless.

  2. Rachel J. said:
    on December 9th at 09:04 am

    Well john, I have a $5,000 CD coming due this month and I’d love to earn 3% interest on that money. But I don’t live in Chicago. So I won’t.

  3. Bry said:
    on December 10th at 10:47 am

    hmm…. I’d love it also it I was in Chicago for 10 CD at $5,000 is all the same as 50,000 and 1 cd

  4. Tim said:
    on January 31st at 01:15 pm

    I opened up a CD at this bank. The people there are extremely helpful and friendly. I would encourage everyone to visit.