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Thursday, January 08, 2009

4.00% 19-Month CD at Foster Bank in Chicago

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Update 1/14/09: This special CD rate has gone down. Please check the bank's website for the latest rates.

Foster Bank is offering a special 19-month CD with an APY of 4.00%. Minimum deposit is $1,000, and the maximum is $100,000. The bank is also listing a special 10-month CD with an APY of 3.25%. The 19-month CD rate is listed at the bank's promotion page as of 1/08/09. The links to this page and to the 10-month CD page are listed on the bank's home page.

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: 4 stars (sound) at Bankrate and 3.5 stars (good) at BauerFinancial. Both ratings are based on 9/30/08 data. Foster Bank has been FDIC insured since 1989 (FDIC Certificate # 27447).

Credit for this find goes to the Chicago CD Rates blog.

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Please check the institution's website for the latest rates and specials. This post may be out of date. Please check the Bank Deals home page for current rates and specials. Please refer to my About page and this site's disclaimer for more details.


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