Community First Bank Chicago Savings
The Community First Bank in Chicago has a great savings account deal right now. In particular, the Statement and Passbook savings accounts are yielding a nice return for those who sign up. The current rate as of April 29 is 2.50% APY. The minimum balance to hold this great rate is $300.
of course you can work your way up from a smaller amount if you don’t have the lump sum of money to invest. In order to open an account all you need is $50 dollars. There is a $5 dollar fee if you do not maintain the amount of $300 dollars however.
Interest is compounded quarterly on this account, but in order to receive this special offer you will need to visit a branch in your area of Chicago Illinois.
This is fairly a new bank, as it was established in 2005 which may account for the low ratings that Bauer Financial gave it, but rest assured your money is covered up to $250,000 dollars whether you invest in a high yield savings account or a certificate of deposit, just as any other FDIC approved bank.