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Looking for a secure savings strategy? FDIC-insured CDs are a great option to add to your savings plan. We offer CDs ranging from 1 month to 60 months, all to enhance your financial objectives. From time to time we offer special fixed rate certificates of deposits with higher minimum balances for other monthly terms. Call a Personal Banker today for more information on our CD specials.

Certificates of Deposit

We regularly offer a wide range of fixed-rate certificates of deposit, including the following terms

  • 1 Month
  • 2 Months
  • 3 Months
  • 6 Months
  • 12 Months
  • 18 Months
  • 24 Months
  • 36 Months
  • 48 Months
  • 60 Months

 

From time to time we offer special fixed rate certificates of deposits with higher minimum balances for other monthly terms.

 

Passbook Certificate of Deposit Account

  • Minimum Deposit to open is $10,000.
  • Competitive interest rate
  • Interest is compounded and paid monthly
  • You receive a personalized passbook where all of your transactions are recorded.
  • Make up to two in-person withdrawals per month
  • Unlimited deposits
  • FREE Online Banking and Telephone Banking Services

Maxsafe® Accounts

MaxSafe Logo

 

MAXSAFE® DEPOSIT ACCOUNTS WITH UP TO $3.75 MILLION IN FDIC INSURANCE.

 

Safety and security of your deposit account is paramount today.  Making sure your deposits are covered by the FDIC is something every one and every company should do.  By titling accounts properly a typical couple may quickly achieve $1,000,000 in FDIC insurance from our bank.  But, what if you have a larger deposit, are seeking FDIC insurance and don’t know what to do?

 

The MaxSafe Account is designed for those seeking a Certificate of Deposit (CD) or Money Market Account (MMA) with additional FDIC insurance.  MaxSafe is an innovative and unmatched investment alternative that provides up to

15 times the FDIC security of a traditional banking deposit.  We’ll also simplify your life by providing one summary statement and one 1099 form at tax time.

In today’s volatile marketplace, the added security and convenience of up to $3.75 million in FDIC insurance means peace of mind. How can we offer this unparalleled level of protection? By depositing your funds across a group of 15 affiliated community banks. Fifteen banks equals fifteen times the usual $250,000 level of FDIC maximum protection.  However, you must consider the funds you have on deposit at our bank.

 

Some common frequently asked questions about MaxSafe are:

 

What are the particulars of the MaxSafe® CD?

It is an automatically renewable, fixed-rate Certificate of Deposit (of a chosen term) with FDIC insurance of up to $3.75 million per titled account. It is available for consumers, businesses and not-for-profits. It is not currently available for IRA’s, however. A minimum deposit of $100,000 is required to open a MaxSafe CD.

 

What is the MaxSafe® Money Market Account?

It is a Money Market Account (MMA), with the typical limitation of transactions per month like a normal money market account (please ask a personal banker for more details) insurance of up to $3.75 million per titled account. It is available for consumers, businesses and not-for-profits.  A minimum deposit of $250,000 is required to open a MaxSafe MMA.  A minimum service charge of $75 will be assessed if the balance falls below $250,000.

 

How can you offer such a high level of additional FDIC protection?

With 15 separate, but affiliated, community banks in Illinois and Wisconsin, we are able to combine each bank’s individual FDIC protection and offer our customers the benefit of 15 times the normal $250,000 level of FDIC Insurance. All fifteen of these banks are all fully FDIC Insured and “well capitalized” per the FDIC and other government regulatory bodies.  A custody account from our affiliate, Wayne Hummer Trust Company, N.A., is opened via a MaxSafe professional, and funds are deposited on your behalf across these 15 banks.  

 

Is this legal? Is the FDIC OK with this?

This is absolutely legal and is perfectly in compliance with FDIC rules and regulations. While almost no banks in the Chicago area offer this service as of yet, a number of national brokerage houses offer a similar extra-FDIC insured program.



For more information and frequently asked questions, please stop by the bank and speak with a personal banker.  For more information on FDIC Insurance coverage, please visit http://www.fdic.gov.

Money Market Checking

  • An interest-bearing checking account that pays interest on tiered balances
  • No minimum deposit to open
  • There is a minimum daily balance requirement to avoid a monthly service charge1
  • Unlimited in-person teller withdrawals and up to six preauthorized withdrawals and/or checks written each month.
  • No charges per check written

 

1  A $7.00 fee will be imposed each statement cycle if the daily balance in the account falls below $1,000 any day of the statement cycle. Fees, such as overdraft charges, and fees for special services may apply.