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Elgin State Bank the community leader in local business banking, Elgin, IL Elgin State Bank, The Business Bank located in 3 locations in Elign, IL
Elgin State Bank, "The Business Bank"  
 

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Certificates of Deposit

Elgin State Bank offers a wide range of safe and secure Certificates of Deposit (CDs) for our investment-minded customers. You can choose the length of term that suits you best. With a minimum opening deposit of as little as $500, you can start earning a solid return on your investment.

Make your money work harder for you with a call to one of our friendly investment professionals at 1-847-888-7950.

$500 Minimum Deposit CDs
    • 12-Month CD
    • 18-Month CD
    • 24-Month CD
    • 30-Month CD
    • 36-Month CD
    • 48-Month CD
    • 60-Month CD

$2,500 Minimum Deposit CDs
    • 91-Day CD
    • 182-Day CD

$100,000 Jumbo CD


$500 Minimum Deposit CDs


12-Month CD

For a term of just one year you can earn a higher compounding interest rate without risk. A low minimum deposit of just $500 makes this a great way to put your money to work for you. Interest payment options include adding it to the CD, mailing a check to you monthly or quarterly, or crediting your interest to another of your accounts. Early withdrawal penalty is equal to three months' interest.

  • $500 minimum deposit.
  • Interest payment options.
  • Early withdrawal penalty.
  • Automatically renewable.

Invest in a 12-month CD today. Get started by calling 1-847-888-7950 and speaking with one of our expert investment bankers.

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18-Month CD

Our 18-month CD offers secure, interest-earning savings for the serious investor. Low, $500 minimum deposit to open, your CD earns interest for 18 months. Interest payment options include adding interest back to CD quarterly, payment by check monthly or quarterly, or crediting the interest to another of your accounts. Early withdrawal penalty equal to six months' interest. Automatically renewable.

  • $500 minimum deposit.
  • Interest payment options.
  • Early withdrawal penalty.

Open your 18-month CD today by calling 1-847-888-7950 and speaking with one of
our friendly investment bankers.

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24-Month CD

An easy-to-start, no-risk investment that earns serious interest. Open a 24-month CD with just $500, and start earning money from day one. Interest payment options include adding interest back to CD quarterly, payment by check monthly or quarterly, or crediting the interest to another of your accounts. Penalty for early withdrawal equal to six months' interest.

  • $500 minimum deposit.
  • Interest payment options.
  • Early withdrawal penalty.
  • Automatically renewable.

Start making money with a 24-month CD today--call 1-847-888-7950 and speak with one of our expert investment bankers.

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30-Month CD

The perfect CD for individuals serious about safe, risk-free investments. Our 30-month CD offers secure, interest-earning savings and requires just a $500 deposit to open. This CD pays interest for all 30 months. Interest payment options include adding interest back to CD quarterly, payment by check monthly or quarterly, or crediting interest to another of your accounts. Penalty for early withdrawal equal to six months' interest.

  • $500 minimum deposit.
  • Interest payment options.
  • Early withdrawal penalty.
  • Automatically renewable.

Put your money to work for you with a 30-month CD--just call 1-847-888-7950 and speak with one of our friendly investment bankers.

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36-Month CD

A secure, no-risk free investment for customers with intermediate financial goals. This CD requires a $500 minimum deposit, and offers interest payment options including earned interest added back to CD quarterly, payment by check monthly or quarterly, or crediting the interest earned to another of your accounts. Penalty for early withdrawal equal to six months' interest.

  • $500 minimum deposit.
  • Interest payment options.
  • Early withdrawal penalty.
  • Automatically renewable.

Maximize your investment dollars with a 36-month CD; call 1-847-888-7950 and speak with one of our expert investment bankers today!

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48-Month CD

A CD designed for customers with long-term financial goals in mind. Requiring just a $500 deposit to open, this CD offers competitive interest rates. Flexible payment options include earned interest added back to CD quarterly, payment by check monthly or quarterly, or crediting the interest earned to another of your accounts. Penalty for early withdrawal equal to six months' interest.

  • $500 minimum deposit.
  • Interest payment options.
  • Early withdrawal penalty.
  • Automatically renewable.

Open your 48-month CD today by calling 1-847-888-7950 and speaking with one of
our friendly investment specialists.

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60-Month CD

A secure, long-term CD for maximum return on your investment. This CD requires a $500 minimum deposit, and is automatically renewable. Offers flexible interest payment options including earned interest added back to CD quarterly (compounding), payment by check monthly or quarterly, or crediting interest earned to your other accounts. Penalty for early withdrawal equal to six months' interest.

  • Interest payment options.
  • Early withdrawal penalty.
  • Automatically renewable.

Secure your long-term financial goals today with a 60-month CD; call one of our friendly investment experts at 1-847-888-7950 for details.

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$2,500 Minimum Deposit CDs


91-Day CD

This CD allows you to invest for a short period of time while earning a higher rate compared to other similar investments. Requires $2,500 minimum deposit. At maturity, interest payment options include adding interest earned back to CD, crediting it to another account, or paid by check. Penalty for early withdrawal equals one month's interest.

  • $2,500 minimum deposit.
  • Interest payment options.
  • Early withdrawal penalty.
  • Automatically renewable.

Start securing your tomorrow today with a 91-Day CD--just call one of our expert investment specialists at 1-847-888-7950.

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182-Day CD

For a $2,500 minimum deposit, our 182-day term CD is a safe and secure investment that pays a higher interest rate. Interest payment options include adding interest earned back to CD, crediting it to another account, or paid by check. Penalty for early withdrawal is equal to three months' interest. For added convenience this CD is automatically renewable.

  • $2,500 minimum deposit.
  • Interest payment options.
  • Early withdrawal penalty.
  • Automatically renewable.

Put your money to work for you today with a call to one of our friendly investment specialists at 1-847-888-7950.

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$100,000 Jumbo CD

Our extraordinary Jumbo CD offers our most serious investors the best terms and truly jumbo-size interest earnings. A $100,000 minimum deposit is required, with lengths of term varying from 30 days to 12 months. Interest paid at maturity, either into a CD, by check or credited to another of your accounts. Early withdrawal penalty varies based on term. Automatically renewable.

  • $100,000 minimum deposit.
  • Terms from 30 days to 12 months.
  • Maximum interest earning; paid at maturity.
  • Early withdrawal penalty varies.

Invest in your future today; call 1-847-888-7950 to speak with one of our banking professionals about your own Jumbo CD.

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