TCF Bank is promoting a top short term CD rate in the Chicago area and in Wisconsin.  The bank offers a CD for a 7 month to 11 month term CD with a rate of 4.00%.  The first ad was spotted in the Chicago Tribune on November 16, 2008 and today it can be found in the Milwaukee Wisconsin Journal Sentinel.  It’s a big rate on a short term CD but the minimum deposit is equally big at $50,000.00.  Fortunately, TCF Bank is also promoting the same term CD, 7 month to 11 month, which pays an interest rate of 3.75% for deposits of only $500.00.  The 7 month CD at 4.00 places it as one of the best CD rates in Wisconsin.  Illinois is a more competitive market and a 4.00% interest rate is certainly an exceptionally good yield that places TCF Bank in the top 10 but not the best CD rate.  TCF Bank can be reached at 800-823-2265 or through their website at www.tcfbank.com or by visiting one of the bank branch locations in Illinois or Wisconsin.  TCF Banks are affiliated with TCF Financial Corporation, a financial holding corporation based in Minnesota.  TCF has 445 banking offices in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana and Arizona.  TCF also conducts leasing and equipment finance business in all 50 states.  Certain restrictions may apply; contact a bank representative for details.

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