While reading shopping ads in the Chicago tribune we stumble upon a bank ad offering some significant CD rates in Illinois.  In the ad, Parkway Bank is promoting a 14 month CD as well as 30 month CD.  The 14 month CD has a 4.08% APY.  The 30 month CD has a 4.35% APY.  Minimum deposits required on both are $1,000.00. These rates can be found published on the banks website as well as in the advertisement dated November 28, 2008.  All interest rates are subject to change without notice; call the bank at 888-498-9800 for details.  The bank website is www.parkwaybank.com.

Parkway Bank has 22 Chicago land bank branch locations offering a wide array of financial products and services.  Parkway Bank has full service bank branches in the state of Arizona in addition to those in Illinois.  At the present time, Parkway Bank & Trust Co. has 28 locations in Illinois and Arizona and over $2 billion in assets.  Some of the bank product and services include an assortment of mortgage products, consumer savings, and checking accounts as well as business banking.  Parkway Bank offers both businesses and consumers online services. 

In addition to the interest rates advertised, the web site offers several other savings products with competitive market interest rates.  A sampling of some of the bank products and rates include:

Money market account with a 1.18% APY on balances of $15,000.00 or greater.
Business money market account also has a 1.18% APY with a balance of $15,000.00 or greater. On both of these money market accounts the interest rates paid increase as the balance increases.

CD products include:

91 day CD has an interest rate of 2.33% and 2.35% APY.
6 month CD has an interest rate of 2.73% and 2.75% APY.
9 month CD has an interest rate of 2.74% and 2.75% APY.
1 Year CD has an interest rate of 3.59% and 3.66% APY.
18 month CD has an interest rate of 3.68% and 3.75% APY.
24 month CD has an interest rate of 4.07% and 4.15% APY.
30 month CD has an interest rate of 4.07% and 4.15% APY.
36 month CD has an interest rate of 4.16% and 4.25% APY.
42 month CD has an interest rate of 4.16% and 4.25% APY.
48 month CD has an interest rate of 4.40% and 4.50% APY.
60 month CD has an interest rate of 4.64% and 4.75% APY.

There is a minimum required balance on the CDs of $1,000.00 to open and earn stated APY.

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