Platinum Community Bank is a local community bank located in Rolling Meadows, Illinois.  Platinum Community Bank has several retail savings products that offer great rates and flexible investment options.  Savings options that include a traditional passbook savings account, a money market account and a fixed rate fixed term certificate of deposit account.

Though Platinum Community Bank is a relatively small bank this no longer means that the bank does not offer the same products and service found in larger banks.  Platinum Community Bank allows customers to connect to the bank through a network of ATMs, a well-designed PC-based home banking program, and an easy to access telephone banking service.

The bank also a variety of other consumer bank products including home equity loans, a wide variety of mortgage loan products and six different checking account types that feature options and choices that can minimize costs and fees.

Platinum Community Bank has fixed rate fixed term CD’s ranging from 3 months to 5 years in length.  The current bank CD rates are,

A 3 month CD that has an interest rate of 1.50% APY.
A 6 month CD which earns an interest rate of 2.00% APY.
A one year CD with an interest rate of 2.15% APY.
An 18 month CD that also returns a rate of 2.15% APY.
A two year CD that yields a rate of 2.50% APY.
A three year CD that has an interest rate 3.00% APY.
A four year CD rate of 3.25% APY.
And a five year CD which earns a rate of 3.50% APY.

The annual percentage yield on all certificates, except those with a term of less than six months, assumes all principal and interest remain on deposit until maturity.  The APY for certificates with a term of less than six months assumes that interest does not remain on deposit until maturity.  A withdrawal will reduce earnings.  A penalty may be imposed on bank CD accounts for early withdrawal.  The minimum balance required to earn the APY is $2,500 for certificates of deposit and $2,000 for retirement certificates of deposit.

For current rate information and additional information regarding applicable fees and terms, including other available certificate terms contact a personal banker at 847-590-5200, visit the bank or go to the bank web site at www.platinumbank.net.

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