Prospect Federal Savings Bank was founded in 1909.  The bank has three bank branches serving the southwest metropolitan Chicago land area.  The bank has branches in Oak Lawn, Worth and Chicago. 

Prospect Federal Savings Bank offers an array of consumer bank products and services including; savings accounts, certificates of deposit, money market accounts, N.O.W. checking accounts, Christmas clubs, IRA/SEP accounts, money orders, U.S. Savings Bonds, direct deposit services, mortgage loans, auto loans, debit cards, new construction loans, home improvement loans and home equity loans.

With a minimum balance of $1000.00 Prospect Federal Savings Bank offers the following CD products:

A ninety-one day CD that has an interest rate of 2.05% APY.
A six month CD with a rate of 2.25% APY.
A nine month CD yielding an interest rate of 2.35% APY.
A twelve month CD which earns an interest rate of 2.45% APY.
A fifteen month CD with a rate of 3.15% APY.
An eighteen month CD that has an interest rate of 3.25% APY.
A twenty-four month CD with an interest rate of 3.30% APY.
A thirty month CD that earns an interest rate of 3.65% APY.
A thirty-six month CD which earns an interest rate of 3.75% APY.
A forty-eight month yielding an interest rate of 3.90% APY.
And a sixty month CD with an interest rate of 4.0% APY.

The bank is promoting some CD rate specials as well.  With a minimum balance $5000.00 Prospect Bank is has the following CD rates and terms:

A seven month CD special that earns an interest rate of 3.00% APY.  An eighteen month CD special with an interest rate of 3.25% APY. And a thrity month CD special yielding an interest rate of 3.65% APY.

CD rates are subject to change. Additional conditions may apply to these accounts.  Withdrawals may reduce the annual percentage yield earned.  Additional account information as well as current bank CD rates can be obtained by calling a bank representative at 708.361.8000.  The bank website also contains bank rate data including lending rates and savings rates, the website address is www.prospectfederal.com.

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