Local Community Bank Delivers Top CD rates,  Nov. 12, 2008

The local Illinois community bank, NorthSide Community Bank, has one of the best CD rate promotions in Illinois.  The Nov. 12th, 2008 issue of the Chicago Tribune has an ad placed by NorthSide Community Bank for their 6-9 month term CD and 12-15 month CD.  The interest rate on the 6-9 month term is 4.05%.  The interest rate on the 12-15 month term CD is 3.42%.  The minimum deposit to open the bank CD is $5,000.00.   NorthSide Community Bank can be reached by phone at one of its five branch locations.  The Chicago branch phone number is 312-781-0670.  The website for the bank is www.nscombank.com.  The ad alerts that the rates are as of Nov. 11, 2008 and may change without notice.  The rate data presented on the banks website list the consumer interest rates as being effective between November 11 and November 17.  Per the data extracted from the NorthSide Community Bank website, the bank has total assets $555,000,000 and total deposits $437,611,000.  A section of the July 2008 bank newsletter has a question and response section in which one question and answer that reads:

Are you making new loans?
Yes we are. We are making new loans every week. We have very favorable residential mortgage 5 year fixed products that are very competitive, given the stress in the secondary mortgage market. We also continue to make business loans of every type, we are just being very careful with the details, as you would want us to be.

Strong community bank with great CD rates.

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