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Certificate of Deposit (CD) Specials
*Minimum deposit to open a Certificate of Deposit (CD) and obtain stated APY is $5,000.00. Annual Percentage Yield (APY) is accurate as of 3/26/2024. APY assumes interest remains on deposit until maturity. Early withdrawal penalty may be imposed for withdrawal of funds prior to maturity. Fees may reduce earnings. Contact a Banker for more information. Rates are subject to change.
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Teach Your Children the Importance of Saving
*New money only. The “My First Account” is designed for Children through the age of 17. This account is established by an adult on behalf of a minor as a custodial account under the Illinois Uniform Transfers to Minors Act. The “My First Account” requires a minimum deposit of $25.00 to open the account and receive the $25.00 bonus. The “My First Account” is interest bearing with an Annual Percentage Yield (APY) of 0.30% that is accurate as of 2/28/2024, is subject to change at the bank’s discretion, and is earned on all balances greater than $0.01. The $25 bonus will be credited at account opening. Bonus is considered income and subject to IRS 1099 reporting. Fees may reduce earnings. Offer Expires 4/30/2024.
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Get a Little, Give a Little
*New Student e-Banking customers only. The Annual Percentage Yield (APY) for the Student e-Banking is 0.15% and is accurate as of 12/21/2023. This rate is variable and subject to change. No minimum deposit is required to open the account and receive the bonus. You must maintain a minimum daily balance of $ .01 or greater in the account each day in order to earn the APY. The $50.00 cash bonus will be credited to account and the $50.00 donation will be made when the account is opened. Limit one donation request per student. Donation requests can only be made for 501(c)3 (not-for-profit) organizations in the Chicagoland Metropolitan area. Any organization failing to meet the requirements will not receive a donation. FBC Foundation will make the donation on behalf of the account holder, and advise the qualifying organization of the account holder’s role in the donation referral. There is no tax write-off benefit to any account holder making the referral. Open the account by 12/31/2024 to receive bonus. Fees may reduce earnings. For IRS purposes Bonus is 1099 reportable.
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Personal Money Market Specials
*Important Account Requirements. Annual Percentage Yield (APY) is current as of 3/14/2023. New money is money that has not been on deposit at First Bank Chicago for at least 30 days. Rate Information. The interest rate and APY are variable and subject to change at our discretion. We may change the interest rate on your account at any time. There are no maximum or minimum interest rate limits for this account. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Compounding and Crediting frequency. Interest will be compounded and credited to your account monthly. Minimum to Open the Account. You must deposit $1,000.00 to open this account. Minimum Balance to Earn Interest. You must maintain a minimum daily balance of $ .01 or greater in the account each day in order to earn interest. The interest rates paid are based on tiered account balances as follows: $0.01-$24,999.99 & $25,000.00 and above. This means that one or more interest rates and Annual Percentage Yields may apply to your account. When your daily balance is within a specified tier range, the interest rate and corresponding Annual Percentage Yield will be earned on the entire balance in your account. Minimum Balance to Avoid Imposition of a Fee. A $15.00 fee will be imposed every monthly statement cycle if the balance in the account falls below $ 2,500.00 any day of the cycle. Fees. Fees may reduce earnings. Please refer to our Schedule of Fees for all fees charged by the bank.
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