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Certificates of Deposit

Certificates of Deposit (CDs) are an excellent tool for making the most of your money.  With a CD, you maximize your interest rate and enjoy the security of FDIC Insurance.  We offer CDs with terms ranging from 90 days to 60 months.

  • For current First American Bank account holders, the required minimum deposit to open a CD is $1,000.
  • For new customers, the minimum deposit to open a CD is $5,000.

View CD Chart

 


Special Offer: We are offering a 13 month, 1.01% APY CD special. Call us at (847) 952-3700, stop by one of our convenient locations or apply online.

 

$5,000 Minimum Deposit. Annual Percentage Yield (APY) of 1.01% is effective as of 3/13/17. Subject to change at any time. A penalty may be imposed for early withdrawal. The APY assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Only individual, joint, and living trust accounts not to exceed $1 million will be accepted at these rates. Trusts, corporations, partnerships, public funds, and IRAs are not eligible. Limited time offer. Other rates and terms are available for additional types of investments. Please see a personal banker for more details.

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