Corus Bank CD Rates
Most people are now aware that Corus Bank was seized and closed by the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller or the Currency. We looked at the Corus Bank CD rates available before that closure. Current Corus Bank account holders have had their assets moved to MB Financial in Chicago, Illinois.
We here at Highest CD Rates Info wanted to see how he closure affected deposits. Contracts, such as certificates, were honored in the move to MB Financial and all account holders at the time of the closure in September still have access to the Corus Bank system online.
Turning from Corus CD rates, we can check MB Financial CD rates and see how they stack up. Terms range from one week to 60 months and are fairly competitive. MB requires a $1,000 deposit to open and maintain a CD.
A 1 week term gets 0.05% annual percentage yield (APY) and 1 month gets 0.20% APY. 2 or 3 months gets 0.25% APY while 4-5 months gets 0.40% APY. 6 months is 0.45% APY, 7-8 months gets 0.50% APY, and 9-11 months gets 0.75% APY.
Corus Bank certificate of deposit rates were pretty close to what MB Financial offers. Their specials are 12-17 months at 0.85% APY and 18-23 months at 1.15% APY. These are locally competitive. 24-35 months nets 1.30% APY, 36-47 months gets 1.60% APY, and 48-59 months gets 2.25% APY. 60 months returns 2.60% APY.
These current CD rates are all subject to change, of course, and the highest CD rates rarely last long. If any of these appeal to you, lock yours in today. MB Bank is FDIC insured. This will be our last review of Corus CD rates, as next time it will be MB Financial CD Rates.
[...] this month, we looked at Corus Bank CD rates, which was right after the FDIC has seized that bank and sold its assets to MB Financial. So we [...]