Broadway Bank of Illinois is currently offering two special certificates with fairly high rates of 3.00% APY for their 25-month CD and a 2.70% APY for their 13-month CD. Minimum deposit on both CDs is $2,500. Broadway Bank also has some competitive rates on its long-term CDs including a 4.00% APY for 60 months and 3.50% APY for 48 months. The standard CDs have a minimum deposit of $1,000 and are also available as IRA CDs. These rates are current as of 4/13/09.

Some of the details ome of the important details include:

• You may not withdraw any principal from this Certificate before maturity
• Early withdrawal penalty is 180 days of interest on amount withdrawn for maturities over one year
• Grace period at maturity is 10 days
• You can choose to receive monthly interest checks

A branch visit appears to be required to open an account. Branches are located in Chicago and Glencoe, Illinois.