Open any new checking account at Old Second and qualify for our special Interest Advantage CD APY. This CD provides you with an Interest Rate Advantage. You have the option to raise your rate one time after the initial 12 months of the CD term if the bank’s board rate is higher than your opening rate. You will then earn the higher rate for the remainder of the term.
*APY (Annual Percentage Yield) effective 3/6/2017. To qualify for advertised Interest Advantage CD APY, customer must also open a new checking account at time of CD account opening with money not currently on deposit with Old Second National Bank. Minimum balance required to open CD and obtain APY is $1,000. Maximum deposit is $250,000 per household. Any time after the initial 12 months of the original term, there is a one-time only option to bump the interest rate on the CD account to the rate then in effect on the fixed-rate 24-month CD. This rate bump option is only available during the original term and will not extend the original maturity date on the account. At maturity, this account will automatically renew into a fixed-rate 24-month Certificate of Deposit (CD) at the rate then in effect for that CD type. The rate bump option will not be available for any renewal period. 24-month CD rate without new checking account is 0.40% APY. Substantial penalty for early withdrawal. Offer is subject to change without notice.