Certificates of Deposit (CDs)

FDIC-insured CDs offer a fixed interest rate and and a choice of terms to fit your savings needs.footnote

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Perfect for

Those who prefer a safe, fixed rate of return.


  • A variety of terms to suit your short- and long-term savings needs
  • Balances in this account help you avoid monthly service charges for the MB Signature Checking account
  • Available as IRA accounts


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Interest Rates Apply Now

MB Red Checking. A high-performance checking account. Learn more.

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Interest rates

Minimum $1,000 to open
Terms under three months, interest is paid at maturity.
Terms over three months, quarterly compounding; interest is paid quarterly.

Interest rates
  Balance under $100,000 Balance over $100,000
Term Interest rate APY* Interest rate APY*
7 day CD 0.050% 0.05% 0.050% 0.05%
14 day CD 0.050% 0.05% 0.050% 0.05%
1 month CD 0.050% 0.05% 0.050% 0.05%
3 months CD/IRA 0.050% 0.05% 0.050% 0.05%
6 months CD/IRA 0.100% 0.10% 0.100% 0.10%
9 months CD/IRA 0.150% 0.15% 0.150% 0.15%
12 months CD/IRA 0.150% 0.15% 0.150% 0.15%
18 months CD/IRA 0.200% 0.20% 0.200% 0.20%
24 months CD/IRA 0.300% 0.30% 0.300% 0.30%
30 months CD/IRA 0.350% 0.35% 0.350% 0.35%
36 months CD/IRA 0.399% 0.40% 0.399% 0.40%
48 months CD/IRA 0.599% 0.60% 0.599% 0.60%
60 months CD/IRA 0.847% 0.85% 0.847% 0.85%

* Annual Percentage Yields (APY) are current as of 04/11/2014

Interest for accounts with a term of less than 3 months will not compound and will credit at maturity. Interest for accounts with monthly interest distribution will not compound and will credit monthly. For all other accounts, interest is compounded and credited quarterly.

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How to Apply Apply Now

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Apply online

You can apply online for terms of 3, 6, 9, 12, 18, 24, and 26 months. Our online application takes about 10 minutes to complete.

If you’re already an MB customer, you can open a new account by logging in to ibankmb.com.

If you’re opening a joint account, be sure to have all the information for the other applicant on hand.

Apply in person

Stop by one of our convenient banking centers located throughout Chicagoland and we’ll be happy to help you open your new MB account.

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Apply NowQuestions?

Call us at 1.888.i bank mb (1.888.422.6562) or contact us.

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1 Penalties apply for early withdrawal. Fees may reduce earnings. Please refer to the Personal Banking Customer Fee Schedule (PDF). Minimum $1,000 to open. Your deposits are insured by the FDIC up to the maximum limits allowed by law, which is at least $250,000. You’re also eligible for additional insurance if your accounts are held in different categories of ownership. Back to top