CD rates in Chicago, IL, are low. Indeed, they are low throughout the country. The Fed isn’t budging on its plan to keep rates low until at least late 2014. But some institutions are offering better-than-average yields.

CDs are insured up to $250,000 per depositor. That makes them a safe place to keep your money. But keep in mind that they aren’t the most liquid investments. If you take your money out before the term is up, most institutions will hit you with a stiff penalty. To find the highest CD rates in Chicago, IL, and in other areas of Illinois, use our survey.

CD rates in Chicago, Illinois

Here are the one-year CD rates in Chicago, IL, as of 4:00 p.m. on Friday.

Institution APY Min Deposit
Ally 1.04% $0
BankFinancial 0.3% $1,000
Hoyne Savings Bank 0.25% $500
Liberty Bank for Savings 0.25% $5,000
Chase Bank 0.2% $1,000
Northern Trust Co 0.2% $10,000
Citizens Financial Bank 0.15% $2,000
Bank of America 0.03% $1,000

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