Rates Blog

Finance Blogs » Rates Blog » CD rates in Chicago, Illinois

CD rates in Chicago, Illinois

By Mitch Strohm · Bankrate.com
Sunday, September 9, 2012
Posted: 10 am ET

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

Follow our CD rates daily on Twitter.

Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
1 Comment
October 09, 2011 at 9:03 pm

These rates are a joke.