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.
|Hoyne Savings Bank||0.25%||$500|
|Liberty Bank for Savings||0.25%||$5,000|
|Northern Trust Co||0.2%||$10,000|
|Citizens Financial Bank||0.15%||$2,000|
|Bank of America||0.03%||$1,000|