Below are the highest yielding CD (certificate of deposit) rates available to the residents in the greater Chicago, IL area. The banks and credit unions listed in our survey this month are all either based out of Chicago or have a major presence there as far as branch locations and offices go.
The featured products are 6 month CDs, 12 month CDs and 60 month CDs. After surveying the interest rates of local community banks and credit unions in the greater Chicago area, we found that you will be able to receive slightly better rates with online banks (scroll down for current online CD rates) than with the local ones.
How did we compile this list? After conducting our survey we’ve only listed the rates that beat the national average by the highest margins. All of the banks are federally insured by either the FDIC or the NCUA. Rest assured, no depositor has ever lost money on a deposit insured by either of those two governing institutions.
Highest yielding CD rates in greater Chicago, IL Area:
|
Institution
|
Product
|
APY
|
Min. Deposit
|
Contact
|
|---|---|---|---|---|
| National Republic Bank of Chicago | 6 month CD | 0.75% | $1,000 | (312) 738-4900 |
| Credit Union 1 | 6 month CD | 0.45% | $10,000 | (312) 782-7929 |
| Mutual Federal Bank | 12 month CD | 0.80% | $500 | (773) 847-7747 |
| Builders Bank | 12 month CD | 0.70% | $2,500 | (312) 750-9300 |
| American Eagle Bank of Chicago | 60 month CD | 1.75% | $1,000 | (773) 328-2350 |
| Metropolitan Capital Bank | 60 month CD | 1.75% | $5,000 | (312) 640-2300 |
