Best CD Rates in Chicago, IL area: Top 3
Warning: The rates featured on this page are likely outdated. Visit our CD Rates Center for updated rates and special offers.
Below are the highest yielding CD (certificate of deposit) rates available to the residents of Chicago, IL. The banks and credit unions mentioned below may also provide their services to residents of the following cities: Des Plaines, Northbrook, Bloomington, Forest Park, Mount Prospect, Lisle, West Chicago, Naperville, North Chicago, and Elmhurst, IL.
The featured products are 6 month CDs, 12 month CDs and 24 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 local institutions than with national ones.
Keep in mind interest rates are time-sensitive in nature. To review current CD rates nationwide use our CD rate database.
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.
Best 6 month CD rates in Chicago, Illinois:
- Access Credit Union has a 6 month CD yielding 1.91% APY with a minimum deposit of $10,000 required. They have locations throughout the city with primary branches in Cicero, IL.
- United Trust Bank has a 6 month CD and a 9 month CD yielding 1.76% APY with a minimum deposit of $1,000 required. They have branch locations in Chicago and Bridgewater, IL.
- Beverly Bank and Trust Company, National Association has a 6 month CD yielding 1.75% APY with a minimum deposit of $1,000 required. They are based out of Chicago.
Best 12 month CD rates in Chicago, Illinois:
- Access Credit Union also has 12 month CD yielding 2.15% APY with a minimum deposit of $10k required.
- Quorum Federal Credit Union has a 12 month CD and a 15 month CD yielding 2.15% APY with a minimum deposit of $1,000 required. They have locations (either branch or ATM) in Chicago.
- Park National Bank has a 12 month CD yielding 2.10% APY with a minimum deposit of $1,000 required.
Best 24 month CD rates in Chicago, Illinois:
- Seaway Bank and Trust Company (Chicago branch) has a 24 month CD yielding 2.52% APY with a minimum deposit of $5000 required.
- First Suburban National Bank has a 24 month CD yielding 2.37% APY with a minimum deposit of $500 required. They have locations in Chicago and Crestwood, IL.
- Banco Popular North America has a 24 month CD yielding 2.35% APY with a minimum deposit of $10,000 required. They have locations primarily in Cicero, IL.
