Best CD Rates in Chicago, IL area: Top 3
Below are the highest yielding CD (certificate of deposit) rates available to the residents of Chicago, IL. The banks and credit unions serving this are also cover the following cities: Des Plaines, Northbrook, Bloomington, Forest Park, Mount Prospect, Lisle, West Chicago, Naperville, North Chicago, and Elmhurst, IL. These come in the form of 6 month CDs, 12 month CDs and 24 month CDs. After sorting through dozens of rate pages by local community banks and credit unions serving the city of Chicago as well as the state of Illinois, we found that for the most part, 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, so you will want to refer to the date of this article for accuracy. To get the most CD current rates from national banks, compare CD rates nationwide.
How did we compile this list? As you are probably aware, higher CD rates tend to accompany longer maturities and since we did not want to strictly list long maturity CD’s we decided to list the deposit rates which 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.
