Posts Tagged ‘Illinois CD Rates – Compare Local vs. National Rates’
Chicago, IL – Local Money Market Rates Losing to Online Banks
If you reside in the greater Chicago, Illinois area and are in the market for a liquid savings account with FDIC insurance, you’re likely better off (interest rate wise) with an account from an online bank rather than a local institution.
After surveying the top money market rates offered by local banks and credit unions in Chicago, we found that there is only one local institution with reasonably competitive rates – Washington Read more…
Reynolds State Bank’s CD Rates – Best APY’s
Reynolds State Bank out of Illinois is a pretty small bank which offers some noteworthy CD rates that pack a punch. With just 1 location and 6 full time employees, they offer some of the best CD rates in Illinois. As of this month their top product – the 12 month CD – is reportedly offering a 2.01% APY with minimum deposits of $1,000. To put this offer in perspective, the Read more…
Best CD Rates in 2011 – Top 10
Update: Review our list of the top CD rates in 2012.
CD rates in 2011 have undoubtedly left FDIC-insured investment seekers cranky. And just to make savers a little more frustrated we’ve seen CD rates throughout the country show tiny glimmers of hope as they bounce off of their all-time lows only to return to those levels the following week.
The current national averages for 6 month CDs, 12 month CDs and 3 Read more…
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Chicago, IL Bank CD: Best Rates for a 5 Year Term
We’ve reported on several of the best CD rates in Illinois throughout the course of 2010 (and 2011), however, most of the products were only available outside of the Chicago area in smaller credit unions and banks serving rural Illinois.
Today we were forwarded a pretty noteworthy 5 year CD rate from a credit union with branches in Chicago. Great Lakes Credit Union has a 60 month “President’s Club CD” yielding 2.75% Read more…
7 year Bank CD (certificate of deposit) Deal
Although in this environment we are generally reluctant to recommend long term CDs, we’ve been forwarded a decent 7 year CD rate that we think deserves some recognition. Personally none of us here at BankVibe would invest in a CD longer than 24 months, however, if you must go long West Town Savings Bank out of Chicago, Illinois has a 7 year CD going for 3.24% APY with a minimum deposit Read more…
