According to a recent Primerates.com survey conducted on December 9, 2011 of Chicago CD rates offered by the area banks & credit unions, Chicago’s largest financial institutions offered short-term savers 6 month CD’s with rates be rates between 0.05% at Fifth Third Bank (www.53.com) and US Bank National (www.usbank.com) and 0.30% at Bank of America (www.bofa.com). Historically low US interest rates continue to keep pressure on Chicago CD rates of all maturities. For savers interested in longer maturities, US Bank offers the best rates for 2, 3, 4 and 5 year maturities, ranging from .65% to 1.59%.
CD’s are typically insured up to $250,000 by the FDIC. As CD’s mature, banks typically re-price the rates on deposits. Make sure that you track when your CD’s mature so that you can roll them over into new CD’s and keep your money working as hard as possible.
| Bank |
6 month |
1 year |
2 year |
3 year |
4 year |
5 year |
| JP Morgan Chase |
0.200% |
0.250% |
0.400% |
0.500% |
0.500% |
1.000% |
| Harris National |
0.145% |
0.295% |
0.544% |
0.792% |
0.892% |
1.238% |
| Bank of America |
0.300% |
0.350% |
0.400% |
0.600% |
0.850% |
1.200% |
| PNC Bank National |
0.150% |
0.250% |
0.450% |
0.450% |
0.850% |
1.050% |
| City Bank |
0.150% |
0.250% |
0.300% |
0.500% |
0.750% |
1.000% |
| Fifth Third Bank |
0.050% |
0.150% |
0.400% |
0.550% |
0.700% |
0.850% |
| MB Financial |
0.150% |
0.250% |
0.499% |
0.847% |
1.046% |
1.294% |
| First Midwest Bank |
0.160% |
0.300% |
0.550% |
0.700% |
0.840% |
1.140% |
| U S Bank National |
0.050% |
0.150% |
0.650% |
0.900% |
1.290% |
1.590% |
| RBS Citizens National |
NA |
0.050% |
0.250% |
NA |
NA |
1.000% |
Rates from banks, thrifts and credit union were posted on their websites on the date indicated for a $10,000 certificates of deposit meeting the specific holding requirement. Data is believed accurate at time of collection, can change without notice, and will vary. Contact a specific institution for current rates.
According to a recent Primerates.com survey conducted on December 9, 2011 of Chicago CD rates offered by the area banks & credit unions, Chicago’s largest financial institutions offered short-term savers 6 month CD’s with rates be rates between 0.05% at Fifth Third Bank (www.53.com) and US Bank National (www.usbank.com) and 0.30% at Bank of America (www.bofa.com). Historically low US interest rates continue to keep pressure on Chicago CD rates of all maturities. For savers interested in longer maturities, US Bank offers the best rates for 2, 3, 4 and 5 year maturities, ranging from .65% to 1.59%.
CD’s are typically insured up to $250,000 by the FDIC. As CD’s mature, banks typically re-price the rates on deposits. Make sure that you track when your CD’s mature so that you can roll them over into new CD’s and keep your money working as hard as possible.
| Bank |
6 month |
1 year |
2 year |
3 year |
4 year |
5 year |
| JP Morgan Chase |
0.200% |
0.250% |
0.400% |
0.500% |
0.500% |
1.000% |
| Harris National |
0.145% |
0.295% |
0.544% |
0.792% |
0.892% |
1.238% |
| Bank of America |
0.300% |
0.350% |
0.400% |
0.600% |
0.850% |
1.200% |
| PNC Bank National |
0.150% |
0.250% |
0.450% |
0.450% |
0.850% |
1.050% |
| City Bank |
0.150% |
0.250% |
0.300% |
0.500% |
0.750% |
1.000% |
| Fifth Third Bank |
0.050% |
0.150% |
0.400% |
0.550% |
0.700% |
0.850% |
| MB Financial |
0.150% |
0.250% |
0.499% |
0.847% |
1.046% |
1.294% |
| First Midwest Bank |
0.160% |
0.300% |
0.550% |
0.700% |
0.840% |
1.140% |
| U S Bank National |
0.050% |
0.150% |
0.650% |
0.900% |
1.290% |
1.590% |
| RBS Citizens National |
NA |
0.050% |
0.250% |
NA |
NA |
1.000% |
Rates from banks, thrifts and credit union were posted on their websites on the date indicated for a $10,000 certificates of deposit meeting the specific holding requirement. Data is believed accurate at time of collection, can change without notice, and will vary. Contact a specific institution for current rates.
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