Expanding your knowledge of Chicago CD rates can make all the difference when you’re researching a local bank or credit union to open a certificate of deposit with. Thanks to ChicagoBankingRates, you can compare and contrast a variety of customer service offers throughout the area to find the best CD rates in Chicago.
Not only do certificates of deposits offer the best interest returns on your savings and investments, they also help you set aside large sums of money for later use. ChicagoBankingRates lists the best Chicago CD account rates with the highest yields offered by local Chicago banks and Chicago credit unions in the rates table listed above.
Our rates table is updated regularly, allowing you to receive information on the most current CD rates in Chicago. If you wish to see more results from different financial institutions, click see more results. This will save you the time and hassle of calling up different banks and credit unions throughout Chicago to ask out about their current CD rates and offers.
The best way to decide which Chicago CD rate is best for you is knowing how long you can go without a set amount of money for a set period of time. A longer term could in the end be worth the higher rates. You can also look through various features and CD rates articles ChicagoBankingRates publishes for a more in-depth look at Chicago CD rates available.
Once you find a CD rate in Chicago that you like, you can open a certificate of deposit by visiting the nearest branch location of the bank or credit union that has that offer. If you currently have an account with that Chicago bank or credit union, you may be able to open the account over the phone or online depending on their policy. When you open your CD account, you will need to provide your social security number as well as the social security number of anyone who will be named a beneficiary of the account.
Traditionally it should not take too long to open a CD account. A customer service representative will carefully outline the terms and conditions of the CD, including the length of time, the amount of interest that will be generate and whether the amount will automatically rollover into a new CD at maturity or not. Once your CD account is opened, you will be on your way to saving and growing your money.