Find the best Chicago bank rates, including CD rates, savings rates, mortgage rates and auto loan rates.
Best certificate of deposit interest rates - high-yield CD account rates.

Best Chicago CD Account Rates

Featured Rates (APY)
Institution
Account Type
 
CD Rates
2 Year CD
CD Rates
2 Year CD
CD Rates
2 Year CD
Free, all-inclusive and truly local: we are the only source for interest rates from over 5000 banks and credit unions.
Featured Rates (APY)
Institution
Account Type
 
CIT Bank
Banking
Chicago,IL
GreenChoice Bank
CD Account
Chicago,IL
State Bank of India
CD Account
Chicago,IL
Allsteel Credit Union
CD Account
Chicago,IL
The National Republic Bank of Chicago
CD Account
Chicago,IL
Rates are current up to 30 days, verify rate through institution site.
Add your bank or credit union

About Chicago CD Rates

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.

How 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.

  1. Once you find a CD rate in Chicago that you like, click on view rate details for more specific information.
  2. From there you can view all of the different CD rates available from that particular Chicago bank or credit union.
  3.  When you’re deciding which of the best CD rates in Chicago meet your financial needs the most, make sure to check out the minimum balance requirements for that CD as well as the length of time you will be required to set aside your funds. For instance, you can earn a higher interest rate when you open a Jumbo CD, however it usually requires a minimum balance requirement of $100, 000.
  4.  Once you open a CD, you cannot access your money for the required length of the CD without receiving a penalty, which can at times be substantial. Other banking institutions may also tier their Chicago CD rates depending on the size of the CD.

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.

Opening a CD in Chicago

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.

Featured Chicago CD Rates Articles

riverfront federal credit union

Deal of the Day: Riverfront Credit Union 24-Month CD at 0.75%

A certificate of deposit is a great vehicle for saving your money and growing your wealth. The trick is finding a competitive CD rate at a time when interest rates near the zero mark and earnings can barely keep up with inflation. Read More
The National Republic Bank of Chicago

Deal of the Day: The National Republic Bank of Chicago CD Rates at 0.90% APY

Read More
Cole Taylor Bank

Deal of the Day: Cole Taylor Bank CD Rates at 0.75% APY

Cole Taylor Bank has a mission to be the premier bank for businesses and individuals within the markets it serves. Among the many ways the establishment accomplishes its mission is by offering high-quality deposit accounts with competitive interest rates. Read More