Best 12-Month CD Rates in Chicago this August
The month of August is coming to a close, so now is a great time to review Chicago CD rates before we head into autumn. The end of the year will be here before you know it, and that’s likely when most people’s budgets will take a big hit. If you don’t want to be part of the population that suffers from post-holiday debt, you should begin saving ahead of time.
Hopefully, you’ve already been saving for this winter season and are well prepared. There’s no reason you can’t a head start on next year, though. Opening a long-term savings account now, like a 12-month CD in Chicago, with the best possible interest rate will allow you plenty of time to build up a solid safety net. You can see a list of the highest interest rates in Chicago for a 12-month CD today below. So don’t delay–get started now while these rates are still available.
Top Chicago 12-Month CD Rates
There are a number of CD accounts available in Chicago, but only a handful will provide interest rates that get you to your savings goals. These are the banks and credit unions in Chicago, IL with the highest rates for a CD term of 12-months.
- Chicago Municipal Employees Credit Union: 1.26%
- Loyola University Employees Credit Union: 1.21%
- Midwest Carpenters & Millwrights Credit Union: 1.16%
- International Bank of Chicago: 1%
- Albany Bank and Trust Company National Association: 1%
Please note these rates are accurate as of August 22, 2011, but are subject to change at any time. Further, you may be subject to additional terms and requirements. Please check with individual financial institutions to verify rates before opening an account.
