Best Illinois Bank Account Rates – April 11, 2011
Why just put your money in any Illinois bank account when you could actually earn money while saving? There are so many options today, you can have your pick of the best bank accounts and rates. While shopping around for the account that best suits your needs, it’s important that you consider a few key factors, including: Interest rates, banking fees and minimum deposit amounts.
Shopping around for the best rate is easy with Illinois Banking Rates. Using our comprehensive database, Illinois Banking Rates is able to bring you a list of the most competitive rates in Illinois from local banks and credit unions. We pound the pavement so you don’t have to.
Current Average Illinois Bank Account Rates
Currently, among the 6 6-month CD accounts available, the average 6 month CD rate is 0.38% APY, while out of 6 12 month CDs the average is 0.63% APY and 24 month CDs average 0.96% APY with 6 accounts available.
As for savings accounts, there are a total of accounts available in Illinois today. The average interest rate among these accounts is 0.19% APY.
Look for financial institutions offering rates that exceed these averages to decide where the best bank accounts are.
Best 6-Month CD Rate
Route 1 Credit Union: 1.77% APY
Highest 12-Month CD Rate
Route 1 Credit Union: 1.77% APY
Top 24-Month CD Rate
Bank of Farmington: 2.04% APY
Top Savings Account Interest Rates in Illinois
Mutual Federal Savings and Loan Association of Chicago: 1.25% APY
