Illinois Credit Unions with the Best CD Rates

If you belong to a credit union or are curious about joining one, you should know that they can offer some of the highest CD rates in Illinois. For anyone interested in locating a certificate of deposit with a competitive rate, credit unions are a great place to start.

Credit unions are different from banks because they are not-for-profit, owned by members and the field of membership is limited to a set of particular requirements. Membership eligibility is different for each one, but there’s bound to be a Illinois credit union you qualify to join. Below are the credit unions in the state that are presently offering the highest rates on CDs.

Credit Unions with the Best 6-Month CD Rates in Illinois

Route 1 Credit Union: 1.77%
Quad Cities Postal Credit Union: 1%
Chicago Municipal Employees Credit Union: 1%

Highest 12-Month CD Rates from Illinois Credit Unions

Route 1 Credit Union: 1.77%
Peoria Journal Star Credit Union: 1.5%
R I D Credit Union: 1.45%

Illinois Credit Unions with the Best 24-Month CD Rates

Peoria Journal Star Credit Union: 2%
R I D Credit Union: 1.95%
Gas And Electric Credit Union: 1.7%

Please note that these rates are accurate as of May 20, 2011 but are subject to change at any time.

Related Rates Articles

Best Illinois Banking Rates

Featured Rate
CIT Bank	1.10% Date: May 14, 2012 View Rate Details
Ally Bank	1.09% Date: May 15, 2012 View Rate Details
Highest Rates Recent Rate Changes
Route 1 Credit Union 12 Month CD Account	1.77% Date: Apr 27, 2012 View Rate Details
Illinois National Bank Savings Account	1.51% Date: May 7, 2012 View Rate Details
First Eagle Federal Credit Union 2 Year CD Account	1.26% Date: Apr 26, 2012 View Rate Details
Bank of Farmington 2 Year CD Account	1.20% Date: Apr 26, 2012 View Rate Details
Redbrand Credit Union 2 Year CD Account	1.15% Date: May 8, 2012 View Rate Details
1st Community Bank 2 Year CD Account	1.15% Date: May 7, 2012 View Rate Details
Gateway Community Bank 2 Year CD Account	0.50% to 0.75% Date: May 16, 2012
The First National Bank of Arcola 2 Year CD Account	0.80% to 0.70% Date: May 16, 2012
The Bank of Marion 12 Month CD Account	0.30% to 0.26% Date: May 15, 2012
Western Illinois Credit Union 12 Month CD Account	0.50% to 0.25% Date: May 14, 2012
The First National Bank of Arenzville 2 Year CD Account	1.10% to 0.95% Date: May 14, 2012
Prairie National Bank 12 Month CD Account	0.70% to 0.60% Date: May 14, 2012

See All Banking Rates

Check rates in these cities in Illinois: See Cities