Illinois Banking Rates

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Our Featured Illinois Bank Rate

More Banks and Credit Unions in Illinois and Surrounding Areas

1st Community Bank
Main Street
Sherrard, IL 61281
1st Gateway Credit Union
415 10th Ave
Fulton, IL 61252
A J Smith Federal Savings Bank
14757 S Cicero Ave
Midlothian, IL 60445
A.A.E.C. Credit Union
115 S. Wilke Road, Suite 106
Arlington Heigh, IL 60005-1500
Abri Credit Union
1350 W Renwick Road
Romeoville, IL 60446
Acme Continental Credit Union
13601 S Perry Ave
Riverdale, IL 60827
Adm Credit Union
4666 Faries Pkw
Decatur, IL 62526
Advantage National Bank
75 East Turner Avenue
Elk Grove Village, IL 60007

Members of credit unions enjoy numerous benefits, but one of the greatest advantages of belonging to a CU is often the interest rates they offer. Credit unions are not-for-profit and owned by members. Therefore, credit unions return profits back to account holders in the form of dividends. That means if you don’t already belong to a Illinois credit union, obtaining competitive interest rates is reason to consider joining one. Highest Savings Interest Rates from Illinois Credit Unions

These days, most banks are dropping interest rates on deposit accounts, which is why it’s so important to know which ones still have competitive offers. Locating the Illinois banks with the highest interest rates will ensure you’re always growing your savings to its full potential. Illinois Banks With the Best Savings 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. Illinois Credit Unions with the Best CD Rates

When shopping around for the highest certificate of deposit interest rates, it helps to look at local financial institutions. Generally, smaller banks are especially invested in the communities they serve and thus, make providing the best rates to customers a top priority.

However, finding the best CD rates in Illinois can be tough if you don’t know where so start, so we’ve compiled the best rates across various term lengths for community banks in the area. Local Illinois Banks with the Best CD Rates

When you opened your Illinois bank account, you probably shopped around for the best interest rate you could find first. Have you checked out rates since? In order to ensure you’re always earning all you can, it is important to continually stay up-to-date on current rates in your state. Interest rates change on a daily basis, so it’s your job to keep up with the latest rate adjustments. Illinois Banking Rates can help you out this month with a list of the highest bank account rates in Illinois today. Current Interest Rates for Illinois Bank Accounts: May 2011

You may already be aware that certificates of deposit generally pay out higher interest rates than traditional savings accounts, but did you know that the longer the CD, the higher the rate? Financial institutions like customers to keep their money on deposit for as long as possible, so they’ll reward long-term account holders with better interest rates. That means if you’re looking for the best Illinois CD rates, 24-month (2-year) CD accounts are sure to offer the highest rates. Highest CD Rates in Illinois: 24-Month Term

If you’re not satisfied by the interest rates banks and credit unions are offering on 6-month CDs right now, lengthening the term a bit can help you get better offers. 12-month, or 1-year, certificates of deposit generally provide higher interest rates than shorter-term CDs. If you’re willing to keep your money on deposit for this long, a 12-month CD could be a great choice for you. Best Illinois CD Rates: 12-Month Term

Certificates of deposit with a term length of 6 months are a popular choice among depositors. 6 months is a period of time long enough to really see interest rates that beat out most traditional savings accounts, but at the same time, short enough so that it doesn’t feel like you lose access to your money for too long. If you would like to open a 6-month CD in Illinois, find out where to get the best interest rates first. Current 6-Month CD Rates: Best in Illinois

If your goal is to get the highest savings rate in Illinois possible, you’ll need to regularly do research into where the top rates can be found. Since interest rates change regularly, sometimes on a daily basis, it’s important to check rates often and not just when you open your account. Best Illinois Savings Account Rates: May 2011

Recent analysis shows signs that the housing market is gradually returning to stability after its catastrophic collapse in 2008. Unfortunately, current job market conditions have been leading some homeowners to consider walking away from their mortgages and suffering the penalties for foreclosure. These homeowners may not realize, however, that selling their home short could be an option. Understanding Short Sales and Foreclosures