Even though mortgage interest rates across the nation are sitting at record lows right now, not all lenders are offering affordable home loan products. The interest rates provided by individual lenders vary greatly, as do the loan terms, so finding a mortgage lender like First Choice Bank who can give you both a competitive interest rate and low fees will make a huge difference in whether you can afford to buy a home today. 
The certificate of deposit rates available across different term lengths can vary greatly, and some financial institutions offer great rates only for particular types of CDs. Below is a list of the highest CD rates in Illinois currently available in each 6-month, 12-month and 2-year categories:
If you live in the state of Illinois and are thinking about opening a 2 Year CD account, there are certain account characteristics you’ll need to consider before choosing the best account for you. Things like the minimum balance required and term length of your CD are important, but the interest rate you’ll earn is at the top of the list.
Longer term lengths generally yield higher CD rates, which is why a 24-month CD is a great investment option. That doesn’t necessarily mean every 2 year CD rate is good, however. Illinois Banking Rates can help familiarize you with the rates available in state and find the rates that are truly competitive for the area.
CD Rates in Illinois have been painfully low for quite a while, especially ever since the economic downturn in 2008. However, there may be hope for better interest rates in the near future. Banks, credit unions and other financial institutions are slowing increasing their rates, especially on longer-term certificates of deposit.
Illinois is part of the landscape of America’s heartland. The state is rich in political history with three presidents from the region being elected into office, tons of sporting events, fine dining, educational and business opportunities. Regardless of your personal passion, Illinois Banking Rates will provide you with all the financial information you seek. You can use Illinois Banking Rates to find:
At Illinois Banking Rates, you can compare checking and savings account rates in Illinois. Our data is always current and up-to-date to ensure that you get the best rates possible.
As you make this decision to choose a Illinois bank, we can also help you:
With the information you can get from Illinois Banking Rates you can find the resources for making wise decisions about your financial future. Before applying for any type of loan or opening an account, be sure to get a free credit report.
| Featured Rate | |
|---|---|
CIT Bank
 |
1.26%
Date: Feb 16, 2012
2-Year CD Rate
|
| Highest Rates Recent Rate Changes | |
| Route 1 Credit Union 6 Month CD Account |
1.77%
Date: Feb 9, 2012
|
| 1st Gateway Credit Union 2 Year CD Account |
1.30%
Date: Feb 14, 2012
|
| First Eagle Credit Union 2 Year CD Account |
1.26%
Date: Feb 8, 2012
|
| Bank of Farmington 2 Year CD Account |
1.25%
Date: Feb 8, 2012
|
| Adm Credit Union 2 Year CD Account |
1.20%
Date: Feb 16, 2012
|
| The Farmers National Bank of Prophetstown 2 Year CD Account |
1.20%
Date: Feb 3, 2012
|
| The Bank of Marion 2 Year CD Account |
0.65% to
0.60% Date: Feb 21, 2012
|
| Spring Valley City Bank 12 Month CD Account |
0.60% to
0.50% Date: Feb 21, 2012
|
| Hoyne Savings Bank 2 Year CD Account |
0.55% to
0.45% Date: Feb 21, 2012
|
| Spring Valley City Bank 6 Month CD Account |
0.45% to
0.40% Date: Feb 21, 2012
|
| The Bank of Marion 12 Month CD Account |
0.35% to
0.30% Date: Feb 21, 2012
|
| First Midwest Bank 2 Year CD Account |
0.35% to
0.25% Date: Feb 21, 2012
|
