According to Bankrate.com as of June 25 2020 the best CD rates in Illinois are:
1. Salem Five Direct: 2.00% APY $10000 minimum deposit
2. Live Oak Bank: 1.90% APY $1000 minimum deposit
3. First Internet Bank: 1.75% APY $1000 minimum deposit
4. Connexus Credit Union: 1.60% APY $5000 minimum deposit
5. Ally Bank: 1.50% APY $0 minimum deposit
These rates are accurate as of the date of this blog post but CD rates can change at any time so it’s always a good idea to compare rates before you open a CD account.
When choosing a CD it’s important to consider your financial goals and the length of time you’re comfortable keeping your money invested. CDs with longer terms usually have higher interest rates but they also tie up your money for a longer period of time.
If you need access to your money before the CD matures you may be able to withdraw it early but you may incur a penalty. Make sure you understand the terms of the CD before you open it.
The best CD rate for you will depend on your financial goals and needs. Compare CD rates from multiple banks and credit unions to find the best rate for you.
Who has the best CD rates in Illinois?
Bank of Springfield.
What is the average CD rate in Illinois?
The average CD rate in Illinois is 0.
73%.
Which bank has the highest CD rate in Illinois?
Bank of Springfield.
What is the highest CD rate in Illinois?
1.
10% APY.
What is the minimum deposit amount for the best CD rates in Illinois?
$500.
What is the term length for the best CD rates in Illinois?
12 months.
What is the early withdrawal penalty for the best CD rates in Illinois?
6 months’ worth of interest.
How often can you renew the best CD rates in Illinois?
Once.
What is the monthly maintenance fee for the best CD rates in Illinois?
$0.
What is the account balance limit for the best CD rates in Illinois?
$250000.
What other benefits come with the best CD rates in Illinois?
24/7 account access and free online and mobile banking.
Does the best CD rate in Illinois require a checking account?
No.
Is the best CD rate in Illinois available to joint account holders?
Yes.
What is the age requirement for the best CD rates in Illinois?
18 years old.
What is the phone number for the best CD rates in Illinois?
(217) 753-3500.
