Chicago CD Rates Survey for the week February 20, 2012

Written by: InTheKnowFinance Staff

According to a recent Primerates.com survey conducted on February 20, 2012 of Chicago CD rates offered by the area banks & credit unions, Chicago’s largest financial institutions offered short-term savers 6 month CD’s with rates between 0.05% at U S Bank National (www.usbank.com), and 0.30% at Bank of America (www.bankofamerica.com). MB Financial (www.mbfinancial.com) has the highest 2-year CD rate, with 0.50% CD, while U S Bank National (www.usbank.com) has highest CD rate for 5-year, with 1.39% CD.

CD’s are typically insured up to $250,000 by the FDIC. As CD’s mature, banks typically re-price the rates on deposits. Make sure that you track when your CD’s mature so that you can roll them over into new CD’s and keep your money working as hard as possible.

 

Banks 6 month 1 year 2 year 3 year 4 year 5 year
JP Morgan Chase 0.20% 0.25% 0.40% 0.50% 0.50% 1.00%
Harris National 0.15% 0.30% 0.49% 0.69% 0.79% 1.19%
Bank of America 0.30% 0.35% 0.40% 0.60% 0.85% 1.20%
PNC Bank National 0.10% 0.20% 0.35% 0.40% 0.75% 1.00%
City Bank 0.15% 0.25% 0.30% 0.50% 0.75% 1.00%
Fifth Third Bank 0.10% 0.15% 0.40% 0.55% 0.70% 0.85%
MB Financial 0.15% 0.25% 0.50% 0.85% 1.05% 1.29%
First Midwest Bank 0.08% 0.10% 0.25% 0.45% 0.64% 0.84%
U S Bank National 0.05% 0.10% 0.45% 0.70% 1.00% 1.39%
RBS Citizens National NA 0.05% 0.25% NA NA 0.50%

 

Rates from banks, thrifts, and credit union were posted on their websites on the date indicated for a $10,000 certificates of deposit meeting the specific holding requirement. Data is believed accurate at time of collection, can change without notice, and will vary. Contact a specific institution for current rates.


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Chicago CD Rates Survey for the week February 20,...

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