It was hard to find too many banks in The state of Illinois with stellar rates. The Deposit Interest Rates in The state of IL are so, so, but as usual if you don’t mind getting out of your comfort zone a little, you can do much better. But for those that want to stick with IL bank Deposit APYs, here ya go.
MB Financial, National Association — FDIC 3628 — Est. 1933 — 3 1/2-Stars — $10.8BB — 1,600 employees. Here is a piece from their site, “MB, Means Business”. MB Financial has CDs, IRAs, HSAs (not many instituions handle Health Savings Accounts)
certificate of Deposit Interest Rates: 1-year — 0.75%; 2-year — 1.30%; 5-year — 2.60%. MB also has Money Market accounts at an interest rate 0.25%. IRA CD APYs are the same as the regular CDs. Located: 800 West Madison Street, Chicago, IL.
American Chartered Bank — FDIC 27006 — Est. 1987 — 2-Stars — $2.74 Billion — 374 Employees. Deposit APYs: 1-year — 1.05%; 4-year — 2.50%; 5-year — 2.96%
Other Best IL CD Rates
First Midwest Bank — FDIC 3709 — 1933 — $7.76BB — 3-Stars — 1700 Employees — One Pierce Place, Suite 1500
Itasca, IL 60143 — Took about 5-clicks to get rates. That’s a bummer. They also offer HSAs (Health Savings Accounts) and IRAs. CD Yields: 6-months at 0.65%; 1-year at 1.00%; 36-months at 2.10%; 5-year at 2.80%. HSA rate for $2500 and above is 1.25%, that’s pretty good.
Lake Forest Bank and Trust Company — 1986 as Crabtree Trust Company. In 1991 changed name and became FDIC insured. — $1.81BB — 353 Employees
6 months 0.25%
12 months -0.60%
18 months – 0.75%
24 months 0.95%
30 months – 0.95%
36 months – 1.45%
48 months – 1.70%
60 months – 2.10%
They have some bonuses, but it only adds 10 to 20 Basis points to the rates and the rates are really quite lowsey.
727 North Bank Lane
Lake Forest,IL 60045
FDIC Certificate #: 27589 — 4-Stars
THE National Bank – yes “THE” is in all caps. A little arrogant, I think. Especially given that they were just established in 2005 — 3-Stars — 41 banks in the us that start with National. I really think they should have tried to be more unique with their name.
Located: 2040 1st Street A
Moline,IL 61265
FDIC Certificate #: 57918 — Date Established: 4/11/2005
1-year CD: 1.65%
18-month CD: 1.65%
30-month CD: 2.00%
Something to note: They have made quite a few acquisitions, but their growth seems extreme. The NB Started with $26MM and are now $1.26BB. They went from 26 Employees to 317.
Good Jumbo Certificate of Deposit Rates are often hard to come by. I hope this has been a helpful resource
