[Please note: This page is part of the Chicago CD Rates archive. Most of these deals on this page are not current and no longer available. Please check the date of the post before getting too excited and driving to a bank an hour away. If you have any doubts whether the deal is available, contact the bank or credit union. For a list of more current rates, visit our homepage.]

Highest Money Market Accounts and Savings Accounts in Chicagoland

Right now, these seem to be the highest local money market and savings account rates:

• Corus Bank’s Money Market: 4.00% APY ($10,000 minimum)
• Countywide Bank’s SavingsLink: 4.00% APY ($10,000 minimum)
• Alliant Credit Union’s Regular Savings: 4.00% APY ($5 minimum)

Ravingswood Bank‘s Classic Passbook Savings, which was the leader last time we mentioned this topic, is now down to 3.03% APY.

Alliant Credit Union is a relatively open credit union with quite a few ways to join.  Anyone who lives in Arlington Heights, Bensenville, Des Plaines, Elk Grove, Elmhurst, Franklin Park, Harwood Heights, Itasca, Mt. Prospect, Northlake, Niles, Norridge, Park Ridge, Prospect Heights, River Grove, Rolling Meadows, Rosemont, Schiller Park, and Wood Dale is eligible.  In addition, anyone who works on O’Hare Airport property, works for United Airlines or its business affiliates, is a member of Life Time Fitness, or who is a member of the National PTA is able to join Alliant. If you don’t meet any of these criteria, you can join the National PTA for $25.

(Thanks to Savings Account Interest for helping us with national savings account and money market rates.)

This entry was posted on Monday, May 12th, 2008 at 8:30 am and is filed under Countrywide Bank, Money Markets and Savings Accounts. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

One Response to “Highest Money Market Accounts and Savings Accounts in Chicagoland”

• trinidon2k Says:
  May 12th, 2008 at 2:37 pm

  My countrwide CD came due a couple weeks ago and from start to finish it was a very easy process. Especially if you have a SavingsLink account. This way you can transfer the money into CD when you open it and out of the CD when you close out. You won’t have to worry about going to a branch or with dealing with any checks. The SavingsLink account can be opened online and funded with ACH transfers. Their is no minimum and balances over $10,000 earn more than 4% APY.

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