-
[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.]
1.05%, 14-month CD at Integra Bank
Integra Bank has a relatively competitive shorter-term CD available: a 14-month CD that yields 1.05% APY. This certificate, as well as their other CDs, has a minimum deposit of $500. Integra Bank also has two other somewhat competitive CDs that they are offering: a 2-year CD returning 1.35% APY, and a 5-year CD that yields 2.25% APY. Integra also has an “easy access” 14-month CD that’s yielding 0.95% APY, but there aren’t a lot of details on what the “easy access” part of this certificate actually is.
Integra Bank has over 50 branches, including 12 in Illinois: two each in Mt. Vernon and Plainfield, and one each in Bridgeview, Brookport, Carmi, Elizabethtown, Golconda, Mokena, Shawneetown, and Vienna.
Competitive CDs in various terms at AA Credit Union
AA (American Airlines) Credit Union has a number of extremely competitive mid-term and long-term CDs:
- 1-year CD: 1.26% APY
- 2-year CD: 1.76% APY
- 30-month CD: 2.02% APY
- 3-year CD: 2.27% APY
- 4-year CD: 2.42% APY
- 5-year CD: 2.88% APY
These CDs all have a $10,000 minimum, although they’re also available with a $1000 minimum if you’re willing to take 0.05%-0.10% off of the rate. Their penalty for early withdrawal is 6 months’ interest on 1-to-3-year CDs, and 1 year’s interest on 4- and 5-year CDs. AACU tends to change their rates only once a month, so these rates may be good through all of March; no promises, however.
AA Credit Union is open to anyone who works directly with the air transportation industry — not just American Airlines employees. This includes airline employees, TSA and FAA employees, baggage handlers, those who deal with airline food services, and others. It also is open to those who are retired from the air transportation industry.
The four local branches of AA Credit Union are all located on the grounds of O’Hare Airport — in Terminal 3, Concourse K; in Terminal 3, Concourse G; in the West Mezzanine Level, Terminal 3; and at 9950 W. Lawrence Ave., Suite 219.
CDs up to 2.50% at Mutual Federal Bank
Mutual Federal Bank has a number of competitive CDs available:
- 3-year certificate: 2.00% APY
- 4-year certificate: 2.25% APY
- 5-year certificate: 2.50% APY
The CDs have a minimum deposit of $500 and a maximum deposit of $90,000. The CDs are also available as traditional IRA or Roth IRA CDs at the same rates.
Mutual Federal Bank has two branches: 2212 W. Cermak in Chicago and 2695 Forgue Dr. in Naperville. The Naperville branch is called Great American Bank.
5-year, 2.70% CD at BCU
BCU (Baxter Credit Union) has a very competitive long-term CD available: a 5-year CD that’s yielding 2.70% APY. This CD is their “Rewards” CD, and in order to get this APY you must either have direct deposit of at least $500 per month into their checking account, have a qualifying loan in good standing, or have at least $25,000 on deposit. As I read it, a CD with a $25,000 deposit might qualify for this rate, but you’d have to double-check with BCU to make sure. Without the “rewards” aspect, the CD still has a respectable rate of 2.45% APY.
BCU is open to anyone who lives in Lake County (Illinois), DuPage County, McHenry County, Kane County, Cook County north of Route 58, the city of Schaumburg, or Kenosha County in Wisconsin. The best that I can tell, there are six area branches of BCU, listed below for your convenience:
- 415 South Main, Crystal Lake
- Lake Cook Road and Saunders Road, Deerfield
- 400 North Field Drive, Lake Forest
- 1485 Waukegan Road, McGaw Park
- West Belvidere Road and North Wilson Road, Round Lake
- 340 North Milwaukee Avenue, Vernon Hills
59-month CD at Consumers Credit Union up to 2.75%
Consumers Credit Union has a relatively high long-term CD available: Their 59-month CD is yielding 2.50% APY. This CD has a minimum deposit of $250. Even better, their jumbo 59-month CD (minimum deposit of $100,000) has an APY of 2.75%. These are really their only competitive CDs: Consumer CU’s 4-year CDs are at 1.10% APY, and it only gets lower from there.
Consumers Credit Union has five locations in the northern Chicago suburbs: Two in Waukegan, and one each in Gurnee, Mundelein, Round Lake Beach, and Volo. Unlike most credit unions, Consumers Credit Union has no barrier to membership — anyone can join by paying a one-time, non-refundable $5.00 fee to the Consumers Cooperative Association.
5-year, 2.80% CD at USA One Credit Union
USA One Credit Union has a number of competitive rates on longer-term CDs, the highest of which is a 2.80% APY on a 5-year CD. Other rates include a 3-year CD at 2.30% APY, a 3½-year CD at 2.40% APY, and a 4-year CD at 2.50% APY. If you’re looking really long-term, USA One is also offering a 10-year CD at 3.10% APY. These CDs all have a $250 minimum deposit, and according to their website it’s possible that even higher rates are available for deposits greater than $10,000.
USA One Credit Union is open to people who work within a 12 -mile radius of Matteson, as well as people who live or work in Addison, Bensenville, Berwyn, Chicago, Cicero, Elk Grove Village, Elmhurst, Glen Ellyn, Hometown, Itasca, Lombard, Oakbrook Terrace, Villa Park, Whiting and Wood Dale. USA One has two locations: 4749 Lincoln Mall Dr. in Matteson and 729 N. Route 83 in Bensenville.
Competitive CDs across terms at National Republic Bank of Chicago
National Republic Bank of Chicago has a number of CDs that are at competitive rates:
- 1-year CD: 1.26% APY
- 18-month CD: 1.41% APY
- 2-year CD: 1.66% APY
- 30-month CD: 2.02% APY
- 3-year CD: 2.12% APY
- 5-year CD: 2.27% APY
These CDs all have a minimum balance requirement of $1000 and a maximum deposit of $98,999. According to the website, however, the minimum deposit requirement is waved for senior citizen accounts. The rates are accurate as of November 9th.
National Republic Bank has two locations, both in Chicago: 1201 W. Harrison and 2615 W. Devon.
CDs up to 2.75% at Mutual Federal Bank
Mutual Federal Bank has a number of competitive CDs available:
- 30-month and 3-year CDs: 2.00% APY
- 4-year CDs: 2.25% APY
- 5-year CDs: 2.75% APY
Mutual Federal doesn’t list any minimum deposit for these accounts, but the CDs do have a maximum deposit of $90,000. The rates were accurate as of November 5th.
Mutual Federal Bank has two branches: 2212 W. Cermak in Chicago and 2695 Forgue Dr. in Naperville. The Naperville branch is called Great American Bank.
CDs up to 2.75% at Evergreen Private Bank
Evergreen Private Bank has a few competitive-rate CDs available:
- 2-year CD: 1.70% APY
- 30-month CD: 1.90% APY
- 3-year CD: 2.10% APY
- 4-year CD: 2.30% APY
- 5-year CD: 2.75% APY
These CDs all have a minumum deposit of $1000. Evergreen Bank Group also offers the CDARS Program, which provides FDIC insurance for Certificates of Deposit for up to $50,000,000; contact them for more information on that.
Evergreen Private Bank has one location: 1515 West 22nd Street, Suite 100W in Oak Brook — right next to Oakbrook Mall.
CDs up to 2.75% at Alliant Credit Union
Our apologies for the lack of posting recently. It should start picking up again.
Alliant Credit Union has a number of competitive CD rates available:
- 12-to-23-month CDs: 1.60% APY
- 24-to-35-month CDs: 1.85% APY
- 36-to-47-month CDs: 2.10% APY
- 48-to-60-month CDs: 2.75% APY
These CDs have a $25,000 minimum, but the CDs are also available with a $1000 minimum with only a .10% rate drop. These rates are also available as traditional IRA CDs, Roth IRA CDs, SEP IRA CDs, and Coverdell ESAs.
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.
Alliant Credit Union has 10 locations, three of which are in Chicagoland: One in Des Plaines, one at United World Headquarters in Mt. Prospect (United World Headquarters employees only), and one in O’Hare Airport.
CDs up to 2.91% at Access Credit Union
Access Credit Union has a number of competitive long-term CDs:
- 3-year CDs: 2.51% APY
- 4-year CDs: 2.65% APY
- 5-year CDs: 2.91% APY
Membership is available for a relatively large geographical area: Anyone who lives or works in Bellwood, Berkeley, Berwyn, Broadview, Brookfield, Cicero, Elmhurst, Forest Park, Hillside, Hinsdale, Lagrange, Lagrange Park, Maywood, Melrose Park, Northlake, North Riverside, Oak Brook, Oak Park, River Forest, Riverside, Stone Park, and Westchester. Membership is also available to anyone who lives or works in Chicago zip code 60616 or in the area bordered by Lake Michigan on the East, California Ave on the West, Garfield Ave/55th Street on the South and Harrison Street on the North.
Access Credit Union has two locations: One in Chicago and one in Westchester.
CDs up to 3.25% at Access Credit Union
Access Credit Union has a number of very good CD rates up to 3.25% APY:
- 6-month CD: 2.15% APY
- 12-month CD: 2.41% APY
- 18-month CD: 2.55% APY
- 24-month CD: 2.65% APY
- 30-month CD: 2.91% APY
- 36-month CD: 3.00% APY
- 48-month CD: 3.15% APY
- 60-month CD: 3.40% APY
These CDs all have $10,000 minimums. They are also available with $500 minimums, but 15-17 basis points lower than the $10,000-minimum CDs. The CDs are also all available as IRA CDs.
Membership is available for a relatively large geographical area: Anyone who lives or works in Bellwood, Berkeley, Berwyn, Broadview, Brookfield, Cicero, Elmhurst, Forest Park, Hillside, Hinsdale, Lagrange, Lagrange Park, Maywood, Melrose Park, Northlake, North Riverside, Oak Brook, Oak Park, River Forest, Riverside, Stone Park, and Westchester. Membership is also available to anyone who lives or works in Chicago zip code 60616 or in the area bordered by Lake Michigan on the East, California Ave on the West, Garfield Ave/55th Street on the South and Harrison Street on the North.
Access Credit Union has two locations: One in Chicago and one in Westchester.
