Chicago CD Rates Survey for the week August 13, 2012

Written by: PrimeRateNews Staff

Chicago CD Rates Survey for the week August 13, 2012

According to a recent Primerates.com survey conducted on August 13, 2012 of Chicago CD rates offered by the area banks & credit unions, Chicago’s largest financial institutions offered short-term savers 1-year CDs with rates between 0.10% at U S Bank National (www.usbank.com), and 0.35% at Bank of America (www.bankofamerica.com). In the meantime, Harris National (www.harrisbank.com) offered the highest 3-year and 5-year CDs, with 0.60% and 1.09% respectively.

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% 0.80%
Harris National 0.10% 0.25% 0.40% 0.60% 0.70% 1.09%
Bank of America 0.30% 0.35% 0.35% 0.50% 0.70% 0.80%
PNC Bank National 0.10% 0.20% 0.35% 0.40% 0.75% 1.00%
City Bank 0.15% 0.25% 0.30% 0.45% 0.55% 0.75%
Fifth Third Bank 0.10% 0.15% 0.40% 0.55% 0.70% 0.85%
MB Financial 0.10% 0.20% 0.40% 0.50% 0.75% 1.00%
First Midwest Bank 0.06% 0.10% 0.25% 0.45% 0.64% 0.84%
U S Bank National 0.05% 0.10% 0.25% 0.45% 0.65% 0.95%
RBS Citizens National NA NA 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.

This article was first published on http://moneyprime.com.


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