Best Bank Rates in Chicago, IL
We here at Online Banks Blog realized that we have a lot of readers who are in Chicago, so we thought we would focus on that town today and show you what some of the best rate offers in your area are. The bank rates in Chicago are definitely competitive nationally.
CD Accounts
For certificate of deposit accounts, the best bank rates in Chicago on 1 year terms are at Ally Bank and Discover bank with a 2.05% and 2.00% APY respectively. Ally has no minimum deposit requirement while Discover requires a $2,500 deposit to maintain.
For a 3 year term, Chicago IL bank rates are best at Ally, Discover, and First Savings Bank of Hegewisch. All three are showing a 2.75% APY with a $0, $2,500, and $500 minimum deposit required (respectively).
Finally, for a 5 year term, bank rates in Chicago are best on CDs at both Ally and Discover Banks, which have a 3.40% APY with a $0 and $2,500 minimum deposit respectively.
Mortgages
For those looking for a home mortgage, the best 30 year fixed Chicago IL bank rates are at Quicken Loans with a 4.875% interest (5.102% APR) offer and at Bank of America with a 5.0% interest (5.231% APR) offer.
Both Bank of America and Quicken Loans have the best bank rates in Chicago for a 15-year fixed mortgage at 4.25% interest (4.563% APR).
Savings and Money Market
Finally, looking at the Chicago IL bank rates for savings and money market accounts, we see the best rates at Ally Bank with a 1.80% APY savings and a 1.70% APY money market account, both with no minimum deposit required.
All banks listed here are FDIC insured. The best bank rates in Chicago could change at any time, so lock yours in now if you see anything you like.
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