Highest CD Rates in Skokie, IL: 24-Month Term
You may already be aware that certificates of deposit generally pay out higher interest rates than traditional savings accounts, but did you know that the longer the CD, the higher the rate? Financial institutions like customers to keep their money on deposit for as long as possible, so they’ll reward long-term account holders with better interest rates. That means if you’re looking for the best Skokie CD rates, 24-month (2-year) CD accounts are sure to offer the highest rates.
Today’s 2-Year CD Rates in Skokie
To get a better idea of what currently available, here’s a look at the highest, lowest and average 24-month CD rates in Skokie right now:
Number of Accounts Available: 85
Highest Rate: 1.76% APY
Lowest Rate: 0.3% APY
Average Rate: 0.96% APY
Local Banks and Credit Unions with the Best 24-Month CD Rates
The following are the local Skokie financial institutions that are currently offering the highest 24-month CD interest rates:
- Co-Operative Credit Union: 1.76%
- Midwest Carpenters & Millwrights Credit Union: 1.67%
- Chicago Municipal Employees Credit Union: 1.56%
- International Bank of Chicago: 1.5%
- Edgebrook Bank: 1.4%
These rates are accurate as of 5/13/11 but are subject to change at any time. To view current 24-month CD rates, visit our Skokie 2-Year CD Rates page.
