Illinois

Image Courtesy: www.pixabay.com

Kankakee, Illinois CD Rates – 18-Month

You are viewing rates from banks across Kankakee





Below are eighteen-month Certificates of Deposit (CD) rates from banks in Kankakee, Illinois . Eighteen Month CDs offer a bit more yield than 1 year CDs but require a longer time-commitment. Like any CD, you should consider the trade-off between the difference in yield and the required time commitment. If an 18 month CD pays significantly above the yield of a 12-month CD, it may be worth opening.

Kankakee, IL - August 8, 2025

18 Month CD National Average : 0.58% ?

Banks APY MIN MILES ?

Warning: Early Withdrawal Penalty is 2% of the account balance.
Rate History: 4.20% → 4.15% → 4.05% → 4.20% → 4.15%

| Jul 3, 2023

A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one. Read More

| Sep 18, 2023

I agree with another user, this bank is very poorly put together, and may very well be an operation in large part used to extract and sell people's personal information. I called customer service and had ... Read More

Early Withdrawal Penalty is 270 days interest.
Rate History: 4.10% → 4.15% → 4.10% → 4.00% → 4.10%

| Dec 18, 2023

I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More

Early Withdrawal Penalty is 90 days interest.
Rate History: 4.50% → 4.25% → 4.15% → 4.05% → 4.00%

| Jun 26, 2020

Rate not current Read More

Earty Withdrawal Penalty is 180 days interest.
Rate History: 4.75% → 4.50% → 4.35% → 3.85% → 3.80%

| Aug 2, 2023

Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More

Rate History: 4.00% → 3.95% → 4.00% → 3.95% → 3.80%

| Dec 21, 2023

Very easy to setup 6 month 5.35% CD from cornerstone account Read More

| Jun 2, 2022

I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More

Rate History: 0.15% → 1.00%

0.80%

$10,000

22.17

Learn More

0.60%

$100,000

24.93

Learn More

0.50%

$10,000

15.21

Learn More

0.50%

$100,000

23.79

Learn More

0.50%

$10,000

24.93

Learn More

0.49%

$100,000

14.95

Learn More

0.45%

$100,000

24.93

Learn More

| Nov 3, 2021

If anyone is considering using Midland States Bank for estate or trust planning and administration, I’d urge you to be careful and do your due diligence. I’ll first say that I am a CPA with experience ... Read More

0.45%

$10,000

3.67

Learn More

0.45%

$10,000

6.70

Learn More

0.40%

$10,000

23.79

Learn More

0.39%

$10,000

14.95

Learn More

0.35%

$10,000

24.93

Learn More

0.35%

$10,000

2.82

Learn More

0.25%

$10,000

24.93

Learn More

| Jun 10, 2022

This bank hasn't raised their rates! Maybe I was sleeping but I need to get out of here fast. Read More

0.23%

$10,000

3.39

Learn More

0.20%

$1,000

22.91

Learn More

| May 21, 2018

I wish I had never heard of or seen BBVA. It has been a disaster. Came to this site to find something else. Read More

0.10%

$1,000

13.00

Learn More

0.05%

$10,000

4.92

Learn More

| Jun 12, 2023

US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More

| May 18, 2019

Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More

| Nov 12, 2018

Helpful w/$ Read More

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

Branches Info around Kankakee, IL - August 8, 2025


Branch Street City State
Heartland Bank and Trust Company
Bank Of Elwood - A Branch Of Bank Of
430 East Mississippi Ave Elwood IL
Vermilion Valley Bank
Kempton Branch
Main & Railroad St Kempton IL
Prospect Bank
Gilman Branch
209 South Crescent Street Gilman IL
Iroquois Federal Savings and Loan Association
175 E 4th Ave Branch
175 East 4th Avenue Clifton IL
Citizens State Bank of Milford
Crescent City Branch
307 East Main Street Crescent City IL
Prospect Bank
Gilman Branch
209 South Crescent Street Gilman IL
First Community Bank and Trust
Peotone Branch
650 Wilmington Road Peotone IL
Prospect Bank
Gilman Branch
209 South Crescent Street Gilman IL
Midland States Bank
Herscher Branch
654 North Park Road Herscher IL
First Trust Bank of Illinois
Bourbonnais Branch
1090 Main Street, N.W. Bourbonnais IL
Federated Bank
Chebanse Facility Branch
First North And Chestnut Streets Chebanse IL
Citizens State Bank of Milford
Crescent City Branch
307 East Main Street Crescent City IL
First Community Bank and Trust
Peotone Branch
650 Wilmington Road Peotone IL
Prospect Bank
Gilman Branch
209 South Crescent Street Gilman IL
First American Bank
Bourbonnais Facility Branch
288 North Main Street Bourbonnais IL
Prospect Bank
Gilman Branch
209 South Crescent Street Gilman IL
Municipal Trust and Savings Bank
Municipal Trust And Savings Bank Branch
720 Main Street, N.W. Bourbonnais IL
First Bank of Manhattan
550 West North Street Office Branch
550 West North Street Manhattan IL
The First Trust and Savings Bank of Watseka, Illinois
Clifton Branch
145 East Fifth Avenue Clifton IL
The Bank of Bourbonnais
The Bank Of Bourbonnais Branch
One Heritage Plaza Bourbonnais IL
U.S. Bank National Association
Braidwood Branch
170 East Main Street Braidwood IL
PNC Bank, National Association
Bourbonnais Branch
425 Main Street, N.W. Bourbonnais IL
Fifth Third Bank, National Association
Kanakee Bm Branch
1200 N. Kennedy Dr. Kankakee IL


BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

18 Month CDs - Branch Banks 2025

Banks offer a range of Certificates of Deposit (CD) with 18 month CDs being a popular term. An eighteen month CD obligates the holder to keep their money in the bank for eighteen months in return for a fixed rate of interest during that time period. All eighteen month bank CDs shown on BestCashCow are FDIC insured.

Eighteen month CDs can be opened in almost any bank branch as the are a mainstay of bank deposit products.

The advantages of an eighteen month CD are:

  • A slightly higher rate than 12 month CDs in return for leaving the money in the bank longer.
  • A fixed rate during the 18 month period.
  • FDIC insurance.
  • Convenience of opening and managing the CD at a local branch.

The disadvantages of an eighteen month branch CDs are:

  • Rates are generally lower than on the top online savings and CD accounts.
  • Money is tied up for 18 months. Removing it early results in significant penalties.
  • Opening in a branch requires a personal visit.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

SAVINGS & CD CALCULATOR

Find out how much extra money you can earn by moving your bank money into an account that pays more.

Use or Change these Amounts And Rates