Illinois

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Credit Union CD Rates – 18-Month – Joliet, Illinois 2019

Below are eighteen month Certificates of Deposit (CD) rates from credit unions in Joliet, 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.

Joliet, IL - December 11, 2019

18 Month CD National Average : 0.97% ?

Advertiser Disclosure
Credit UnionS APY MIN MILES ?
Moline Municipal
Restrictions
2.32% $1,000 5586.52
2.25% $100,000 -
2.25% $100,000 5498.74
Planites
Restrictions
2.25% $500 5471.93
2.15% $10,000 5498.74
2.07% $500 5481.70
Streator Onized
Restrictions
2.02% $1,000 5499.15
Iaa
Restrictions
2.02% $100,000 5482.55
Self-help
Restrictions
2.02% $500 5475.16
Vibrant
Restrictions
2.00% $100 5587.26
Arsenal
Restrictions
2.00% $500 5463.25
The Family
Restrictions
1.96% $500 5583.87
Alliant
Restrictions
1.95% $1,000 5489.23
Gas And Electric
Restrictions
1.95% $500 5591.73
Iaa
Restrictions
1.92% $1,000 5482.55
1.92% $500 5586.68
Eaton Family
Restrictions
1.91% $500 5489.83
Quorum
Restrictions
1.90% $100,000 5486.58
R.i.a.
Restrictions
1.87% $500 5593.80
First Community
Restrictions
1.85% $500 5463.63
Prairieland
Restrictions
1.85% $100,000 5483.71
Quorum
Restrictions
1.80% $1,000 5486.58
Gateway Metro
Restrictions
1.80% $500 5462.43
1.76% $500 5586.52
1.75% $250 5500.57
Scott
Restrictions
1.75% $1,000 5466.75
First Financial
Restrictions
1.75% $5,000 5478.80
Prairieland
Restrictions
1.70% $1,000 5483.71
Xceed Financial
Restrictions
1.70% $500 5492.95
Illinois State
Restrictions
1.66% $1,000 5484.41
Heartland
Restrictions
1.66% $1,000 5490.21
Andigo
Restrictions
1.65% $1,000 5501.23
1st Gateway
Restrictions
1.60% $1,000 5586.23
1.50% $500 5520.93
1.50% $500 5459.14
1.50% $1,000 5406.28
Earthmover
Restrictions
1.50% $5,000 5499.81
1.40% $1,000 5481.50
First Northern
Restrictions
1.40% $50,000 5472.46
Ohio Catholic
Restrictions
1.35% $100,000 -
Polish & Slavic
Restrictions
1.31% $500 5492.30
Rockford Bell
Restrictions
1.31% $1,000 5549.26
First Northern
Restrictions
1.30% $2,500 5472.46
Gcs
Restrictions
1.26% $1,000 5474.24
Financial Plus
Restrictions
1.25% $1,000 5507.97
Ohio Catholic
Restrictions
1.25% $25,000 -
Community Trust
Restrictions
1.20% $1,000 5503.10
Ascentra
Restrictions
1.20% $500 5589.04
Commonwealth
Restrictions
1.16% $1,000 5457.66
Vantage
Restrictions
1.15% $2,000 5473.46
1st Midamerica
Restrictions
1.15% $1,000 5479.87
Ohio Catholic
Restrictions
1.15% $500 -
Membersalliance
Restrictions
1.10% $500 5548.25
1.10% $500 5439.24
Tech
Restrictions
1.01% $1,000 5458.41
Acme Continental
Restrictions
1.00% $1,000 5463.52
Cornerstone
Restrictions
1.00% $1,000 5576.60
1.00% $1,000 5523.95
Midwest America
Restrictions
1.00% $10,000 5420.42
Blackhawk Area
Restrictions
1.00% $500 5593.90
Earthmover
Restrictions
1.00% $500 5499.81
0.95% $10,000 5494.50
0.95% $1,000 5554.44
0.90% $500 5523.04
0.90% $1,000 5549.84
Fieldstone
Restrictions
0.79% $500 5455.70
Dupaco Community
Restrictions
0.70% $1,000 5619.63
Parda
Restrictions
0.65% $500 5551.58
Staley
Restrictions
0.65% $1,000 5460.14
Siu
Restrictions
0.60% $1,000 5398.09
Land Of Lincoln
Restrictions
0.60% $10,000 5459.50
United
Restrictions
0.60% $500 5473.95
Landmark
Restrictions
0.50% $1,000 5406.49
0.40% $500 5476.06
Redbrand
Restrictions
0.30% $1,000 5519.49
0.25% $500 5509.27
0.20% $10,000 5462.53
Dupage
Restrictions
0.07% $1,000 5494.91
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

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

PRODUCT INFORMATION

Credit Union Certificates of Deposit 2019

Credit union certificates of deposit (“CDs”, also commonly called “time deposits�t at credit unions) are contract-based and time-based savings vehicles that are offered by credit unions. In return for agreeing to keep your money tied up with the credit union for a given time period, you earn a fixed rate or return that cannot change over the course of that period. Should you need your money before the expiration of the contractual period, the penalties for early withdrawal can be severe. Not all credit unions even offer early withdrawal from CDs; many that do offer it maintain the right to deny it in their fine print. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union. Read this article for further detail on early withdrawal penalties. {hyperlink: https://www.bestcashcow.com/articles/can-you-always-withdraw-your-money-early-from-a-cd-9178}

Many Americans enjoy performing their banking transactions with credit unions, citing better rates, non-profit status (owned by its depositors), more helpful employees, and a commitment to the community that is above the level offered by local banks. You will find a map with all credit unions that are close to you here. It is important to note that some credit unions have limited fields of membership, although others are more open ended. Under any circumstance, you must meet the membership requirements in order to become a member and open a CD or time deposit.

Those who are willing to tie up their money for one year will often get a slight premium over the best available savings rates. People who work with credit unions may find that they offer better rates on CDs or time deposits than local banks and online banks. You however should check the local bank rates where you live here and the online rates here.

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

NCUA Insurance

Most, but not all, credit unions listed on BestCashCow are insured by the National Credit Union Administration (NCUA). You should confirm that the credit union that you are working with is NCUA-insured by visiting that institution’s BestCashCow page (NCUA coverage is detailed on the overview tab). The NCUA insures each named individual's deposits to $250,000 for all accounts at the credit union within ownership class. The rules are very similar, but not identical, to those for FDIC insurance. You should always stay within NCUA insurance limits.

BestCashCow strongly recommends that you deposit money only in NCUA insured credit unions and that you stay within insured limits. If you are considering depositing over $250,000 at a single NCUA-insured credit union across products (share certificates, time deposits, etc.) or across types of ownership (individual, joint, etc.) you should use the NCUA’s Share Insurance Toolkit in order to be sure that you are not exceeding coverage limits.

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS

Is my money any less safe at a credit union?

As long as your credit union is NCUA insured and you stay within the NCUA limits, As long as your credit union is NCUA insured and you stay within the NCUA limits, your money is no less safe than it would be in an FDIC-insured bank.

Is there any difference between a time deposit offered by a credit union and a CD account offered by a bank?

The difference is mainly one of terminology. But, you should always completely understand the terms of a time deposit or CD before you enter it, paying careful attention to the early withdrawal penalties. A reasonable early withdrawal penalty for a 1-year CD or time deposit is 3 months, and a reasonable early withdrawal penalty for a longer term CD is 6 months.

Does the small amount of interest gained on a time deposit make sense given the fact that I am losing access to my capital (liquidity)?

This is a decision that depends on your own specific circumstances, your needs for cash, and other investments that you may wish to pursue over the period of your time deposit or CD. The premium in a one-year CD is very small, with the premium of longer-term CDs being a little wider. A small difference in compounding interest can make a large difference over long period of time. You may wish to familiarize yourself with our Savings Booster Calculator  {insert hyperlink} in order to understand the importance of compounding interest at higher rates on your money over time.

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