Best Credit Union CD Rates in Illinois, IL

You are viewing rates from credit unions across Illinois

Below are the best one year CD Rates from credit unions in Illinois. One year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.

IL - December 13, 2024

1 Year CD National Average : 0.55% ^?

Credit Unions	APY	MIN	MILES ^?
Self-help Restrictions	4.60%	$500	-	Learn More
northcape5 \| Sep 27, 2016 why have you not updated your rates Read More Reviews (1)
American Airlines Restrictions	4.60%	$1,000	-	Learn More
jose \| Jun 12, 2017 five star......great location...fast service Read More Reviews (1)
Northrop Grumman Restrictions	4.54% 4.38%	$40,000 $250	-	Learn More Add Review
Rate History: 4.80% → 4.85% → 4.59% → 4.64% → 4.54%
Navy Federal Credit Union Restrictions	4.15% 4.10%	$100,000 $1,000	-	Learn More
Rate History: 5.10% → 4.85% → 4.75% → 4.35% → 4.15%
Amanda Frank \| Feb 25, 2023 HORRIBLE SERVICE. My son's campus checking account was hacked and over $9000 was stolen. Fraud department was impossible to reach and we waited on phone several days for over 2 hours at a time. They too... Read More Reviews (19)
Alliant Restrictions	4.15% 4.10%	$75,000 $1,000	-	Learn More
Rate History: 5.45% → 5.20% → 0.48% → 4.75% → 4.15%
Gaius Gracchus \| Mar 22, 2024 Their CD rates are reasonable and their Visa rewards is very good at 2.5% on all purchases up to 10K/month. Their customer service is polite and helpful. However, their IT department must need some serio... Read More Reviews (5)
Citizens Equity First Restrictions	4.05% 4.00%	$100,000 $5	-	Learn More Add Review
Rate History: 0.40% → 3.15% → 4.30% → 4.55% → 4.05%
Covantage Restrictions	4.00%	$1,000	-	Learn More Add Review
Baxter Restrictions	3.60%	$500	-	Learn More Add Review
Rate History: 3.50% → 4.00% → 3.70% → 3.60%
Corporate America Family Restrictions	3.56% 3.51%	$1,000 $10,000	-	Learn More Add Review
Rate History: 3.51% → 3.56%
Connexus Restrictions	3.52% 3.42%	$100,000 $5,000	-	Learn More
Rate History: 5.06% → 5.25% → 4.61% → 3.86% → 3.52%
Josh Hinson \| Feb 3, 2023 So I financed a camper through this group. The plumbing water sewer black and gray tank fell to the ground 30 days after purchase. It was being “ fixed “ for almost 5 months the dealer assured me I wou... Read More Reviews (7)
Quorum Restrictions	2.60%	$1,000	-	Learn More
Rate History: 5.00% → 12.00%
Sharon \| Sep 20, 2023 Have been a member for 15 years and love everything about them: have a HighQ account, and QClassic checking and had a mortgage with them, too. Read More Reviews (2)
Great Lakes Restrictions	1.55% 1.25%	$100,000 $1,000	-	Learn More Add Review
Polish & Slavic Restrictions	1.50% 1.35% 1.20%	$90,000 $50,000 $500	-	Learn More Add Review
Cooperative Choice Network Restrictions	1.00%	$500	-	Learn More Add Review
Chicago Firefighter's Restrictions	1.00%	$10,000	-	Learn More Add Review
Ascentra Restrictions	0.85%	$100,000	-	Learn More Add Review
Service Plus	0.85%	$10,000	-	Learn More Add Review
Iaa Restrictions	0.85%	$100,000	-	Learn More Add Review
Prairieland Restrictions	0.80%	$100,000	-	Learn More Add Review
Blaw-knox	0.80%	$10,000	-	Learn More Add Review
Ascentra Restrictions	0.75%	$10,000	-	Learn More Add Review
Gas And Electric Restrictions	0.75%	$10,000	-	Learn More Add Review
Moline Municipal Restrictions	0.75%	$10,000	-	Learn More Add Review
Iaa Restrictions	0.75%	$10,000	-	Learn More Add Review
I. H. Mississippi Valley Restrictions	0.75%	$10,000	-	Learn More Add Review
Selfreliance Restrictions	0.75%	$10,000	-	Learn More Add Review
Chicago Patrolmen's Restrictions	0.75%	$10,000	-	Learn More Add Review
Scott Restrictions	0.70%	$100,000	-	Learn More Add Review
R.i.a. Restrictions	0.70%	$10,000	-	Learn More Add Review
Acme Continental Restrictions	0.70%	$10,000	-	Learn More Add Review
Adm	0.65%	$10,000	-	Learn More Add Review
Prairieland Restrictions	0.65%	$1,000	-	Learn More Add Review
Gateway Metro Restrictions	0.65%	$10,000	-	Learn More Add Review
First Financial Restrictions	0.65%	$10,000	-	Learn More Add Review
Illinois State Restrictions	0.61%	$10,000	-	Learn More Add Review
Tech Restrictions	0.60%	$100,000	-	Learn More Add Review
First Community Restrictions	0.60%	$10,000	-	Learn More Add Review
Gcs Restrictions	0.60%	$10,000	-	Learn More
Ron Frauenfelder \| Jul 11, 2022 I had the good fortune to speak with Sara S., when I contacted the call center. She immediately took ownership of my request. She was very personable and professional. It was quite apparent to me that Sar... Read More Reviews (2)
Dupaco Community Restrictions	0.60%	$10,000	-	Learn More Add Review
Gale Restrictions	0.60%	$10,000	-	Learn More Add Review
Consumers Cooperative Restrictions	0.60%	$100,000	-	Learn More Add Review
Blackhawk Area Restrictions	0.60%	$500	-	Learn More Add Review
Streator Onized Restrictions	0.60%	$10,000	-	Learn More Add Review
Andigo Restrictions	0.60%	$100,000	-	Learn More Add Review
Xceed Financial Restrictions	0.60%	$10,000	-	Learn More Add Review
1st Midamerica Restrictions	0.60%	$10,000	-	Learn More Add Review
Healthcare Associates Restrictions	0.60%	$100,000	-	Learn More Add Review
Catholic & Community Restrictions	0.60%	$10,000	-	Learn More Add Review
Heartland Restrictions	0.60%	$10,000	-	Learn More Add Review
1st Gateway Restrictions	0.60%	$1,000	-	Learn More Add Review
Land Of Lincoln Restrictions	0.55%	$100,000	-	Learn More Add Review
Du Trac Community Restrictions	0.55%	$10,000	-	Learn More Add Review
Cornerstone Restrictions	0.55%	$100,000	-	Learn More Add Review
Midwest Members	0.55%	$10,000	-	Learn More Add Review
Staley Restrictions	0.55%	$100,000	-	Learn More Add Review
Parda Restrictions	0.55%	$100,000	-	Learn More
Renee G \| Mar 3, 2021 I have had a few on line issues over the past 2 days one gets corrected to have another creep up. I have talked to Nicole lots of times over the past few years, Tiffany yesterday and Yvette today. All 3 ... Read More Reviews (1)
Mid-illini	0.52%	$100,000	-	Learn More Add Review
Streator Community Restrictions	0.50%	$10,000	-	Learn More Add Review
Landmark Restrictions	0.50%	$10,000	-	Learn More Add Review
Illiana Financial Restrictions	0.50%	$10,000	-	Learn More Add Review
Vantage Restrictions	0.50%	$100,000	-	Learn More
FJM \| Jun 14, 2023 The employees and managers at Vantage act as if the pandemic is over. NO ONE wears a mask. I am medically vulnerable with a chronic lung condition and asked the employee dealing with me if he would put on ... Read More Reviews (1)
Scott Restrictions	0.50%	$10,000	-	Learn More Add Review
Parda Restrictions	0.50%	$10,000	-	Learn More
Renee G \| Mar 3, 2021 I have had a few on line issues over the past 2 days one gets corrected to have another creep up. I have talked to Nicole lots of times over the past few years, Tiffany yesterday and Yvette today. All 3 ... Read More Reviews (1)
Taylorville Community Restrictions	0.50%	$100,000	-	Learn More Add Review
Mid-illini	0.50%	$10,000	-	Learn More Add Review
Consumers Cooperative Restrictions	0.50%	$10,000	-	Learn More Add Review
Riverside Community Restrictions	0.50%	$10,000	-	Learn More Add Review
Credit Union 1	0.50%	$10,000	-	Learn More Add Review
Abri Restrictions	0.50%	$10,000	-	Learn More Add Review
Healthcare Associates Restrictions	0.50%	$10,000	-	Learn More Add Review
Vibrant Restrictions	0.50%	$10,000	-	Learn More
donnasspicer \| Apr 24, 2023 No they don’t have deposit as a function. Read More Reviews (2)
Numark Restrictions	0.50%	$1,000	-	Learn More Add Review
Elite Community	0.50%	$10,000	-	Learn More Add Review
New Century Restrictions	0.50%	$10,000	-	Learn More Add Review
Andigo Restrictions	0.50%	$10,000	-	Learn More Add Review
United Restrictions	0.50%	$10,000	-	Learn More Add Review
Archer Heights	0.50%	$10,000	-	Learn More Add Review
Planites Restrictions	0.50%	$10,000	-	Learn More Add Review
Maroon Financial	0.50%	$10,000	-	Learn More Add Review
Metro	0.50%	$100,000	-	Learn More Add Review
Community Plus	0.45%	$10,000	-	Learn More Add Review
First Northern Restrictions	0.45%	$100,000	-	Learn More Add Review
Siu Restrictions	0.45%	$100,000	-	Learn More Add Review
Land Of Lincoln Restrictions	0.45%	$10,000	-	Learn More Add Review
The Family Restrictions	0.45%	$500	-	Learn More Add Review
Arsenal Restrictions	0.45%	$10,000	-	Learn More Add Review
Fieldstone Restrictions	0.41%	$10,000	-	Learn More Add Review
Earthmover Restrictions	0.40%	$10,000	-	Learn More Add Review
Cornerstone Restrictions	0.40%	$10,000	-	Learn More Add Review
Rockford Bell Restrictions	0.40%	$10,000	-	Learn More Add Review
Ottawa Hiway	0.40%	$10,000	-	Learn More Add Review
Partnership Financial Restrictions	0.40%	$100,000	-	Learn More Add Review
United Community Restrictions	0.40%	$1,000	-	Learn More Add Review
Commonwealth Restrictions	0.40%	$10,000	-	Learn More Add Review
Siu Restrictions	0.40%	$10,000	-	Learn More Add Review
Taylorville Community Restrictions	0.40%	$10,000	-	Learn More Add Review
Central Credit Union Of Illinois Restrictions	0.40%	$10,000	-	Learn More Add Review
Metro	0.40%	$10,000	-	Learn More Add Review
Tech Restrictions	0.35%	$10,000	-	Learn More Add Review
University Of Illinois Community Restrictions	0.35%	$10,000	-	Learn More Add Review
First Northern Restrictions	0.35%	$10,000	-	Learn More Add Review
Partnership Financial Restrictions	0.35%	$10,000	-	Learn More Add Review
Financial Plus Restrictions	0.35%	$10,000	-	Learn More Add Review
Staley Restrictions	0.30%	$10,000	-	Learn More Add Review
Rock Valley	0.30%	$10,000	-	Learn More Add Review
Western Illinois	0.30%	$1,000	-	Learn More Add Review
Verve, A Credit Union Restrictions	0.30%	$1,000	-	Learn More Add Review
Midwest Coalition Of Labor Restrictions	0.30%	$10,000	-	Learn More Add Review
Greenstate Restrictions	0.30%	$500	-	Learn More
Slynyrd \| Nov 11, 2022 It would be great to hear back from someone regarding my bump-up rate currently available, BEFORE 18 days has passed. Still waiting. Read More Reviews (2)
Central Illinois	0.27%	$10,000	-	Learn More Add Review
Kemba Peoria	0.25%	$10,000	-	Learn More Add Review
Vantage Restrictions	0.25%	$10,000	-	Learn More
FJM \| Jun 14, 2023 The employees and managers at Vantage act as if the pandemic is over. NO ONE wears a mask. I am medically vulnerable with a chronic lung condition and asked the employee dealing with me if he would put on ... Read More Reviews (1)
Membersalliance Restrictions	0.25%	$10,000	-	Learn More Add Review
Community Trust Restrictions	0.25%	$10,000	-	Learn More Add Review
Midwest America Restrictions	0.25%	$10,000	-	Learn More Add Review
Redbrand Restrictions	0.20%	$10,000	-	Learn More Add Review
First Community Cu Of Beloit Restrictions	0.20%	$10,000	-	Learn More Add Review
Decatur Earthmover Restrictions	0.20%	$100,000	-	Learn More Add Review
Advia Restrictions	0.20%	$10,000	-	Learn More
justjan711 \| Dec 9, 2018 I have been a member of this credit union for more than 40 years. Over time it has had many changes but the worst one they did was to hire the man that is the manager of the Cranston Road Branch. He is c... Read More Reviews (2)
Heritage Restrictions	0.20%	$10,000	-	Learn More Add Review
Eaton Family Restrictions	0.20%	$10,000	-	Learn More Add Review
Kane County Teachers Restrictions	0.20%	$10,000	-	Learn More Add Review
Illinois Community Restrictions	0.20%	$10,000	-	Learn More Add Review
South Division Restrictions	0.20%	$10,000	-	Learn More Add Review
Genfed Financial	0.18%	$10,000	-	Learn More Add Review
Decatur Earthmover Restrictions	0.15%	$10,000	-	Learn More Add Review
Edu Restrictions	0.10%	$500	-	Learn More Add Review
Members First" Community"	0.10%	$10,000	-	Learn More Add Review
Kaskaskia Valley	0.10%	$10,000	-	Learn More Add Review
St. Mark	0.10%	$10,000	-	Learn More Add Review
Dupage Restrictions	0.07%	$10,000	-	Learn More Add Review

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

See rates for Online Banks →

See rates for Local Banks →

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

PRODUCT INFORMATION

Credit Union One-Year Certificates of Deposit 2024

Credit union certificates of deposit (“CDs”, also commonly called “time deposits” 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 (in the case of 1-year CDs, the period is obviously 1-year), 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, and many that do maintain the right to deny it in their terms and conditions. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union.

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 1-year 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 time deposit is 3 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 next 12 months (or the period of your time deposit or CD). The premium in a one-year CD is very small, however, 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 in order to understand the importance of compounding interest at higher rates on your money over time.

SAVINGS & CD CALCULATOR

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Credit Union CD Rates Illinois

PRODUCT INFORMATION

Credit Union One-Year Certificates of Deposit 2024

NCUA Insurance

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS

Is my money any less safe at a credit union?

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

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)?

SAVINGS & CD CALCULATOR

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