Illinois CD Rates 2023

Below are the best one-year CD Rates from banks 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 - March 24, 2023

1 Year CD National Average : 0.44% ^?

Banks	APY	MIN	MILES ^?
Sponsored		Advertiser Disclosure
	4.50%	$2,500	-	Learn More on the Discover Bank website
Guaranteed returns. No account fees. Member FDIC.
Modern Bank, National Association	5.15%	$1,000	-	Learn More Reviews
State Bank of Texas	5.05%	$100,000	-	Learn More Reviews (10)
BMO Harris Bank National Association	5.00%	$1,000	-	Learn More Reviews (7)
Merrick Bank	4.95%	$25,000	-	Learn More Reviews (1)
Warning: Early Withdrawal Penalty is 2% of the account balance.
M.Y. Safra Bank	4.86%	$500	-	Learn More Reviews (6)
Bask Bank	4.70%	$1,000	-	Learn More Reviews
Beal Bank USA	4.65%	$1,000	-	Learn More Reviews (3)
Citizens Bank, National Association	4.50%	$5,000	-	Learn More Reviews (1)
The Federal Savings Bank	4.25%	$10,000	-	Learn More Reviews
Forbright Bank	4.00%	$1,000	-	Learn More Reviews
Hingham Institution for Savings	1.65%	$1,000	-	Learn More Reviews
Preferred Bank	0.90%	$10,000	-	Learn More Reviews
Sterling Bank	0.90%	$10,000	-	Learn More Reviews (1)
Raritan State Bank	0.90%	$100,000	-	Learn More Reviews
United Community Bank	0.90%	$10,000	-	Learn More Reviews
Midwest Bank	0.85%	$100,000	-	Learn More Reviews
Grand Rivers Community Bank	0.85%	$10,000	-	Learn More Reviews
St. Louis Bank	0.80%	$100,000	-	Learn More Reviews
State Bank of Cherry	0.80%	$1,000	-	Learn More Reviews
Anderson State Bank	0.80%	$100,000	-	Learn More Reviews
Security Savings Bank	0.80%	$100,000	-	Learn More Reviews
Raritan State Bank	0.80%	$50,000	-	Learn More Reviews
First State Bank of St. Peter	0.80%	$1,000	-	Learn More Reviews
Casey State Bank	0.75%	$10,000	-	Learn More Reviews
The FNB Community Bank	0.75%	$1,000	-	Learn More Reviews
The Bradford National Bank of Greenville	0.75%	$10,000	-	Learn More Reviews
Anna State Bank	0.75%	$100,000	-	Learn More Reviews
Farmers National Bank	0.75%	$100,000	-	Learn More Reviews
Community National Bank in Monmouth	0.75%	$100,000	-	Learn More Reviews
Republic Bank of Chicago	0.75%	$1,000	-	Learn More Reviews
United Fidelity Bank, fsb	0.72%	$10,000	-	Learn More Reviews
Midwest Bank	0.70%	$10,000	-	Learn More Reviews
St. Louis Bank	0.70%	$10,000	-	Learn More Reviews
First State Bank of Beecher City	0.70%	$10,000	-	Learn More Reviews
Anderson State Bank	0.70%	$10,000	-	Learn More Reviews
Community Partners Savings Bank	0.70%	$10,000	-	Learn More Reviews (2)
BankOrion	0.70%	$100,000	-	Learn More Reviews
The City National Bank of Metropolis	0.70%	$10,000	-	Learn More Reviews
Allied First Bank,sb	0.70%	$10,000	-	Learn More Reviews
Evergreen Bank Group	0.70%	$10,000	-	Learn More Reviews
Washington Savings Bank	0.70%	$10,000	-	Learn More Reviews
Mutual Federal Bank	0.65%	$500	-	Learn More Reviews
Mason City National Bank	0.65%	$100,000	-	Learn More Reviews
The Havana National Bank	0.65%	$10,000	-	Learn More Reviews
Southern Bank	0.65%	$100,000	-	Learn More Reviews
Community National Bank in Monmouth	0.65%	$10,000	-	Learn More Reviews
The First National Bank of Brownstown	0.65%	$10,000	-	Learn More Reviews
Parkway Bank and Trust Company	0.65%	$10,000	-	Learn More Reviews (1)
Hanmi Bank	0.65%	$100,000	-	Learn More Reviews
Milledgeville State Bank	0.65%	$100,000	-	Learn More Reviews
The First National Bank of Allendale	0.65%	$10,000	-	Learn More Reviews
Crossroads Bank	0.60%	$10,000	-	Learn More Reviews
The First National Bank in Amboy	0.60%	$10,000	-	Learn More Reviews
State Bank	0.60%	$10,000	-	Learn More Reviews
First National Bank of Steeleville	0.60%	$10,000	-	Learn More Reviews
Vermilion Valley Bank	0.60%	$10,000	-	Learn More Reviews
The First National Bank of Raymond	0.60%	$10,000	-	Learn More Reviews
The Peoples State Bank of Newton, Illinois	0.60%	$10,000	-	Learn More Reviews
Southern Bank	0.60%	$10,000	-	Learn More Reviews
Anna State Bank	0.60%	$1,000	-	Learn More Reviews
LIBERTY BANK	0.60%	$10,000	-	Learn More Reviews
West Town Bank & Trust	0.60%	$1,000	-	Learn More Reviews
Prospect Bank	0.60%	$100,000	-	Learn More Reviews
BankOrion	0.60%	$10,000	-	Learn More Reviews
Bank of Stronghurst	0.60%	$10,000	-	Learn More Reviews
First Federal Savings and Loan Association of Central Illinois, S.B.	0.60%	$10,000	-	Learn More Reviews
First FSB of Mascoutah	0.60%	$10,000	-	Learn More Reviews
Community Partners Savings Bank	0.60%	$10,000	-	Learn More Reviews (2)
The First National Bank in Carlyle	0.60%	$1,000	-	Learn More Reviews
First Neighbor Bank, National Association	0.57%	$500	-	Learn More Reviews
The First National Bank of Carmi	0.55%	$10,000	-	Learn More Reviews
State Bank of Bement	0.55%	$10,000	-	Learn More Reviews
Blackhawk Bank & Trust	0.55%	$10,000	-	Learn More Reviews
Sauk Valley Bank & Trust Company	0.55%	$10,000	-	Learn More Reviews
Community State Bank of Rock Falls	0.55%	$1,000	-	Learn More Reviews (1)
Bank & Trust Company	0.55%	$10,000	-	Learn More Reviews
Bank of Hillsboro, National Association	0.55%	$10,000	-	Learn More Reviews
United Community Bank	0.55%	$10,000	-	Learn More Reviews
Farmers-Merchants Bank of Illinois	0.55%	$1,000	-	Learn More Reviews
Philo Exchange Bank	0.55%	$1,000	-	Learn More Reviews
Farmers State Bank of Western Illinois	0.55%	$10,000	-	Learn More Reviews
Citizens National Bank of Albion	0.55%	$10,000	-	Learn More Reviews
Hoyne Savings Bank	0.55%	$10,000	-	Learn More Reviews (1)
First National Bank in Olney	0.55%	$10,000	-	Learn More Reviews
International Bank of Chicago	0.55%	$1,000	-	Learn More Reviews (5)
Peoples Bank of Kankakee County	0.55%	$50,000	-	Learn More Reviews (1)
Bank of Belleville	0.55%	$10,000	-	Learn More Reviews
Longview Bank and Trust	0.50%	$10,000	-	Learn More Reviews
Quad City Bank and Trust Company	0.50%	$10,000	-	Learn More Reviews
Iroquois Federal Savings and Loan Association	0.50%	$10,000	-	Learn More Reviews
The Gerber State Bank	0.50%	$100,000	-	Learn More Reviews
Longview Bank	0.50%	$10,000	-	Learn More Reviews
The First National Bank of Sparta	0.50%	$10,000	-	Learn More Reviews
Savanna-Thomson State Bank	0.50%	$10,000	-	Learn More Reviews (3)
TBK BANK, SSB	0.50%	$10,000	-	Learn More Reviews (2)
Central Bank Illinois	0.50%	$10,000	-	Learn More Reviews
First State Bank	0.50%	$10,000	-	Learn More Reviews
McHenry Savings Bank	0.50%	$100,000	-	Learn More Reviews
Sauk Valley Bank & Trust Company	0.50%	$100,000	-	Learn More Reviews
National Bank of St. Anne	0.50%	$10,000	-	Learn More Reviews
Streator Home Savings Bank	0.50%	$10,000	-	Learn More Reviews
Tompkins State Bank	0.50%	$1,000	-	Learn More Reviews
BankChampaign, National Association	0.50%	$500	-	Learn More Reviews
American Bank and Trust Company, National Association	0.50%	$10,000	-	Learn More Reviews
Prospect Bank	0.50%	$10,000	-	Learn More Reviews
Iroquois Farmers State Bank	0.50%	$10,000	-	Learn More Reviews
Farmers National Bank	0.50%	$500	-	Learn More Reviews
State Bank of Industry	0.50%	$10,000	-	Learn More Reviews
The Fairfield National Bank	0.50%	$100,000	-	Learn More Reviews
Bank of Yates City	0.50%	$10,000	-	Learn More Reviews
Citizens Bank of Chatsworth	0.50%	$10,000	-	Learn More Reviews
Washington State Bank	0.50%	$10,000	-	Learn More Reviews
Hanmi Bank	0.50%	$10,000	-	Learn More Reviews
Dieterich Bank	0.50%	$10,000	-	Learn More Reviews
First Robinson Savings Bank, National Association	0.50%	$500	-	Learn More Reviews
Bank of Rantoul	0.50%	$500	-	Learn More Reviews
FCB Banks	0.50%	$1,000	-	Learn More Reviews (1)
American Community Bank & Trust	0.50%	$10,000	-	Learn More Reviews
First Community Bank, Xenia-Flora	0.50%	$10,000	-	Learn More Reviews
Clay County State Bank	0.50%	$10,000	-	Learn More Reviews
The Clay City Banking Co.	0.50%	$10,000	-	Learn More Reviews
The Gifford State Bank	0.50%	$10,000	-	Learn More Reviews
Great Rivers Bank	0.50%	$1,000	-	Learn More Reviews
Exchange State Bank	0.50%	$1,000	-	Learn More Reviews
Fairview State Banking Company	0.50%	$2,500	-	Learn More Reviews
Fortress Bank	0.50%	$50,000	-	Learn More Reviews
Midland Community Bank	0.50%	$100,000	-	Learn More Reviews
Hometown National Bank	0.50%	$10,000	-	Learn More Reviews
Milledgeville State Bank	0.50%	$10,000	-	Learn More Reviews
Citizens Community Bank	0.50%	$10,000	-	Learn More Reviews
LincolnWay Community Bank	0.50%	$10,000	-	Learn More Reviews
PeopleFirst Bank	0.50%	$100,000	-	Learn More Reviews
Pulaski Savings Bank	0.50%	$10,000	-	Learn More Reviews
Bank of Hope	0.50%	$100,000	-	Learn More Reviews (1)
American Metro Bank	0.50%	$100,000	-	Learn More Reviews
First Community Bank and Trust	0.47%	$100,000	-	Learn More Reviews
Middletown State Bank	0.45%	$10,000	-	Learn More Reviews
The Hill-Dodge Banking Company	0.45%	$10,000	-	Learn More Reviews
The State Bank of Pearl City	0.45%	$10,000	-	Learn More Reviews
Byron Bank	0.45%	$100,000	-	Learn More Reviews
SENB Bank	0.45%	$10,000	-	Learn More Reviews
HomeBank	0.45%	$10,000	-	Learn More Reviews
North Adams State Bank	0.45%	$10,000	-	Learn More Reviews
COMMUNITY FIRST BANK OF THE HEARTLAND	0.45%	$10,000	-	Learn More Reviews
Citizens State Bank of Milford	0.45%	$100,000	-	Learn More Reviews
First Trust Bank of Illinois	0.45%	$10,000	-	Learn More Reviews
Bank of Gibson City	0.45%	$10,000	-	Learn More Reviews
Merchants and Manufacturers Bank	0.45%	$10,000	-	Learn More Reviews
Devon Bank	0.45%	$2,500	-	Learn More Reviews
Itasca Bank & Trust Co.	0.45%	$100,000	-	Learn More Reviews
Nashville Savings Bank	0.45%	$100,000	-	Learn More Reviews
TrustBank	0.45%	$10,000	-	Learn More Reviews
Pioneer State Bank	0.45%	$1,000	-	Learn More Reviews
Farmers National Bank of Griggsville	0.45%	$10,000	-	Learn More Reviews
Waterman State Bank	0.45%	$1,000	-	Learn More Reviews
The Old Exchange National Bank of Okawville	0.45%	$1,000	-	Learn More Reviews
Old Plank Trail Community Bank, National Association	0.45%	$10,000	-	Learn More Reviews
Farmers State Bank	0.43%	$10,000	-	Learn More Reviews
First National Bank of Pana	0.40%	$10,000	-	Learn More Reviews
Midland Community Bank	0.40%	$10,000	-	Learn More Reviews
CBI Bank & Trust	0.40%	$10,000	-	Learn More Reviews
Prospect Bank	0.40%	$100,000	-	Learn More Reviews
Mason City National Bank	0.40%	$10,000	-	Learn More Reviews
Chesterfield State Bank	0.40%	$10,000	-	Learn More Reviews
Oakdale State Bank	0.40%	$10,000	-	Learn More Reviews
First Savanna Savings Bank	0.40%	$10,000	-	Learn More Reviews
Holcomb Bank	0.40%	$100,000	-	Learn More Reviews
Alliance Community Bank	0.40%	$10,000	-	Learn More Reviews
Hartsburg State Bank	0.40%	$10,000	-	Learn More Reviews
Farmers State Bank of Emden	0.40%	$10,000	-	Learn More Reviews
Petefish, Skiles & Co.	0.40%	$10,000	-	Learn More Reviews
Eureka Savings Bank	0.40%	$10,000	-	Learn More Reviews
Security National Bank	0.40%	$10,000	-	Learn More Reviews
Illini State Bank	0.40%	$10,000	-	Learn More Reviews
Beardstown Savings s.b.	0.40%	$10,000	-	Learn More Reviews
West Central Bank	0.40%	$10,000	-	Learn More Reviews
Town & Country Bank Midwest	0.40%	$10,000	-	Learn More Reviews
Central State Bank	0.40%	$10,000	-	Learn More Reviews
First State Bank of Campbell Hill	0.40%	$500	-	Learn More Reviews (1)
Itasca Bank & Trust Co.	0.40%	$10,000	-	Learn More Reviews
Citizens State Bank of Milford	0.40%	$10,000	-	Learn More Reviews
State Bank of Toulon	0.40%	$10,000	-	Learn More Reviews
1st Community Bank	0.40%	$10,000	-	Learn More Reviews
Security Savings Bank	0.40%	$10,000	-	Learn More Reviews
Colchester State Bank	0.40%	$1,000	-	Learn More Reviews
The Fairfield National Bank	0.40%	$10,000	-	Learn More Reviews
Vermont State Bank	0.40%	$10,000	-	Learn More Reviews
Table Grove State Bank	0.40%	$10,000	-	Learn More Reviews
Ipava State Bank	0.40%	$10,000	-	Learn More Reviews
The Atlanta National Bank	0.40%	$10,000	-	Learn More Reviews
Frederick Community Bank, The	0.40%	$1,000	-	Learn More Reviews
Providence Bank & Trust	0.40%	$10,000	-	Learn More Reviews
The Granville National Bank	0.40%	$1,000	-	Learn More Reviews
Williamsville State Bank & Trust	0.40%	$1,000	-	Learn More Reviews
First National Bank in Taylorville	0.40%	$10,000	-	Learn More Reviews
The First National Bank of Beardstown	0.40%	$10,000	-	Learn More Reviews
Fortress Bank	0.40%	$10,000	-	Learn More Reviews
The Gerber State Bank	0.40%	$10,000	-	Learn More Reviews
McHenry Savings Bank	0.40%	$10,000	-	Learn More Reviews
PeopleFirst Bank	0.40%	$10,000	-	Learn More Reviews
First Eagle Bank	0.40%	$2,500	-	Learn More Reviews
Bank of Hope	0.40%	$10,000	-	Learn More Reviews (1)
Community Savings Bank	0.40%	$10,000	-	Learn More Reviews
First Secure Bank and Trust Co.	0.40%	$10,000	-	Learn More Reviews
American Metro Bank	0.40%	$10,000	-	Learn More Reviews
First Community Bank and Trust	0.36%	$10,000	-	Learn More Reviews
The Federal Savings Bank	0.35%	$500	-	Learn More Reviews
INB, National Association	0.35%	$100,000	-	Learn More Reviews
Princeville State Bank	0.35%	$500	-	Learn More Reviews
First Federal Savings Bank	0.35%	$10,000	-	Learn More Reviews
The First National Bank of Lacon	0.35%	$10,000	-	Learn More Reviews
Nashville Savings Bank	0.35%	$10,000	-	Learn More Reviews
First State Bank Shannon-Polo	0.35%	$10,000	-	Learn More Reviews
Peoples National Bank of Kewanee	0.35%	$10,000	-	Learn More Reviews
Byron Bank	0.35%	$10,000	-	Learn More Reviews
The Farmers Bank of Mt. Pulaski	0.35%	$100,000	-	Learn More Reviews
Midland States Bank	0.35%	$10,000	-	Learn More Reviews (2)
Peoples Bank of Kankakee County	0.35%	$5,000	-	Learn More Reviews (1)
North Shore Trust and Savings	0.35%	$10,000	-	Learn More Reviews
Peru Federal Savings Bank	0.35%	$1	-	Learn More Reviews (1)
Ottawa Savings Bank	0.35%	$10,000	-	Learn More Reviews
Federated Bank	0.35%	$10,000	-	Learn More Reviews
Shelby County State Bank	0.35%	$10,000	-	Learn More Reviews
Fidelity Bank & Trust	0.35%	$100,000	-	Learn More Reviews
First Secure Community Bank	0.35%	$10,000	-	Learn More Reviews
CIBC Bank USA	0.35%	$100,000	-	Learn More Reviews (6)
Bank of Farmington	0.35%	$10,000	-	Learn More Reviews
Banterra Bank	0.35%	$10,000	-	Learn More Reviews
MUFG Union Bank, National Association	0.35%	$10,000	-	Learn More Reviews (3)
Cornerstone National Bank & Trust Company	0.35%	$100,000	-	Learn More Reviews
Apple River State Bank	0.35%	$500	-	Learn More Reviews
Teutopolis State Bank	0.35%	$10,000	-	Learn More Reviews
First National Bank of Waterloo	0.35%	$10,000	-	Learn More Reviews
Farmers & Merchants Bank of Hutsonville	0.35%	$10,000	-	Learn More Reviews
The First National Bank of Okawville	0.35%	$10,000	-	Learn More Reviews
Citizens State Bank	0.35%	$1,000	-	Learn More Reviews
State Bank of Whittington	0.35%	$100,000	-	Learn More Reviews
Prospect Bank	0.35%	$100,000	-	Learn More Reviews
Anchor State Bank	0.35%	$50,000	-	Learn More Reviews
Town Center Bank	0.35%	$10,000	-	Learn More Reviews
The First National Bank of Ava	0.34%	$500	-	Learn More Reviews
MidAmerica National Bank	0.32%	$10,000	-	Learn More Reviews
Bank of Springfield	0.31%	$10,000	-	Learn More Reviews
Peoples National Bank , N.A.	0.31%	$100,000	-	Learn More Reviews
The First National Bank of Assumption	0.30%	$10,000	-	Learn More Reviews
Warren-Boynton State Bank	0.30%	$10,000	-	Learn More Reviews
The State Bank of Geneva	0.30%	$10,000	-	Learn More Reviews
Fidelity Bank & Trust	0.30%	$10,000	-	Learn More Reviews
Farmers State Bank of Medora	0.30%	$1,000	-	Learn More Reviews
Carrollton Bank	0.30%	$10,000	-	Learn More Reviews
Spring Valley City Bank	0.30%	$10,000	-	Learn More Reviews
Community State Bank	0.30%	$10,000	-	Learn More Reviews
Stillman BancCorp N.A.	0.30%	$10,000	-	Learn More Reviews
Union Savings Bank	0.30%	$10,000	-	Learn More Reviews
Blackhawk Bank	0.30%	$10,000	-	Learn More Reviews
Midwest Community Bank	0.30%	$10,000	-	Learn More Reviews
Bank of Chestnut	0.30%	$10,000	-	Learn More Reviews
Armed Forces Bank, National Association	0.30%	$10,000	-	Learn More Reviews (2)
INLAND BANK & TRUST	0.30%	$1,000	-	Learn More Reviews
First Community Bank of Hillsboro	0.30%	$10,000	-	Learn More Reviews
Sterling Federal Bank, F.S.B.	0.30%	$10,000	-	Learn More Reviews
SouthernTrust Bank	0.30%	$10,000	-	Learn More Reviews
The Litchfield National Bank	0.30%	$100,000	-	Learn More Reviews
State Street Bank and Trust Company	0.30%	$1,000	-	Learn More Reviews
The First State Bank of Dongola	0.30%	$10,000	-	Learn More Reviews
The Anna -Jonesboro National Bank	0.30%	$100,000	-	Learn More Reviews
Forreston State Bank	0.30%	$10,000	-	Learn More Reviews
Pan American Bank & Trust	0.30%	$10,000	-	Learn More Reviews
Prospect Bank	0.30%	$10,000	-	Learn More Reviews
State Bank of Herscher	0.30%	$10,000	-	Learn More Reviews
Southern Illinois Bank	0.30%	$10,000	-	Learn More Reviews
Community Banks of Shelby County	0.30%	$10,000	-	Learn More Reviews
The First National Bank of Arenzville	0.30%	$10,000	-	Learn More Reviews
Bank of Bluffs	0.30%	$10,000	-	Learn More Reviews
The Farmers and Merchants National Bank of Nashville	0.30%	$10,000	-	Learn More Reviews
CIBC Bank USA	0.30%	$10,000	-	Learn More Reviews (6)
State Bank of Graymont	0.30%	$10,000	-	Learn More Reviews
Farmers State Bank of Hoffman	0.30%	$10,000	-	Learn More Reviews
Grand Ridge National Bank	0.30%	$1,000	-	Learn More Reviews
Cathay Bank	0.30%	$10,000	-	Learn More Reviews
Cornerstone National Bank & Trust Company	0.30%	$10,000	-	Learn More Reviews
The Farmers State Bank and Trust Company	0.30%	$10,000	-	Learn More Reviews
Forest Park National Bank and Trust Company	0.30%	$100,000	-	Learn More Reviews
State Bank of the Lakes, National Association	0.30%	$100,000	-	Learn More Reviews
Marseilles Bank	0.30%	$10,000	-	Learn More Reviews
Bank of O'Fallon	0.30%	$10,000	-	Learn More Reviews
First Savings Bank of Hegewisch	0.30%	$10,000	-	Learn More Reviews
Peoples Bank	0.30%	$100,000	-	Learn More Reviews
United Trust Bank	0.30%	$10,000	-	Learn More Reviews
Heritage Bank of Schaumburg	0.30%	$10,000	-	Learn More Reviews
Resource Bank, National Association	0.27%	$100,000	-	Learn More Reviews
Prairie State Bank and Trust	0.26%	$10,000	-	Learn More Reviews
Flanagan State Bank	0.26%	$10,000	-	Learn More Reviews
First Southern Bank	0.26%	$10,000	-	Learn More Reviews
State Bank of Davis	0.26%	$10,000	-	Learn More Reviews
Farmers & Merchants Bank	0.25%	$100,000	-	Learn More Reviews
Flora Bank & Trust	0.25%	$10,000	-	Learn More Reviews
First Farmers Bank & Trust Co.	0.25%	$100,000	-	Learn More Reviews
INB, National Association	0.25%	$10,000	-	Learn More Reviews
First Financial Bank, National Association	0.25%	$100,000	-	Learn More Reviews
North County Savings Bank	0.25%	$10,000	-	Learn More Reviews
The Fisher National Bank	0.25%	$10,000	-	Learn More Reviews
Chester National Bank	0.25%	$10,000	-	Learn More Reviews
Bank of Calhoun County	0.25%	$10,000	-	Learn More Reviews
North Central Bank	0.25%	$10,000	-	Learn More Reviews
Peoples State Bank of Colfax	0.25%	$10,000	-	Learn More Reviews
The Bank of Herrin	0.25%	$10,000	-	Learn More Reviews
The Harvard State Bank	0.25%	$10,000	-	Learn More Reviews
The Farmers Bank of Mt. Pulaski	0.25%	$10,000	-	Learn More Reviews
Northwest Bank of Rockford	0.25%	$100,000	-	Learn More Reviews
First American Bank	0.25%	$10,000	-	Learn More Reviews
CNB Bank and Trust, N.A.	0.25%	$10,000	-	Learn More Reviews
The Litchfield National Bank	0.25%	$10,000	-	Learn More Reviews
Farmers State Bank of Alto Pass, Ill.	0.25%	$10,000	-	Learn More Reviews
Security Bank, s.b.	0.25%	$10,000	-	Learn More Reviews
Legence Bank	0.25%	$1,000	-	Learn More Reviews
The Anna -Jonesboro National Bank	0.25%	$10,000	-	Learn More Reviews
Citibank, National Association	0.25%	$10,000	-	Learn More Reviews (11)
Union Federal Savings and Loan Association	0.25%	$10,000	-	Learn More Reviews
Bank of Pontiac	0.25%	$10,000	-	Learn More Reviews
Peoples National Bank , N.A.	0.25%	$10,000	-	Learn More Reviews
Farmers State Bank & Trust Co.	0.25%	$10,000	-	Learn More Reviews
State Bank	0.25%	$1,000	-	Learn More Reviews
Peoples Bank & Trust	0.25%	$1,000	-	Learn More Reviews
Community Bank of Elmhurst	0.25%	$10,000	-	Learn More Reviews
Resource Bank, National Association	0.25%	$10,000	-	Learn More Reviews
De Witt Savings Bank	0.25%	$10,000	-	Learn More Reviews
Community Bank of Trenton	0.25%	$10,000	-	Learn More Reviews
Anchor State Bank	0.25%	$10,000	-	Learn More Reviews
Prospect Bank	0.25%	$10,000	-	Learn More Reviews
State Bank of the Lakes, National Association	0.25%	$10,000	-	Learn More Reviews
Buckley State Bank	0.25%	$1,000	-	Learn More Reviews
Arcola First Bank	0.25%	$2,500	-	Learn More Reviews
Holcomb Bank	0.25%	$10,000	-	Learn More Reviews
Crystal Lake Bank and Trust Company, National Association	0.25%	$100,000	-	Learn More Reviews
First Savings Bank	0.25%	$10,000	-	Learn More Reviews
Peoples Bank	0.25%	$10,000	-	Learn More Reviews
Brickyard Bank	0.25%	$10,000	-	Learn More Reviews
The First National Bank of Ottawa	0.21%	$10,000	-	Learn More Reviews
Barrington Bank & Trust Company, National Association	0.20%	$100,000	-	Learn More Reviews
First Financial Bank, National Association	0.20%	$10,000	-	Learn More Reviews
CIBM Bank	0.20%	$10,000	-	Learn More Reviews (1)
Tempo Bank, A Federal Savings Bank	0.20%	$10,000	-	Learn More Reviews
Buena Vista National Bank	0.20%	$10,000	-	Learn More Reviews
Collinsville Building and Loan Association	0.20%	$10,000	-	Learn More Reviews
Stillman BancCorp N.A.	0.20%	$100,000	-	Learn More Reviews
First State Bank of Bloomington	0.20%	$10,000	-	Learn More Reviews
Prairie Community Bank	0.20%	$10,000	-	Learn More Reviews
Fifth Third Bank, National Association	0.20%	$100,000	-	Learn More Reviews (5)
Home State Bank, National Association	0.20%	$10,000	-	Learn More Reviews
Algonquin State Bank	0.20%	$100,000	-	Learn More Reviews
Northwest Bank of Rockford	0.20%	$10,000	-	Learn More Reviews
La Salle State Bank	0.20%	$10,000	-	Learn More Reviews
CenTrust Bank, National Association	0.20%	$10,000	-	Learn More Reviews (1)
Marine Bank	0.20%	$10,000	-	Learn More Reviews
First National Bank in Pinckneyville	0.20%	$500	-	Learn More Reviews
State Bank of Nauvoo	0.20%	$25,000	-	Learn More Reviews
Lakeside Bank	0.20%	$2,500	-	Learn More Reviews (2)
Municipal Trust and Savings Bank	0.20%	$10,000	-	Learn More Reviews
St. Charles Bank & Trust Company, National Association	0.20%	$10,000	-	Learn More Reviews
Murphy-Wall State Bank and Trust Company	0.20%	$10,000	-	Learn More Reviews
Better Banks	0.20%	$10,000	-	Learn More Reviews
Crystal Lake Bank and Trust Company, National Association	0.20%	$10,000	-	Learn More Reviews
Forest Park National Bank and Trust Company	0.20%	$1,000	-	Learn More Reviews
BankFinancial, National Association	0.20%	$10,000	-	Learn More Reviews
Northbrook Bank and Trust Company, National Association	0.20%	$100,000	-	Learn More Reviews
Rushville State Bank	0.20%	$10,000	-	Learn More Reviews (1)
First Bank	0.20%	$10,000	-	Learn More Reviews
Community Bank	0.20%	$10,000	-	Learn More Reviews
State Bank of Whittington	0.20%	$10,000	-	Learn More Reviews
Lena State Bank	0.20%	$10,000	-	Learn More Reviews
Beverly Bank & Trust Company, National Association	0.20%	$10,000	-	Learn More Reviews
Belmont Bank & Trust Company	0.20%	$10,000	-	Learn More Reviews
First National Bank of Brookfield	0.20%	$10,000	-	Learn More Reviews
Morton Community Bank	0.17%	$100,000	-	Learn More Reviews
Lake Forest Bank & Trust Company, National Association	0.17%	$100,000	-	Learn More Reviews
First National Bank & Trust Company	0.17%	$100,000	-	Learn More Reviews
Northside Community Bank	0.17%	$1,000	-	Learn More Reviews
The First National Bank and Trust Company	0.16%	$1,000	-	Learn More Reviews
The First Community Bank of Moultrie County	0.15%	$500	-	Learn More Reviews
Woodforest National Bank	0.15%	$10,000	-	Learn More Reviews (2)
Hickory Point Bank and Trust	0.15%	$10,000	-	Learn More Reviews
Goodfield State Bank	0.15%	$10,000	-	Learn More Reviews (1)
First Security Bank	0.15%	$10,000	-	Learn More Reviews
The First National Bank in Tremont	0.15%	$10,000	-	Learn More Reviews
Du Quoin State Bank	0.15%	$10,000	-	Learn More Reviews
Town And Country Bank	0.15%	$10,000	-	Learn More Reviews
Barrington Bank & Trust Company, National Association	0.15%	$10,000	-	Learn More Reviews
First Mid Bank & Trust, National Association	0.15%	$10,000	-	Learn More Reviews
State Bank	0.15%	$10,000	-	Learn More Reviews (1)
Scott State Bank	0.15%	$1,000	-	Learn More Reviews
Farmers and Merchants State Bank of Bushnell	0.15%	$10,000	-	Learn More Reviews
First Federal Savings Bank of Champaign Urbana	0.15%	$1,000	-	Learn More Reviews
State Bank of Nauvoo	0.15%	$10,000	-	Learn More Reviews
Old National Bank	0.15%	$10,000	-	Learn More Reviews (2)
Northbrook Bank and Trust Company, National Association	0.15%	$10,000	-	Learn More Reviews
The Village Bank	0.15%	$10,000	-	Learn More Reviews
First Merchants Bank	0.15%	$100,000	-	Learn More Reviews (4)
German-American State Bank	0.15%	$100,000	-	Learn More Reviews
Wintrust Bank, National Association	0.15%	$100,000	-	Learn More Reviews (1)
GN Bank	0.15%	$10,000	-	Learn More Reviews (1)
First National Bank & Trust Company	0.14%	$10,000	-	Learn More Reviews
Amalgamated Bank of Chicago	0.14%	$100,000	-	Learn More Reviews
Lake Forest Bank & Trust Company, National Association	0.12%	$10,000	-	Learn More Reviews
PNC Bank, National Association	0.12%	$100,000	-	Learn More Reviews (1)
FNBC Bank & Trust	0.12%	$10,000	-	Learn More Reviews
Morton Community Bank	0.11%	$10,000	-	Learn More Reviews
Libertyville Bank & Trust Company, National Association	0.10%	$10,000	-	Learn More Reviews
First Farmers Bank & Trust Co.	0.10%	$10,000	-	Learn More Reviews
First State Bank of Forrest	0.10%	$10,000	-	Learn More Reviews
Union National Bank and Trust Company of Elgin	0.10%	$10,000	-	Learn More Reviews
Commerce Bank	0.10%	$10,000	-	Learn More Reviews
Regions Bank	0.10%	$10,000	-	Learn More Reviews
Busey Bank	0.10%	$10,000	-	Learn More Reviews (1)
U.S. Bank National Association	0.10%	$10,000	-	Learn More Reviews (1)
Heartland Bank and Trust Company	0.10%	$10,000	-	Learn More Reviews
PNC Bank, National Association	0.10%	$10,000	-	Learn More Reviews (1)
North Shore Bank, FSB	0.10%	$10,000	-	Learn More Reviews
Algonquin State Bank	0.10%	$10,000	-	Learn More Reviews
German-American State Bank	0.10%	$10,000	-	Learn More Reviews
First Bankers Trust Company, National Association	0.10%	$10,000	-	Learn More Reviews
First Financial Bank	0.10%	$10,000	-	Learn More Reviews
Central Federal Savings and Loan Association	0.10%	$2,500	-	Learn More Reviews
Hinsdale Bank & Trust Company, National Association	0.10%	$10,000	-	Learn More Reviews
Village Bank and Trust, National Association	0.10%	$10,000	-	Learn More Reviews
First Merchants Bank	0.10%	$10,000	-	Learn More Reviews (4)
Parkway Bank and Trust Company	0.10%	$100,000	-	Learn More Reviews (1)
Old Second National Bank	0.10%	$1,000	-	Learn More Reviews
Schaumburg Bank & Trust Company, National Association	0.10%	$10,000	-	Learn More Reviews
The Northern Trust Company	0.10%	$10,000	-	Learn More Reviews
Byline Bank	0.10%	$10,000	-	Learn More Reviews
FIRST NATIONAL BANK OF NOKOMIS	0.10%	$10,000	-	Learn More Reviews
The First Trust and Savings Bank of Watseka, Illinois	0.10%	$1,000	-	Learn More Reviews
Illinois Bank & Trust	0.10%	$10,000	-	Learn More Reviews
The Lemont National Bank	0.10%	$10,000	-	Learn More Reviews
Wintrust Bank, National Association	0.10%	$10,000	-	Learn More Reviews (1)
Amalgamated Bank of Chicago	0.09%	$1,000	-	Learn More Reviews
Grundy Bank	0.09%	$10,000	-	Learn More Reviews
Wheaton Bank & Trust, National Association	0.08%	$10,000	-	Learn More Reviews
Marquette Bank	0.08%	$10,000	-	Learn More Reviews
Liberty Bank for Savings	0.08%	$10,000	-	Learn More Reviews (1)
PNC Bank, National Association	0.07%	$10,000	-	Learn More Reviews (1)
Bank of America, National Association	0.05%	$10,000	-	Learn More Reviews (6)
The First Bank and Trust Company of Murphysboro	0.05%	$10,000	-	Learn More Reviews
Wells Fargo Bank, National Association	0.05%	$10,000	-	Learn More Reviews (7)
First National Bank of Omaha	0.05%	$10,000	-	Learn More Reviews
The Bank of Bourbonnais	0.05%	$10,000	-	Learn More Reviews
The Huntington National Bank	0.05%	$10,000	-	Learn More Reviews (1)
Fifth Third Bank, National Association	0.02%	$10,000	-	Learn More Reviews (5)
Associated Bank, National Association	0.01%	$10,000	-	Learn More Reviews
JPMorgan Chase Bank, National Association	0.01%	$10,000	-	Learn More Reviews (18)
Dubuque Bank and Trust Company	0.01%	$10,000	-	Learn More Reviews

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 Credit Unions →

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

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2023

A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

CD Terms

The time period in which money is held in a certificate of deposit is called the term. Terms can run for any period of time but in general, banks use the following terms: 3 months, 6 months, 12 months, 18 months, 24 months, 36 months, 48 months, and 60 months. Terms can either be described in months or years. The term that is right for each individual depends on their goals, the rate they which to earn, and their future plans for the money. In general, if rates are going up, savers should avoid putting the money into a long-term CD. If rates are going down, then the opposite is true, and savers should try and lock into a good rate for an extended period of time. In stable rate environments, CDs that are over 12 months in length can enable depositors to pick up a slight premium over savings accounts.

CD Risk

Almost all banks provide CDs to their consumers and they have been a mainstay of savers and retirement accounts for years. If FDIC insured, the CD represents a safe place to put money that will generate a predictable return.

Inflation is the main risk of a CD. Inflation can often run higher than the inflation adjusted return on a CD, thus eroding the value of the money stored in the CD over time. This is especially true for longer-term CDs opened in low interest rate environments.

How Interest is Paid

The method of distributing the interest earned on a CD varies by bank. Some banks pay interest monthly, other semi-annually, and others at the maturity of the CD. One advantage of a branch-based bank is that a depositor can walk into the bank and receive their interest that day in the form of a check. Online banks tend to use electronic funds transfer or check via mail.

Interest Rate

Since the financial crisis in 2008, CDs have become less popular because the yields they offer have dropped precipitously, making it difficult for retirees and savers to generate sufficient income. But investors looking for a place to stash some cash might still find CDs an attractive place for some of their savings. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

ADVANTAGES AND DISADVANTAGES

The advantages of a Certificate of Deposit from a branch bank are:

Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
CDs provide a predictable, set rate of return.
Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of branch-based CDs are:

The deposited money is committed for a certain period of time and can only be withdrawn with substantial penalties.
One year CDs from branch banks often pay less interest than from online banks. Please see those rates here.

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.