Best Elgin CD Rates in January 2012
Now that it’s 2012, it’s a good chance to scrutinize your financial situation and discover ways to improve them. Have you taken a closer look at your bank accounts lately? An improvement you can make right off the bat is transferring your money to a higher yield account. Elgin CD rates are competitive among the top local financial institutions, so find out if there’s a bank or credit union close by offering a great rate.
Elgin CD Rates Vs. Savings Rates
One of the biggest advantages of choosing Elgin CD rates over conventional interest rates on savings accounts is that they’re usually a lot better. This is especially true when it comes to CDs with longer terms. If you don’t need access to savings for some time, a certificate of deposit is the higher-earning option.
Highest CD Rates in Elgin
6-Month CD Rates
- International Bank of Chicago: 0.75%
- Mutual Bank: 0.75%
- Beal Bank: 0.61%
12-Month CD Rates
- Loyola University Employees Credit Union: 1.05%
- Mutual Bank: 1.03%
- Beal Bank: 1.01%
24-Month CD Rates
- First Eagle Credit Union: 1.26%
- Mutual Bank: 1.25%
- Mutual Federal Savings and Loan Association of Chicago: 1.1%
Please be aware that the featured Elgin CD rates are accurate as of January 23, 2012, but could change in the future at the discretion of the bank or credit union. You may also be subject to additional requirements in order to qualify for an account. Please confirm interest rates before opening an account. You can find the most current interest rates on our Elgin CD Rates page.
