Best 6 Month CD Interest Rates Chicago, Illinois
The Fed also said inflation still isn't a concern: "Measures of underlying inflation have trended lower in recent quarters and, with substantial resource slack continuing to restrain cost pressures and longer-term inflation expectations stable, inflation is likely to be subdued for some time."
The Fed also plans to keep the targeted Fed funds rate between zero percent and one quarter percent for an extended period of time. As long as the economy is in slow motion and Fed funds rate is near zero percent CD rates will be dismal.
The national average 6 month CD rate is 0.61 percent this morning. We have 6 month CD rates higher than the national average 6 month CD rates. We have compiled a list of the best 6 month bank CD rates and credit union CD rates in Chicago, Illinois, by using our CD rate tables.
The best 6 month CD interest rate on our list in Chicago is offered by FlagstarBank. Flagstar Direct's current 6 month bank CD interest rate is 1.24 percent with an annual percentage yield 1.25 percent. That CD interest rate is double the current national average 6 month CD interest rate. The minimum opening certificate of deposit account balance at Flagstar Bank is $500.
Ally Bank has the second best 6 month CD rate on our list of best CD rates in Chicago. Discover Bank’s current 6 month CD rate is 1.13 percent with an APY of 1.14 percent. The minimum opening CD account balance at Discover Bank is $2,500.
Next on our list of the best CD rates in Chicagois GiantBank.com. The bank's current 6 month CD rate is 1.10 percent with an APY of 1.11 percent. The minimum opening CD account deposit at Giantbank is $2,500.
Best 6 Month CD Rates Chicago, Illinois
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