Banking Rates & News

Chicago Metro Area

Including Chicago, Naperville, Schaumburg, Aurora, Joliet, Orland Park, Valparaiso, Elgin, Hammond, Oak Lawn, and 321 other towns.

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Banking in the Chicago Area

Chicago is the third largest city in America. It has a large, vibrant, diverse economy with multiple Fortune 500 companies and a massive finance sector. The Chicago Board of Trade is the second largest center for public market trading in the country. There are also an array of investment houses and a large number of high net worth individuals living in the city. Other large sectors include real estate, conventions, hospitality, manufacturing, logistics, transportation, technology, pharmaceuticals, education, health care and advertising. These sectors continue to build on one another to power the economy. For that reason, banking is thriving in Chicago with an array of services and financial options offered.

Chicago's nearby neighbors include Naperville, Aurora, Schaumburg, Joliet and Skokie. There are nearly 200 banks and 200 credit unions that are headquartered in Chicago. Some of the largest Chicago based banks include The Northern Trust Company, BMO Harris Bank and MB Financial Bank. Every major US bank has operations in Chicago including Wells Fargo, Bank of America, Citibank and JP Morgan. Many international banks even have a presence including HSBC, UBS, and Barclays. In total, there are about 4,060 branches from more than 270 banks and 240 credit unions in Chicago.

The city continues to grow and thrive. Even though the municipal government's finances are in jeopardy, the private sector is faring well. Banking will continue to excel as long as the rest of the city grows.

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Local Deals & News

Money Market Deposit Account Special (1.15% For 182 Days) In Chicagoland
Avenue Bank (a branch of CIBM Bank) ran this ad in the Sunday Chicago Tribune. It’s similar to their September special, but the rates are a little higher. Promotional rate
$25 Bonus For New Members At Navy Federal Credit Union
Saw this ad on Google. It’s not much, but if you had been planning to join Navy Fed, this makes it a little more worthwhile. According to the Navy Fed
14 Month 1.85% Special CD Closing Today.
I called this morning to see how long the deal would be available and was told that today is the last day.
1.50% 23Mo CD Special At First Midwest Bank
First Midwest Bank is advertising this CD special: 1.50% apy 23-month CD $10,000 minimum deposit Open to CDs and IRAs New money required open to individuals from Illinois, Indiana, Iowa,
CD Specials At Evergreen Bank Group In Chicagoland
Evergreen Bank Group’s ad in yesterday’s Chicago Tribune: CD specials: 1.55% apy 24-month 1.35% apy 18-month 1.15% apy 12-month Minimum to open is $1,000 Maximum deposit accepted is $249,999 Interest
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