Banking Rates & News

Chicago Metro Area

Including Abbott Park, Addison, Aibonito, Algonquin, ALSIP, Anasco, Antioch, Argonne, Arlington Heights, Arlington Hts., and 318 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

North Shore Bank (WI/IL) Ups 10-Year CD Special Rate
Deal Summary: 10-year CD Special, 1.50% APY, $5k minimum deposit. Availability: Market area includes 16 eastern Wisconsin counties (Lake Michigan shoreline) and McHenry County, Illinois. Wisconsin-based North Shore Bank is
Consumers Credit Union (IL) Ups 20-Month CD Rates
Deal Summary: 20-month CDs – Super-Jumbo CD, 1.00% APY, $250k minimum; Jumbo CD, 0.90% APY, $100k minimum; CD, 0.80% APY, $250 minimum. Availability: Easy membership requirement In the past six
Streator Onized Credit Union (IL) Adds Limited-Time 14-Mo CD Special
Deal Summary: – 14-month CD Special (0.80% APY), $500 min deposit; 18- and 24-month Step-Up CD Specials, 0.70% APY, one rate increase during term, $500 min deposit. Availability: Residents of
Better Than Nothing
https://www.cathaybank.com/2021-lunar-new-year-promotion "Bringing home our Lucky Ox is easy! Between February 1 and March 12, simply open a qualified Checking, Savings or Money Market Account with new funds of $20,000 or
Devon Bank Kasasa Cash Continues To Be Near Rate Leader
UPDATE: 3/9/2021 - Available to Illinois residents only. Deal Summary: Kasasa Cash, 3.50% APY on qualifying balances up to $10k. Kasasa Saver, 1.25% APY on qualifying balances up to $50k.
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