Banking Rates & News

Chicago Metro Area

Including Chicago, Naperville, Schaumburg, Aurora, Joliet, Orland Park, Oak Lawn, Skokie, Elgin, Valparaiso, 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

Alliant Closing All Branches Except 2 In Chicago
Alliant customer for last 4 years. Yesterday received letter from Alliant saying they are closing all branches except 2 in Chicago.
Rate Increase On Savings To 1.7% APY on 1 July 2018
On the main page of Alliant Credit Union (http://www.alliantcreditunion.org/), hover over Bank in the menu across the top and this message appears: We did it again! We raised our savings
State Bank of Texas Offers Top Rate on 12-Month Jumbo CD
Deal Summary: Jumbo CDs – 12-month (2.60% APY), 18-month (2.70% APY), 24-month (2.80% APY), 36-month (3.00% APY), $25k minimum. Availability: Nationally available In the past few years, State Bank of
CIBC Bank Introduces Agility Savings Account
Deal Summary: Agility Savings, 1.90% APY, $1k min/$250k max opening deposit Availability: Nationwide CIBC Bank USA (CIBC) has unveiled its new Agility Savings account, which earns 1.90% APY on all
CIBC Savings Rate Increased To 1.9% APY
CIBC Agility Savings Account rate now 1.90% APY. -APY accurate as of June 18, 2018 -This is a variable rate account and the interest rate and APY can change at
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