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Chicago Metro Area

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Including Abbott Park, Addison, Aibonito, Algonquin, ALSIP, Anasco, Antioch, Arlington Heights, Arlington Hts., Aroma Park, and 315 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

Fifth Third Bank Extends $300 Checking Bonus
Deal Summary: $300 checking bonus when opening a new Fifth Third checking account, now through March 31, 2022. Availability: Market area includes FL, GA, IL, IN, KY, MI, MO, NC,
Byline Bank (IL/WI) Offers Up To $300 In Checking/Savings Bonuses
Deal Summary: $150 Freedom Checking bonus; $150 Statement Savings bonus. Availability: Online market area Illinois and Wisconsin. Chicago-based Byline Bank continues to offer bonuses up to $300 when opening new
Advia Credit Union Has Rate-Leading Long-Term CDs
Deal Summary: Advantage Plus Rewards CDs – 48-month (1.20% APY) and 60-month (1.45% APY), $500 minimum deposit. Availability: Residents of Michigan's Lower Peninsula, nine southern Wisconsin counties, and seven northeast
BCU Brings 3-Month CD Back With Outstanding Rate
Deal Summary: 3-month CD (1.15%APY), 3-month Rewards CD (1.25%APY), minimum $500 deposit. Availability: Five northeast Illinois counties and one southeast Wisconsin county; nearly 100 SEGs. In August, I wrote about
Across The Board Rate Cuts At Chicago Municipal Employees CU
48 mth for $25K+ now .90% APY, down from 1.65%. There are no longer any CD rates above .90% at this CU. Previously, all CDs at the $25K level from
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