Banking Rates & News

Peoria Metro Area

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Including Peoria, Bloomington, Pekin, Normal, Canton, East Peoria, Washington, Pontiac, Morton, Havana, and 77 other towns.

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Banking in the Peoria Area

With over 115,000 people in the city itself and about 374,000 in the larger metro area, Peoria is the biggest city on the Illinois River. The area was first settled in the 1680s by French explorers who built a fort there. Later, in 1813, it became home to Fort Clark, which would eventually be renamed Peoria. The city's economy centers around industry, retail, and health care, with top employers being Caterpillar, UnityPoint Health, and Walmart. However, many people are also employed by Peoria's financial institutions.

Today, almost 50 banks and 25 credit unions maintain headquarters in the Peoria area. Among these are the Heartland Bank and Trust Company, State Farm Bank, CEFCU, State Farm Federal Credit Union, and Morton Community Banks. Counting institutions that are not headquartered in the city, there are approximately 25 credit unions and 85 banks with over 340 branches throughout the Peoria area. The city's oldest active bank, The First National Bank of Lacon, was originally established in 1864. The Bank provides an array of services today, but especially focuses on serving the agriculture industry.

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Local Deals & News

Rate Change
I went to the CD Bank web site to check their rates, and it looks like most of their certificates have dropped as of 5/20
Midland States Bank (IL/MO) Offers 30-month CD Special, 3.00% APY
Deal Summary: 30-month Special Rate CD, 3.00% APY, $2.5k minimum deposit. Availability: Market area includes 23 Illinois counties, three Missouri counties (St. Louis metro area), and the City of St.
CD Bank Offers Top-Rate 24-Month CD, 3.20% APY
Deal Summary: CDs – 6-month (2.75% APY), 12-month (3.00% APY), 18-month (3.10% APY), 24-month (3.20% APY), $10k minimum deposit. Availability: Nationwide (internet bank) The lead-in for the CD Bank July
2.60% 11-Mo CD & 2.10% Savings Acct Regional Promotions
Wells Fargo is currently offering a 2.60% APY, 11-month CD which requires a minimum deposit of $25,000 (new money).They are also offering a 2.10% APY, Platinum Savings Account which also
PNC Ups Relationship Account Rates Again
PNC has raised rates on $100K+ Premiere Money Market Account with relationship checking to 2.00%!
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