Chicago Savings Account Rates
Current savings account rates in Chicago are dismal and expected to be so for the rest of 2011. World economic problems and weak economies are keeping interest rates low. The Fed funds rate is in a targeted range of 0% to 1/4% for about two years now.
Compare the highest savings account rates in your state by using our interest rate tables at SavingsAccount.MonitorBankRates.com. Both national banks and local banks with the best rates will be listed.
Since savings rates are so low, finding the best savings rate is even more imperative. Right now on our savings account rate list in Chicago, Illinois, American Express Bank and Sallie Mae Bank have the highest unrestricted savings rate. Both banks are offering rates at 1.14% with a savings yield of 1.15%.
We do have two banks on our rate list for Chicago, IL, offering better savings rates but you must have a checking account to earn the rate and yield. Tennessee Commerce Bank is offering savings rates at 1.49% with a yield of 1.50% and Salem Five Direct is offering rates at 1.24% with a yield of 1.25%.
Flagstar Direct comes in with the fourth best rate on our Chicago list. The online banking arm of Flagstar Bank is offering savings interest rates at 1.10% with an APY of 1.11%.
Savings Account Rates in Chicago
Find the best savings rates in your state at MonitorBankRates.com.
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