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You are viewing rates from credit unions across Illinois
Below are eighteen month Certificates of Deposit (CD) rates from credit unions in Illinois. Eighteen Month CDs offer a bit more yield than 1 year CDs but require a longer time-commitment. Like any CD, you should consider the trade-off between the difference in yield and the required time commitment. If an 18 month CD pays significantly above the yield of a 12-month CD, it may be worth opening.
IL - September 7, 2024
18 Month CD National Average : 0.58% ?
Credit Unions | APY | MIN | MILES ? | |
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4.60% |
$500 |
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northcape5 | Sep 27, 2016 why have you not updated your rates Read More |
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4.55% 4.50% |
$100,000 $1,000 |
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Rate History: 3.30% → 3.80% → 5.00% → 4.30% → 4.55% |
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4.55% 4.50% |
$100,000 $1,000 |
- |
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Amanda Frank | Feb 25, 2023 HORRIBLE SERVICE. My son's campus checking account was hacked and over $9000 was stolen. Fraud department was impossible to reach and we waited on phone several days for over 2 hours at a time. They too... Read More |
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4.45% 4.40% |
$75,000 $1,000 |
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Rate History: 5.35% → 5.05% → 4.95% → 4.45% |
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Gaius Gracchus | Mar 22, 2024 Their CD rates are reasonable and their Visa rewards is very good at 2.5% on all purchases up to 10K/month. Their customer service is polite and helpful. However, their IT department must need some serio... Read More |
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2.60% |
$1,000 |
- |
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Rate History: 2.60% → 5.25% → 2.60% → 18.00% → 2.60% |
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Sharon | Sep 20, 2023 Have been a member for 15 years and love everything about them: have a HighQ account, and QClassic checking and had a mortgage with them, too. Read More |
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1.60% 1.45%1.30% |
$90,000 $50,000$500 |
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1.25% |
$500 |
- |
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|
0.95% |
$100,000 |
- |
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0.95% |
$10,000 |
- |
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0.92% |
$100,000 |
- |
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|
0.85% |
$10,000 |
- |
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|
0.85% |
$10,000 |
- |
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|
0.85% |
$10,000 |
- |
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0.85% |
$100,000 |
- |
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|
0.82% |
$10,000 |
- |
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|
0.80% |
$100,000 |
- |
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|
0.80% |
$10,000 |
- |
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|
0.80% |
$10,000 |
- |
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|
0.80% |
$10,000 |
- |
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|
0.80% |
$500 |
- |
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0.75% |
$10,000 |
- |
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0.75% |
$10,000 |
- |
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|
0.75% |
$10,000 |
- |
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donnasspicer | Apr 24, 2023 No they don’t have deposit as a function. Read More |
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0.75% |
$500 |
- |
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0.75% |
$10,000 |
- |
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0.75% |
$10,000 |
- |
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|
0.70% |
$10,000 |
- |
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|
0.70% |
$1,000 |
- |
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|
0.70% |
$10,000 |
- |
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|
0.70% |
$10,000 |
- |
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|
0.66% |
$10,000 |
- |
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|
0.65% |
$100,000 |
- |
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|
0.65% |
$10,000 |
- |
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0.65% |
$10,000 |
- |
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Ron Frauenfelder | Jul 11, 2022 I had the good fortune to speak with Sara S., when I contacted the call center. She immediately took ownership of my request. She was very personable and professional. It was quite apparent to me that Sar... Read More |
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0.65% |
$10,000 |
- |
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0.65% |
$100,000 |
- |
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|
0.65% |
$500 |
- |
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|
0.65% |
$10,000 |
- |
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0.62% |
$100,000 |
- |
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0.60% |
$100,000 |
- |
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0.60% |
$10,000 |
- |
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|
0.60% |
$100,000 |
- |
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|
0.60% |
$10,000 |
- |
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Renee G | Mar 3, 2021 I have had a few on line issues over the past 2 days one gets corrected to have another creep up. I have talked to Nicole lots of times over the past few years, Tiffany yesterday and Yvette today. All 3 ... Read More |
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0.60% |
$10,000 |
- |
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0.60% |
$100,000 |
- |
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0.60% |
$10,000 |
- |
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|
0.60% |
$10,000 |
- |
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|
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0.60% |
$100,000 |
- |
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0.60% |
$10,000 |
- |
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0.60% |
$100,000 |
- |
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0.55% |
$10,000 |
- |
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|
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0.55% |
$100,000 |
- |
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|
FJM | Jun 14, 2023 The employees and managers at Vantage act as if the pandemic is over. NO ONE wears a mask. I am medically vulnerable with a chronic lung condition and asked the employee dealing with me if he would put on ... Read More |
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0.55% |
$100,000 |
- |
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0.55% |
$10,000 |
- |
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0.55% |
$10,000 |
- |
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|
|
0.50% |
$10,000 |
- |
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|
0.50% |
$10,000 |
- |
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|
0.50% |
$10,000 |
- |
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0.50% |
$10,000 |
- |
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|
|
0.50% |
$10,000 |
- |
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|
0.50% |
$100,000 |
- |
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|
0.50% |
$10,000 |
- |
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|
0.50% |
$10,000 |
- |
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|
0.50% |
$10,000 |
- |
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|
0.50% |
$10,000 |
- |
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0.50% |
$100,000 |
- |
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|
0.50% |
$10,000 |
- |
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|
|
0.45% |
$10,000 |
- |
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|
0.45% |
$100,000 |
- |
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|
|
0.41% |
$10,000 |
- |
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|
0.40% |
$10,000 |
- |
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|
0.40% |
$10,000 |
- |
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|
0.40% |
$10,000 |
- |
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0.40% |
$5,000 |
- |
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|
|
0.40% |
$10,000 |
- |
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|
0.40% |
$10,000 |
- |
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|
0.40% |
$10,000 |
- |
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0.40% |
$10,000 |
- |
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|
|
0.35% |
$10,000 |
- |
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|
0.35% |
$10,000 |
- |
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|
|
0.35% |
$1,000 |
- |
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|
0.30% |
$100,000 |
- |
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0.30% |
$10,000 |
- |
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|
|
|
0.30% |
$10,000 |
- |
Learn More
|
FJM | Jun 14, 2023 The employees and managers at Vantage act as if the pandemic is over. NO ONE wears a mask. I am medically vulnerable with a chronic lung condition and asked the employee dealing with me if he would put on ... Read More |
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|
0.30% |
$10,000 |
- |
Learn More
|
|
0.30% |
$10,000 |
- |
Learn More
|
|
0.30% |
$10,000 |
- |
Learn More
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|
0.25% |
$10,000 |
- |
Learn More
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|
0.25% |
$10,000 |
- |
Learn More
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|
0.25% |
$10,000 |
- |
Learn More
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|
0.20% |
$10,000 |
- |
Learn More
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0.18% |
$10,000 |
- |
Learn More
|
|
|
0.07% |
$10,000 |
- |
Learn More
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BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.
Credit union certificates of deposit (“CDs”, also commonly called “time deposits” at credit unions) are contract-based and time-based savings vehicles that are offered by credit unions. In return for agreeing to keep your money tied up with the credit union for a given time period, you earn a fixed rate or return that cannot change over the course of that period. Should you need your money before the expiration of the contractual period, the penalties for early withdrawal can be severe. Not all credit unions even offer early withdrawal from CDs; many that do offer it maintain the right to deny it in their fine print. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union. Read this article for further detail on early withdrawal penalties.
Many Americans enjoy performing their banking transactions with credit unions, citing better rates, non-profit status (owned by its depositors), more helpful employees, and a commitment to the community that is above the level offered by local banks. You will find a map with all credit unions that are close to you here. It is important to note that some credit unions have limited fields of membership, although others are more open ended. Under any circumstance, you must meet the membership requirements in order to become a member and open a CD or time deposit.
Those who are willing to tie up their money for one year will often get a slight premium over the best available savings rates. People who work with credit unions may find that they offer better rates on CDs or time deposits than local banks and online banks. You however should check the local bank rates where you live here and the online rates here.
To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.
Most, but not all, credit unions listed on BestCashCow are insured by the National Credit Union Administration (NCUA). You should confirm that the credit union that you are working with is NCUA-insured by visiting that institution’s BestCashCow page (NCUA coverage is detailed on the overview tab). The NCUA insures each named individual's deposits to $250,000 for all accounts at the credit union within ownership class. The rules are very similar, but not identical, to those for FDIC insurance. You should always stay within NCUA insurance limits.
BestCashCow strongly recommends that you deposit money only in NCUA insured credit unions and that you stay within insured limits. If you are considering depositing over $250,000 at a single NCUA-insured credit union across products (share certificates, time deposits, etc.) or across types of ownership (individual, joint, etc.) you should use the NCUA’s Share Insurance Toolkit in order to be sure that you are not exceeding coverage limits.
As long as your credit union is NCUA insured and you stay within the NCUA limits, As long as your credit union is NCUA insured and you stay within the NCUA limits, your money is no less safe than it would be in an FDIC-insured bank.
The difference is mainly one of terminology. But, you should always completely understand the terms of a time deposit or CD before you enter it, paying careful attention to the early withdrawal penalties. A reasonable early withdrawal penalty for a 1-year CD or time deposit is 3 months, and a reasonable early withdrawal penalty for a longer term CD is 6 months.
This is a decision that depends on your own specific circumstances, your needs for cash, and other investments that you may wish to pursue over the period of your time deposit or CD. The premium in a one-year CD is very small, with the premium of longer-term CDs being a little wider. A small difference in compounding interest can make a large difference over long period of time. You may wish to familiarize yourself with our Savings Booster Calculator in order to understand the importance of compounding interest at higher rates on your money over time.
Find out how much extra money you can earn by moving your bank money into an account that pays more.
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