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A Comprehensive Guide to Choosing the Best Banks and Bank Rates in Illinois

Introduction:

When it comes to managing your finances, selecting the right bank is paramount. In Illinois, a state with a diverse financial sector, choosing the best bank is essential for effective financial management. In this article, we will explore key factors to consider when choosing a bank in Illinois and highlight some of the best bank rates currently available in the state.

Determine Your Financial Goals:

Before diving into the process of selecting a bank, it's important to define your financial goals. Assess whether you need basic banking services, specialized accounts, loans, credit cards, or investment opportunities. Understanding your objectives will help you narrow down your options and find a bank that aligns with your specific needs.

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Research Bank Reputation and Stability:

The reputation and stability of a bank are vital considerations. Look for banks with a strong presence in Illinois, a history of reliability, and positive customer feedback. A financially secure bank provides peace of mind and ensures the safety of your funds.

Evaluate the Range of Services:

Consider the range of services offered by each bank. Assess whether they provide convenient online and mobile banking options, accessible ATM networks, and branch locations that suit your preferences. Additionally, look for value-added services such as financial planning assistance, wealth management solutions, or educational resources that can contribute to your financial success.

Assess Fees and Charges:

Banks often have different fee structures, including maintenance fees, ATM fees, overdraft fees, and transaction charges. Carefully review the fee schedules of potential banks to ensure they align with your banking habits and minimize unnecessary costs. Some banks may offer fee waivers or reduced fees for certain account types, so be sure to review the terms and conditions.

Compare Interest Rates:

Interest rates play a significant role in optimizing your savings and reducing borrowing costs. Look for banks that offer competitive interest rates on savings accounts, certificates of deposit (CDs), personal loans, and mortgages. Higher interest rates can help grow your savings, while lower rates can save you money on loans. Pay attention to any associated terms and conditions, such as minimum balances or introductory rates.

Best Bank Rates in Illinois:
While specific rates may vary over time, the following banks in Illinois have consistently offered competitive rates:
a) Chase Bank:

With a strong presence in Illinois, Chase Bank offers competitive interest rates on savings accounts, CDs, and mortgage loans.

b) BMO Harris Bank:

A trusted financial institution in Illinois, BMO Harris Bank provides competitive rates on savings accounts, CDs, and personal loans.

c) Wintrust Bank:

Known for its community focus, Wintrust Bank offers competitive interest rates on savings accounts, CDs, and mortgage loans.

c) Wintrust Bank:

Known for its community focus, Wintrust Bank offers competitive interest rates on savings accounts, CDs, and mortgage loans.

d) First Midwest Bank:

With a wide range of banking products, First Midwest Bank offers competitive rates on savings accounts, CDs, and personal loans.

Conclusion:

Selecting the best bank in Illinois involves careful consideration of your financial goals, the bank's reputation and stability, the range of services offered, fee structures, and competitive interest rates. By conducting thorough research and assessing your needs, you can find a bank that provides convenience, security, and favorable rates. Regularly reviewing your banking requirements will ensure that your financial goals continue to be met effectively.

Banks in Illinois

Finding Illinois banks is easy at BANKSWD.COM - a powerful bank directory. We have all data about banks in Illinois IL. You can find here the best banks in Illinois also. All cities in the state are listed below.

Browse cities to find a list of Illinois banks or use Bank Search function on the left!

List of bank locations in Illinois


Abingdon
Addison
Albany
Albers
Albion
Aledo
Alexis
Algonquin
Alhambra
Allendale
Allerton
Alpha
Alsip
Altamont
Alto Pass
Alton
Amboy
Anchor
Andalusia
Andover
Anna
Annawan
Antioch
Apple River
Arcola
Arenzville
Argenta
Arlington Heights
Arlington Hts.
Aroma Park
Arthur
Ashkum
Ashland
Ashley
Ashmore
Ashton
Assumption
Astoria
Athens
Atlanta
Atwood
Auburn
Augusta
Aurora
Ava
Aviston
Avon
Bannockburn
Barrington
Barry
Bartelso
Bartlett
Bartonville
Batavia
Beardstown
Beaverville
Beckemeyer
Beecher
Beecher City
Belleville
Bellwood
Belvidere
Bement
Bensenville
Benson
Benton
Berkeley
Berwyn
Bethalto
Bethany
Blandinsville
Bloomingdale
Bloomington
Blue Island
Blue Mound
Bluffs
Bolingbrook
Bourbonnais
Bowen
Bradford
Bradley
Breese
Bridgeport
Bridgeview
Brighton
Brimfield
Broadlands
Broadview
Brocton
Brookfield
Brownstown
Brussels
Buckley
Buffalo Grove
Buffalo Prairie
Bunker Hill
Burbank
Burlington
Burr Ridge
Bushnell
Byron
Cahokia
Cairo
Calumet City
Calumet Park
Cambria
Cambridge
Camp Grove
Camp Point
Campbell Hill
Campus
Canton
Carbondale
Carlinville
Carlock
Carlyle
Carmi
Carol Stream
Carpentersville
Carrier Mills
Carrollton
Carterville
Carthage
Cary
Casey
Caseyville
Catlin
Cave In Rock
Centralia
Cerro Gordo
Chadwick
Champaign
Channahon
Chapin
Charleston
Chatham
Chatsworth
Chebanse
Chenoa
Cherry
Chester
Chesterfield
Chestnut
Chicago
Chicago Heights
Chicago Ridge
Chicgo
Chillicothe
Chrisman
Christopher
Cicero
Cisne
Cissna Park
Clarendon Hills
Clay City
Clayton
Clifton
Clinton
Coal City
Coal Valley
Cobden
Coffeen
Colchester
Colfax
Collinsville
Colona
Columbia
Colusa
Cortland
Coulterville
Country Club Hills
Countryside
Cowden
Creal Springs
Crest Hill
Creston
Crestwood
Crete
Crossville
Crystal Lake
Cuba
Cullom
Dahlgren
Dallas City
Dalton City
Danforth
Danvers
Danville
Darien
Davis
Davis Junction
De Kalb
De Soto
Decatur
Deer Creek
Deer Park
Deerfield
Dekalb
Delavan
Des Plaines
Dewey
Diamond
Dieterich
Divernon
Dix
Dixon
Dolton
Dongola
Downers Grove
Downers Grove Main
Du Quoin
Dubois
Dundee
Dunlap
Dupo
Durand
Dwight
East Alton
East Dubuque
East Moline
East Peoria
East Saint Louis
East St. Louis
Easton
Edinburg
Edwardsville
Effingham
El Paso
Elburn
Eldorado
Elgin
Elizabeth
Elizabethtown
Elk Grove
Elk Grove Village
Elkhart
Elkville
Elmhurst
Elmwood
Elmwood Park
Emden
Energy
Erie
Eureka
Evanston
Evansville
Evergreen Park
Fairbury
Fairfield
Fairmont City
Fairmount
Fairview
Fairview Heights
Farina
Farmer City
Farmersville
Farmington
Fieldon
Fillmore
Findlay
Fisher
Flanagan
Flora
Flossmoor
Forest Park
Forrest
Forreston
Forsyth
Fox Lake
Fox River Grove
Frankfort
Franklin
Franklin Grove
Franklin Park
Freeburg
Freeport
Fulton
Galatia
Galena
Galesburg
Galva
Gardner
Geneseo
Geneva
Genoa
Georgetown
German Valley
Germantown
Gibson City
Gifford
Gillespie
Gilman
Girard
Glasford
Glen Carbon
Glen Ellyn
Glencoe
Glendale Heights
Glenview
Glenwood
Godfrey
Golconda
Golden
Goodfield
Goreville
Grafton
Grand Chain
Grand Ridge
Grand Tower
Granite City
Grant Park
Granville
Grayille
Graymont
Grayslake
Grayville
Great Lakes
Green Valley
Greenfield
Greenup
Greenview
Greenville
Gridley
Griggsville
Gurnee
Hamel
Hamilton
Hammond
Hampshire
Hanna City
Hanover
Hanover Park
Hardin
Harrisburg
Hartsburg
Harvard
Harvey
Harwood Heights
Havana
Hawthorn Woods
Hebron
Hennepin
Henry
Herrick
Herrin
Herscher
Heyworth
Hickory Hills
Highland
Highland Park
Highwood
Hillsboro
Hillside
Hinckley
Hinsdale
Hodgkins
Hoffman
Hoffman Estates
Homer
Homer Glen
Homewood
Hoopeston
Hopedale
Hoyleton
Hudson
Hull
Huntley
Hutsonville
Illiopolis
Industry
Ingraham
Ipava
Iroquois
Irving
Irvington
Island Lake
Itasca
Iuka
Ivesdale
Jacksonville
Jerseyville
Johnsburg
Johnston City
Joliet
Jonesboro
Joy
Kampsville
Kaneville
Kankakee
Kansas
Karnak
Kempton
Kent
Kewanee
Kildeer
Kincaid
Kinderhook
Kinmundy
Kirkland
Knoxville
La Grange
La Grange Park
La Harpe
La Moille
La Salle
Lacon
Ladd
Lake Barrington
Lake Bluff
Lake Forest
Lake In The Hills
Lake Villa
Lake Zurich
Lakemoor
Lanark
Lansing
Latham
Lawrenceville
Le Roy
Lebanon
Leland
Lemont
Lemont Township
Lena
Lerna
Lewistown
Lexington
Liberty
Libertyville
Lima
Lincoln
Lincolnshire
Lincolnwood
Lindenhurst
Lisle
Litchfield
Loami
Lockport
Loda
Lomax
Lombard
Long Grove
Lostant
Louisville
Loves Park
Lovington
Lynwood
Lyons
Machesney Park
Mackinaw
Macomb
Macon
Madison
Mahomet
Malden
Malta
Manhattan
Manito
Manlius
Mansfield
Manteno
Mapleton
Marengo
Marine
Marion
Marissa
Markham
Maroa
Marseilles
Marshall
Martinsville
Maryville
Mascoutah
Mason City
Matteson
Mattoon
Maywood
Mchenry
Mclean
Mcleansboro
Mcnabb
Mechanicsburg
Medora
Melrose Park
Melvin
Mendon
Mendota
Meredosia
Metamora
Metropolis
Middletown
Midlothian
Milan
Milford
Milledgeville
Millstadt
Minier
Minonk
Minooka
Modesto
Mokena
Moline
Momence
Monee
Monmouth
Monroe Center
Montgaomery
Montgomery
Monticello
Morris
Morrison
Morrisonville
Morton
Morton Grove
Mounds
Mount Auburn
Mount Carmel
Mount Carroll
Mount Erie
Mount Morris
Mount Prospect
Mount Pulaski
Mount Sterling
Mount Vernon
Mount Zion
Moweaqua
Mt. Olive
Mulberry Grove
Mundelein
Murphysboro
Murrayville
Naperville
Nashville
Nauvoo
Neoga
Neponset
New Athens
New Baden
New Berlin
New Holland
New Lenox
New Windsor
Newark
Newman
Newton
Niantic
Niles
Niota
Nokomis
Normal
Norridge
Norris City
North Aurora
North Barrington
North Chicago
North Riverside
Northbrook
Northfield
Northlake
O Fallon
O'Fallon
Oak Brook
Oak Brook Terrace
Oak Forest
Oak Lawn
Oak Park
Oakbrook
Oakbrook Terrace
Oakdale
Oakland
Oakwood
Oblong
Odell
Ofallon
Ogden
Oglesby
Okawville
Olmsted
Olney
Olympia Fields
Onarga
Oneida
Oquawka
Orangeville
Oreana
Oregon
Orion
Orland Hills
Orland Park
Oswego
Ottawa
Palatine
Palatine Township
Palestine
Palmyra
Palos Heights
Palos Hills
Palos Park
Pana
Paris
Park Forest
Park Ridge
Patoka
Paw Paw
Pawnee
Paxton
Payson
Pearl City
Pecatonica
Pekin
Peoria
Peoria Heights
Peotone
Percy
Peru
Petersburg
Philo
Pinckneyville
Piper City
Pittsfield
Plainfield
Plano
Pleasant Hill
Pleasant Plains
Polo
Pontiac
Poplar Grove
Port Byron
Potomac
Prairie Du Rocher
Princeton
Princeville
Prophetstown
Prospect Heights
Quincy
Ramsey
Rantoul
Rapid City
Raritan
Raymond
Red Bud
Reynolds
Richmond
Richton Park
Ridgway
River Forest
Riverdale
Riverside
Riverton
Riverwoods
Roanoke
Roberts
Robinson
Rochelle
Rochester
Rock Falls
Rock Island
Rockford
Rockton
Rolling Meadows
Romeoville
Roodhouse
Roscoe
Roselle
Rosemont
Roseville
Rosiclare
Rossville
Round Lake
Round Lake Beach
Round Lake Heights
Royal
Royalton
Ruma
Rushville
Saint Charles
Saint Elmo
Saint Jacob
Saint Joseph
Saint Libory
Saint Peter
Sainte Marie
Salem
San Jose
Sandoval
Sandwich
Sauk Village
Saunemin
Savanna
Savoy
Scales Mound
Schaumburg
Schiller Park
Seneca
Serena
Sesser
Shabbona
Shannon
Shawneetown
Sheffield
Shelbyville
Sheldon
Sheridan
Sherman
Sherrard
Shiloh
Shorewood
Sidell
Sidney
Sigel
Silvis
Skokie
Smithton
Somonauk
South Barrington
South Chicago Heights
South Elgin
South Holland
Sparta
Speer
Spring Bay
Spring Grove
Spring Valley
Springfield
St. Anne
St. Charles
St. Francisville
St. Jacob
Staunton
Steeleville
Steger
Sterling
Stewardson
Stickney
Stillman Valley
Stockton
Stone Park
Stonington
Strasburg
Streamwood
Streator
Stronghurst
Sugar Grove
Sullivan
Summit
Sumner
Swansea
Sycamore
Table Grove
Tamaroa
Tamms
Tampico
Taylor Ridge
Taylorville
Teutopolis
Thomasboro
Thompson
Thompsonville
Tinley Park
Tinley Park,
Toledo
Tolono
Toluca
Toulon
Tower Hill
Tremont
Trenton
Trivoli
Troy
Tuscola
Ullin
Union
Urbana
Ursa
Utica
Valmeyer
Van Orin
Vandalia
Varna
Vergennes
Vermont
Vernon Hills
Vienna
Villa Grove
Villa Park
Viola
Virden
Virginia
Walnut
Warren
Warrensburg
Warrenville
Warsaw
Wasco
Washburn
Washington
Waterloo
Waterman
Watseka
Wauconda
Waukegan
Waverly
Wayne City
Wenona
West Brooklyn
West Chicago
West Dundee
West Frankfort
West Salem
Westchester
Western Springs
Westmont
Westville
Wheaton
Wheeling
White Hall
Whittington
Williamsfield
Williamsville
Willow Springs
Willowbrook
Wilmette
Wilmington
Winchester
Windsor
Winfield
Winnebago
Winnetka
Winslow
Witt
Wonder Lake
Wood Dale
Wood River
Woodhull
Woodlawn
Woodridge
Woodstock
Worth
Wyoming
Xenia
Yates City
Yorkville
Zeigler
Zion
List of Illinois local banks
Best Local Banks in Illinois
IL Best Local Banks
Illinois Best Local Bank

Daily Best Banks' CD Rates

Program
Rate
Bank
1 Yr
5.36%
CIBC Bank USA: 5.36% APY, $1,000 minimum deposit
1 Yr
5.35%
Limelight Bank: 5.35% APY, $1,000 minimum deposit
1 Yr
5.27%
TAB Bank: 5.27% APY, $1,000 minimum deposit
1 Yr
5.26%
First Internet Bank of Indiana: 5.26% APY, $1,000 minimum deposit
1 Yr
5.20%
Bask Bank: 5.20% APY, $1,000 minimum deposit
1 Yr
5.15%
LendingClub Bank: 5.15% APY, $2,500 minimum deposit
1 Yr
5.15%
Popular Direct: 5.15% APY, $10,000 minimum deposit
1 Yr
5.00%
Barclays Bank: 5.00% APY, $0 minimum deposit
1 Yr
5.00%
Capital One: 5.00% APY, $0 minimum deposit

*CD Rates are subject to change without notice and may vary from bank to bank and branch to branch. Please contact your local bank for updated bank CD rates.