Waukegan Banking Rates is an up-to-date website dedicated to finding you the best rates in Waukegan, IL. There is no better place to find true value and individualized service than within your own community. We partner with leading banks and credit unions in your city to ensure that you’re on the right path toward financial success.
April 25, 2011
If one of your goals this year is to save money, why not start with where you deposit your money? A good savings account rate can help you earn a little bit of interest every day, which after time can amount to big savings. Savings account rates change all the time, so let’s take a look at what rates are currently available within your city. 
When you think about your financial future, do you think long term or short term? Do you look ahead to retirement or wonder how you’re going to make rent next week?
Instead of thinking about one of those two extremes, why not look ahead a year or two? You can achieve a lot with a smart investment–like a 24-month CD. Buying a new car, putting a down payment on a house, those are the big financial dreams that can be yours.
In an attempt to address the issues brought to light after the housing collapse in 2008, the Federal government has implemented some new laws that affect all loan officers in Lake County, as well as the rest of the country.
The Loan Officer Compensation Rule implemented by the Federal Reserve Board this month (April, 2011) is believed to signal the end of the mortgage broker industry. Another change, the Nationwide Mortgage Licensing System (NMLS) is fully functioning and now providing consumers with a way to research their loan officers.
If you’re in search of the best 12-month CD rates available today, you should begin by comparing the rates from local financial institutions near you. Generally, community-oriented banks and credit unions are in a better position to offer more competitive interest rates on deposit accounts.
Effective April 18, 2011, the cost of a new FHA loan will rise. The US Department of Housing and Urban Development (HUD) has announced that all new case numbers requested as of April 18th will include an increase of 25 basis points on the monthly mortgage insurance.
Given the volatility of the stock market, many people are turning to safer methods of saving money. One such method is investing in CDs. If you find a great CD rate in Waukegan, you can save quite a bit of money and help you and your family achieve your financial goals.
With so many banking account options today, you can have your pick of the best available rates in Waukegan. Smart investors ensure that their bank account works for them, earning interest while they save. If you currently have money in a savings account, ask yourself, “Is this bank earning me the right amount of interest?”
Savings account rates across the nation will fluctuate over time, which means it’s important to check up on the latest rates near you and be sure you’re still earning the highest interest rate possible. Let’s examine what savings account interest rates are presently doing right now.
It’s a new month, which means many banks and credit unions are changing their account interest rates in Waukegan.
If you’d like to improve the interest rate you’re currently earning, take a look at the list of top Waukegan interest rates below and see if there’s one you’re missing out on
According to RealtyTrac approximately 32% of homeowners in Waukegan, IL have received notice of foreclosure. This is nearly double the National average of 17%. One out of every 314 homeowners received a foreclosure filing in February, 2011.
| Featured Rate | |
|---|---|
CIT Bank
 |
1.26%
Date: Feb 16, 2012
2-Year CD Rate
|
| Highest Rates Recent Rate Changes | |
| First Eagle Credit Union 2 Year CD Account |
1.26%
Date: Feb 8, 2012
|
| Mutual Federal Savings and Loan Association of Chicago 2 Year CD Account |
1.10%
Date: Feb 21, 2012
|
| Loyola University Employees Credit Union 12 Month CD Account |
1.05%
Date: Feb 9, 2012
|
| Beal Bank 12 Month CD Account |
1.01%
Date: Feb 9, 2012
|
| Co-Operative Credit Union 2 Year CD Account |
1.00%
Date: Feb 22, 2012
|
| Molex Employees Federal Credit Union 12 Month CD Account |
1.00%
Date: Feb 22, 2012
|
| Prospect Federal Savings Bank 2 Year CD Account |
0.80% to
0.75% Date: Feb 22, 2012
|
| Harris Bank 2 Year CD Account |
0.60% to
0.55% Date: Feb 22, 2012
|
| Racine Police Credit Union 12 Month CD Account |
0.55% to
0.30% Date: Feb 22, 2012
|
| Racine Police Credit Union Savings Account |
0.20% to
0.10% Date: Feb 22, 2012
|
| Hoyne Savings Bank 2 Year CD Account |
0.55% to
0.45% Date: Feb 21, 2012
|
| First Midwest Bank 2 Year CD Account |
0.35% to
0.25% Date: Feb 21, 2012
|
