Republic Bank of Chicago is currently offering a special CD rate promotion in Illinois that is worthy of consideration for rate shoppers that have both, big and small, savings portfolios.  The nine-month term certificate falls right into the investment time horizon sweet spot for savers and investors looking to minimize interest rate risk.

With this bank CD, account holders get a yield that is well above the national average rate and a term to maturity that protects against the opportunity cost that is inherent in a rising rate environment.

Producing a 2.25% rate of return, the CD rate promotion available through Republic Bank of Chicago is five times the national average rate found on one-year bank CDs (source: https://www.fdic.gov/regulations/resources/rates).

With a fixed interest rate, a certificate of deposit is a great choice for those who want a predictable return on their investment during times of uncertainty to protect against market downturn while earning a competitive rate of return.  Republic Bank’s CD fits the bill in today’s economic climate with its high yield, low minimum deposit requirement, and relatively short duration that offers the account holder some liquidity should interest rates or other market momentum change.

The certificate of deposit Annual Percentage Yield (APY) for the Republic Bank of Chicago nine-month CD rate promotion is accurate as of September 23rd, 2018.  The minimum balance required to open and obtain the APY is $1,000.00. A penalty may be imposed for early withdrawal.  Bank offer may be withdrawn or revised at any time without notice by the financial institution.  Additional terms and conditions may apply.

Republic Bank of Chicago has been in operation since 1964.  The bank operates 19 Banking Centers in the Chicagoland area including bank branch locations in Addison, Berkeley, Berwyn, Chicago, Darien, Hinsdale, Hodgkins, Lincolnwood, Naperville, Oak Brook, Orland Park, Palos Park, Tinley Park, and West Chicago.

More savings options can be found by visiting the SelectCDrates.com Illinois CD rates page to compare the highest yielding certificates in the state by rate and maturity.

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