Despite the loud rumblings about the consequences of low interest rates, certificates of deposit are a great way to earn a higher rate of interest on your money.  For CD rate shoppers in Southeast Illinois, State Bank of Chrisman offers competitive rates for consumers to help squeeze out an effective rate of return in today’s low rate market.

State Bank of Chrisman bank CDs are available with a variety of terms that can be purchased with a relatively low investment requirement.  The CD rate of interest in Illinois offered by the bank will depend on the amount of money invested and the length of time the account holders elects to keep the money on deposit.

The bank CDs have fixed interest rates with advertised terms ranging from three months to four years.  The bank also offers high yield checking and savings accounts however, the interest rates on checking and savings are variable, and may change immediately after opening the account.

IRA CDs are also available at State Bank of Chrisman.  The bank offers a range of options that can meet a variety of retirement needs including traditional IRA’s, Roth IRA’s and SEP IRA’s.  The bank IRA certificate of deposit rates offered by the bank in Illinois are the same as the listed traditional CD rates.

Current CD rates in Illinois offered by State Bank of Chrisman include the following interest rates and terms:

3 month CD rates are at 0.35 percent. The 6 month CD interest rate is 0.50 percent.  A 12 month certificate has a rate of 0.70 percent. An 18 month bank CD rate is 0.85 percent. The 24 month CD rate is 0.90 percent. A 30 month certificate has an interest rate of 1.00 percent.  The three year CD interest rate is 1.10 percent.  A four year certificate of deposit in Illinois yields 1.25 percent.

The Illinois CD rates listed are effective as of July 20, 2012 but are subject to change at anytime.  There may be a substantial penalty for early withdrawal of a CD prior to maturity.  Special CD rates and terms may also be available.

To find more information on the bank CD accounts, interest rates or a complete disclosure of the accounts offered at the State Bank of Chrisman contact the bank directly at (217) 269-2339.

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