Locating the Best 24-Month CD Rates in Des Plaines, IL: March 2011
If you live in Des Plaines, IL and are interested in opening a 2 Year CD account, there are a few factors you’ll need to examine before choosing the best account for you. Things like the minimum balance required and term length of your CD are important, but the interest rate offered is likely your top concern.
Longer term lengths generally yield higher CD rates, which is probably why you’re interested in a 24-month CD. That doesn’t necessarily mean every 2 year CD rate is good, however. Des Plaines Banking Rates can help familiarize you with the rates available in Des Plaines and find the rates that are truly competitive for the area.
Average 2 Year CD Rates in Des Plaines
Since Des Plaines Banking Rates compiles rates information from financial institutions within a 50-mile radius of Des Plaines, there are a lot of numbers to sift through. In fact, there is currently a total of 168 CD accounts with a term length of 2 years to choose from. However, if you know the average 24-month CD rate in Des Plaines, you can weed out low rates.
Today, the highest 24-month CD rate we have on record in Des Plaines is 2.5% APY, while the lowest is 0% APY. The average of these rates and all others available in and around Des Plaines is 1.48% APY.
Now that you know how high the average 2 year CD rate in Des Plaines should be, you can easily determine which offers are good and which ones are too low to really grow your money.
You can also view CD rates for other term lengths, like 6 months or 1 year, by visiting the Des Plaines CD Rates page.
