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Mario Treto, Jr., Secretary

Interest Rates Affecting the Security Deposit Interest Act

News Release – Wednesday, January 3, 2024

The Illinois Department of Financial and Professional Regulation, Division of Banking announced today that the interest rate paid by the largest commercial bank with its main banking premises in Illinois on minimum deposit savings accounts as of December 31, 2023 was 0.005% with an Annual Percentage Yield (APY) of 0.01%.

To view the entire press release please click here.

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