Glossary of Investment Terms

 

 

 
   
 
 

The following rates are for financial institutions who are interested in participating in the Treasurer's various deposit programs. The rates quoted herein are for illustrative purposes only and are subject to change without notice. The Treasurer reserves the right to establish rate floors for the linked deposit programs. As of October 2007, the floor is 2 percent for all but two linked deposit programs. The floor for Green Rewards is .25 percent. The rate for Citizen Soldiers is always 1 percent. To establish the terms of a state deposit, the financial institution must contact the Banking Division Time Deposit Section at
(217) 782-2071 to speak with an authorized representative.


Friday,  September 5, 2008
Access to Capital

30
days
60
days
90
days
120
days
150
days
180
days
210
days
240
days
270
days
300
days
330
days
365
days
State
no  quote
no quote

2.06

2.06
no quote
no quote

no quote

no quote
no quote
no quote
no quote
no quote
IL Funds MMF
no  quote
2.06
2.06
2.06
2.06
2.06
   no quote
no quote
no quote
no quote
no quote
no quote
IL Funds Prime

2.06
no quote
  2.06
2.06
2.06
  2.06   no quote
no quote
no quote
   no quote   no quote   no quote

 

State Treasurer's Linked Deposit Programs
1 yr. 2 yr. 3 yr.
Cultivate Illinois
Environmental and Agricultural Long-Term Loan Program
n/a
2.00
2.00
Annual Agriculture Loan Program
2.58
n/a
n/a
Storm and Drought Loan Program
2.00
2.00
2.00
Green Energy Program

n/a
2.00
2.00
Employ Illinois
Business Loan Program (for Job Creation, Small Business and Reserve Forces)
n/a
2.00
2.00
Business Loan Program for Child Care Providers
n/a
2.00
2.00
Opportunity Illinois
Banking Development Loan Program
n/a
2.00
2.00
Community Development Loan Program
n/a
2.00
2.00
Hospital Loan Program
n/a
2.00
2.00
Consumer Loan Program for Citizen Soldiers
n/a
1.00
n/a
Consumer Loan Program for Illinoisans with Disabilities
n/a
2.00
2.00
Disaster Loan Program
2.00
2.00
2.00

 

Illinois Funds
90 days
180 days
270 days
365 days
Local Government Short-Term Loan Program
2.00
2.00
2.00
2.00

 

  
   

Employ Illinois gives business owners access to capital to start or enhance their businesses with the help of low- interest rate loans.

Opportunity Illinois backs low-interest loans to consumers and community development agencies to improve the quality of life in Illinois.

Cultivate Illinois helps farmers offset the rising cost of farming and encourages green business development.
Money Market and Prime Funds allow local government entities to pool their investments to gain a higher rate of return for their residents.
Online bill paying gives people with busy schedules a quick and convenient way to pay government bills and fees.