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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. 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, July 30, 2010

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
no quote

no quote

no quote
no quote

no quote

no quote

no quote
no quote
no quote
no quote
IL Funds MMF
2.00
2.00
2.00

2.00

2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00

Reduced Rate Program
The Treasurer reserves the right to establish rates for the Linked Deposit Programs.
As of July 1, 2010, the rate is 1% for ALL Linked Deposit Programs. It will remain at 1%
through December 31, 2010, or until $200 million is allotted, whichever comes first.
This rate is only available for new projects that are approved before the deadline or the allotment cap. This record low rate is intended to make our investments competitive with
the marketplace, help stimulate the economy, and generate employment statewide.


State Treasurer's Linked Deposit Programs
1 yr. 2 yr. 3 yr.

Reduced Rate Program (eff. 7/1/2010 through 12/31/2010)

1.00
1.00
n/a
Cultivate Illinois
Environmental and Agricultural Long-Term Loan Program
n/a
1.00
2.00
Annual Agriculture Loan Program for July 2010

1.00

n/a
n/a
Annual Agriculture Loan Program Compliance Rate for July 2010

1.20

n/a
n/a
Storm and Drought Loan Program
1.00
1.00
2.00
Green Energy Program

n/a

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

Illinois Funds
90 days
180 days
270 days
365 days
Local Government Short-Term Loan Program
1.00
1.00
1.00
1.00

 
   

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 Fund allows 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.