Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Fidelity Bank & Trust (IA) has a Snap $tack Savings available at 5.12% APY (min deposit $1,000). Michigan State University Federal Credit Union has a Savings Builder available at 5.00% APY (min deposit $0). Michigan State University Federal Credit Union has a Savings Builder - Tier 1 available at 5.00% APY (min deposit $0). Vibrant Credit Union has a Digital Advantage Savings account available at 4.40% APY (min deposit $0).
Find the best savings and money market rates in Illinois today. Our real-time rate table below compares offers from top lenders to help you grow your savings. Whether you are looking for a traditional savings account or a high-yield option in IL, comparing APYs is the best way to maximize your interest earnings.
The following rates reflect recent market quotes and representative offers available to Illinois depositors. Actual savings rates may vary by financial institution and market conditions.
Last Updated and Verified: March 5, 2026
Savings Rates in Illinois and Area
•Snap $tack Savings:
5.12%
•Savings Builder:
5.00%
•Savings Builder - Tier 1:
5.00%
•Digital Advantage Savings account:
4.40%
•Elite Savings:
4.25%
Rates shown are recent market averages and representative quotes. Actual rates may vary.
Last Updated and Verified: March 5, 2026
Best Illinois and Area Savings Rates & Money Market Rates
Bank / Credit Union
Product
APY
Min Deposit
Fidelity Bank & Trust (IA) East Dubuque, IL
Snap $tack Savings
5.12%
$1,000
▼
Rate 5.12%
Min Deposit $1,000
Last Updated 03/05/2026
Details
Earns 5.12% APY on balances $0 - $5,000.00*
Michigan State University Federal Credit Union Richmond, IL
Savings Builder
5.00%
$0
▼
Rate 5.00%
Min Deposit $0
Last Updated 03/05/2026
Details
Michigan State University Federal Credit Union Richmond, IL
Savings Builder - Tier 1
5.00%
$0
▼
Rate 5.00%
Min Deposit $0
Last Updated 03/05/2026
Details
Vibrant Credit Union Moline, IL
Digital Advantage Savings account
4.40%
$0
▼
Rate 4.40%
Min Deposit $0
Last Updated 03/05/2026
Details
Average Daily Balance: $0 - $4,999
Vibrant Credit Union Moline, IL
Elite Savings
4.25%
$1,000,000
▼
Rate 4.25%
Min Deposit $1,000,000
Last Updated 03/05/2026
Details
Average Daily Balance: $1,000,000+
FCB Banks Troy, MO
Hometown Money Market (with Direct Deposit)
4.10%
$0
▼
Rate 4.10%
Min Deposit $0
Last Updated 03/05/2026
Details
State Farm Federal Credit Union Bloomington, IL
IRA Savings Accounts
4.08%
$0
▼
Rate 4.08%
Min Deposit $0
Last Updated 03/05/2026
Details
State Farm Federal Credit Union Bloomington, IL
Share Savings Accounts
4.08%
$0
▼
Rate 4.08%
Min Deposit $0
Last Updated 03/05/2026
Details
De Witt Savings Bank Moweaqua, IL
N-Vest Money Market Tier 7
4.07%
$25,000
▼
Rate 4.07%
Min Deposit $25,000
Last Updated 03/05/2026
Details
Vibrant Credit Union Moline, IL
Elite Savings
4.00%
$250,000
▼
Rate 4.00%
Min Deposit $250,000
Last Updated 03/05/2026
Details
Average Daily Balance: $250,000 - $999,999
Dieterich Bank Waterloo, IL
Extreme Green Savings
4.00%
$0
▼
Rate 4.00%
Min Deposit $0
Last Updated 03/05/2026
Details
balances up to $20,000 receive APY of 4.00%; and (3) balances over $20,000 earn 0.20% interest rate on portion of balance over $20,000, resulting in 4.00% - 0.20% APY. If qualifications are not met, all balances earn 0.10% APY
Dieterich Bank Waterloo, IL
Extreme Green Savings (Monthly)
4.00%
$25
▼
Rate 4.00%
Min Deposit $25
Last Updated 03/05/2026
Details
$0.01 - $20,000
FCB Banks Troy, MO
Hometown Money Market (without Direct Deposit)
4.00%
$0
▼
Rate 4.00%
Min Deposit $0
Last Updated 03/05/2026
Details
First Bank Creve Coeur, MO Swansea, IL
Kids Cash Savings
4.00%
$0
▼
Rate 4.00%
Min Deposit $0
Last Updated 03/05/2026
Details
Earns 4.00% APY on balances $.01 - $500.00; 0.01% APY on $500.01 or more†
United Trust Bank Palos Heights, IL
Money Market
4.00%
$100,000
▼
Rate 4.00%
Min Deposit $100,000
Last Updated 03/05/2026
Details
New Money Only; $100,000 and over
Vibrant Credit Union Moline, IL
Preferred Savings
4.00%
$10,000
▼
Rate 4.00%
Min Deposit $10,000
Last Updated 03/05/2026
Details
Average Daily Balance: $10,000 - $14,999
United Trust Bank Palos Heights, IL
Premium Money Market Special
4.00%
$100,000
▼
Rate 4.00%
Min Deposit $100,000
Last Updated 03/05/2026
Details
as of 4/9/2025; $100,000 and over
IH Mississippi Valley Credit Union Silvis, IL
SavingsBooster
4.00%
$0
▼
Rate 4.00%
Min Deposit $0
Last Updated 03/05/2026
Details
United Trust Bank Palos Heights, IL
Money Market
3.90%
$10,000
▼
Rate 3.90%
Min Deposit $10,000
Last Updated 03/05/2026
Details
New Money Only; $10,000-99,999.99
United Trust Bank Palos Heights, IL
Premium Money Market Special
3.90%
$10,000
▼
Rate 3.90%
Min Deposit $10,000
Last Updated 03/05/2026
Details
as of 4/9/2025; $10,000-99,999.99
Waterman Bank Waterman, IL
Business Money Market
3.82%
$2,500
▼
Rate 3.82%
Min Deposit $2,500
Last Updated 03/05/2026
Details
Waterman Bank Waterman, IL
Business Savings
3.82%
$50
▼
Rate 3.82%
Min Deposit $50
Last Updated 03/05/2026
Details
Waterman Bank Waterman, IL
High-Yield Savings
3.82%
$50
▼
Rate 3.82%
Min Deposit $50
Last Updated 03/05/2026
Details
Waterman Bank Waterman, IL
Kids Savings
3.82%
$50
▼
Rate 3.82%
Min Deposit $50
Last Updated 03/05/2026
Details
Waterman Bank Waterman, IL
Money Market
3.82%
$2,500
▼
Rate 3.82%
Min Deposit $2,500
Last Updated 03/05/2026
Details
FCB Banks Troy, MO
Hometown Money Market (with Direct Deposit)
3.80%
$0
▼
Rate 3.80%
Min Deposit $0
Last Updated 03/05/2026
Details
Northrop Grumman Federal Credit Union Rolling Meadows, IL
IRA Savings 12 Month
3.79%
$0
▼
Rate 3.79%
Min Deposit $0
Last Updated 03/05/2026
Details
Corporate America Family Credit Union Warrenville, VA
Business Prosperity Savings
3.75%
$1,000
▼
Rate 3.75%
Min Deposit $1,000
Last Updated 03/05/2026
Details
intro rate subject to change; Promotional offer starts on 9/15/25 and is valid for a limited time only. Promotional rate of 3.75% APY applies to new Business Prosperity accounts opened with a minimum balance of at least $1,000.00; if balance falls below $1,000, the account will be closed and the remaining funds will be transferred to your Regular Share Account. Existing CAFCU savings accounts are excluded from this offer. To qualify for this offer, funds must be moved from another financial institution. This means qualifying funds must not currently be on deposit at CAFCU. Rates subject to change at any time and without notice. To qualify for the promotional rate, your accounts must be in good standing, and you must open a new Business Prosperity account. At the end of the promotional term, the standard savings rates will apply. Dividends are calculated daily and paid monthly. Your savings are federally insured up to at least $250,000 and backed by the full faith and credit of the United States Government. Contact CAFCU for complete details.
Vibrant Credit Union Moline, IL
Elite Savings
3.75%
$100,000
▼
Rate 3.75%
Min Deposit $100,000
Last Updated 03/05/2026
Details
Average Daily Balance: $100,000 - $249,999
Royal Business Bank Chicago, IL
New Year Flexible Savings Account
3.75%
$0
▼
Rate 3.75%
Min Deposit $0
Last Updated 03/05/2026
Details
no restriction to Deposit or Withdraw
FCB Banks Troy, MO
Hometown Money Market (without Direct Deposit)
3.70%
$0
▼
Rate 3.70%
Min Deposit $0
Last Updated 03/05/2026
Details
Gold Coast Bank Chicago, IL
GCB Money Market Account
3.67%
$0
▼
Rate 3.67%
Min Deposit $0
Last Updated 03/05/2026
Details
Michigan State University Federal Credit Union Richmond, IL
Savings Builder
3.62%
$0
▼
Rate 3.62%
Min Deposit $0
Last Updated 03/05/2026
Details
Earns 3.62% to 5.00% APY on balances $1,000 - $1,999.99
Michigan State University Federal Credit Union Richmond, IL
Savings Builder - Tier 2
3.62%
$0
▼
Rate 3.62%
Min Deposit $0
Last Updated 03/05/2026
Details
Earns 3.62% to 5.00% APY on balances $1,000 - $1,999.99
Northrop Grumman Federal Credit Union Rolling Meadows, IL
IRA Savings 48 Month
3.60%
$0
▼
Rate 3.60%
Min Deposit $0
Last Updated 03/05/2026
Details
Northrop Grumman Federal Credit Union Rolling Meadows, IL
IRA Savings 60 Month
3.60%
$0
▼
Rate 3.60%
Min Deposit $0
Last Updated 03/05/2026
Details
Northrop Grumman Federal Credit Union Rolling Meadows, IL
IRA Savings 24 Month
3.59%
$0
▼
Rate 3.59%
Min Deposit $0
Last Updated 03/05/2026
Details
De Witt Savings Bank Moweaqua, IL
N-Vest Money Market Tier 6
3.56%
$25,000
▼
Rate 3.56%
Min Deposit $25,000
Last Updated 03/05/2026
Details
Northrop Grumman Federal Credit Union Rolling Meadows, IL
IRA Savings 36 Month
3.55%
$0
▼
Rate 3.55%
Min Deposit $0
Last Updated 03/05/2026
Details
UMB Bank Rockford, IL
UMB Retail Money Market Tier II - 24,999.99
3.51%
$10,000
▼
Rate 3.51%
Min Deposit $10,000
Last Updated 03/05/2026
Details
$10,000
UMB Bank Rockford, IL
UMB Retail Money Market Tier III - 49,999.99
3.51%
$25,000
▼
Rate 3.51%
Min Deposit $25,000
Last Updated 03/05/2026
Details
$25,000
UMB Bank Rockford, IL
UMB Retail Money Market Tier IV - 74,999.99
3.51%
$50,000
▼
Rate 3.51%
Min Deposit $50,000
Last Updated 03/05/2026
Details
$50,000
UMB Bank Rockford, IL
UMB Retail Money Market Tier V - 99,999.99
3.51%
$75,000
▼
Rate 3.51%
Min Deposit $75,000
Last Updated 03/05/2026
Details
$75,000
UMB Bank Rockford, IL
UMB Retail Money Market Tier VI - 999,999.99
3.51%
$100,000
▼
Rate 3.51%
Min Deposit $100,000
Last Updated 03/05/2026
Details
$100,000
UMB Bank Rockford, IL
UMB Retail Money Market Tier VII & over
3.51%
$1,000,000
▼
Rate 3.51%
Min Deposit $1,000,000
Last Updated 03/05/2026
Details
$1,000,000
Great Lakes Credit Union Zion, IL
Business Money Market Account
3.50%
$0
▼
Rate 3.50%
Min Deposit $0
Last Updated 03/05/2026
Details
Accounts with $100,000.00 or greater will earn 3.50% APY* during the promotion and 2.05% APY after the promotion.
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data:
We aggregate savings account rates for Illinois directly from the official websites of banks and credit unions using a combination of our proprietary rate aggregation technology and a dedicated team of rate updaters. By pulling this data straight from the institutions' own digital properties and manually verifying the yields daily, we ensure that every savings rate displayed on savingsaccount.monitorbankrates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage:
Our systems and team constantly monitor the market to provide a complete picture of available yields in Illinois. We feature a comprehensive mix of financial institutions, allowing you to easily compare localized savings rates from neighborhood credit unions, competitive offers from mid-sized regional banks, and high-yield savings accounts from large national institutions available to savers in IL.
Daily Updates & Time-Stamped Accuracy:
To maintain the highest level of data integrity, our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly based on market conditions, every single savings product listed on our platform features its own specific "last updated" date. This gives you absolute transparency into exactly when that specific yield was confirmed.
Disclaimer: Savings rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions in Illinois.
It is always advisable to check with the specific financial institution's official website for the most current offers and terms.
Last Updated and Verified: March 5, 2026
How to Find the Best Savings Account in Illinois
Compare APY (Annual Percentage Yield)The APY determines how much interest you will earn in a year. Unlike simple interest, APY includes compound interest. Always look for the highest APY to maximize your earnings.
Check Minimum Deposit RequirementsSome high-yield savings accounts require a large initial deposit (e.g., $5,000 or $10,000) to earn the advertised rate. Ensure you can meet these minimums before applying.
Review Monthly FeesAvoid accounts that charge monthly maintenance fees, as these can eat into your interest earnings. Many online banks and credit unions offer no-fee savings accounts.
Verify FDIC or NCUA InsuranceEnsure your money is safe. Banks should be FDIC insured, and Credit Unions should be NCUA insured. This protects your deposits up to $250,000 per depositor.
Frequently Asked Questions for Illinois
What are the current savings rates in Illinois and the surrounding area ▼
Below is a list of current savings and money market rates available for Illinois. We track lenders daily to provide the most up-to-date APY and term information.
Lender / Product
APY
Min Dep
Fidelity Bank & Trust (IA)
Snap $tack Savings
5.12%
$1,000
Michigan State University Federal Credit Union
Savings Builder
5.00%
$0
Michigan State University Federal Credit Union
Savings Builder - Tier 1
5.00%
$0
Vibrant Credit Union
Digital Advantage Savings account
4.40%
$0
Vibrant Credit Union
Elite Savings
4.25%
$1,000,000
Lender / Product
APY
Min Dep
FCB Banks
Hometown Money Market (with Direct Deposit)
4.10%
$0
State Farm Federal Credit Union
IRA Savings Accounts
4.08%
$0
State Farm Federal Credit Union
Share Savings Accounts
4.08%
$0
De Witt Savings Bank
N-Vest Money Market Tier 7
4.07%
$25,000
Vibrant Credit Union
Elite Savings
4.00%
$250,000
Last Updated and Verified: March 5, 2026
What is a High-Yield Savings Account? ▼
A high-yield savings account is a type of savings account that pays a significantly higher interest rate (APY) than standard savings accounts. These are often offered by online banks that have lower overhead costs than traditional brick-and-mortar banks.
Are online savings accounts safe? ▼
Yes, as long as the online bank is FDIC insured. This provides the same level of protection (up to $250,000 per depositor) as a traditional bank. Always check for the FDIC logo on the bank's website.
Can I withdraw money from a savings account anytime? ▼
Yes, but there are limits. Federal Regulation D used to limit certain withdrawals to 6 per month, though this has been suspended. However, individual banks may still enforce transaction limits or charge fees for excessive withdrawals.
Do savings rates change? ▼
Yes, savings rates are variable and can change at any time based on the Federal Reserve's benchmark interest rates and market conditions. Unlike a CD (Certificate of Deposit), your savings rate is not locked in.
