Best Money Market Rates in Illinois - June 2026
Content reviewed by
Brian McKay
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Brian McKay
Brian McKay
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Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
Current Illinois money market deposit account rates include FSB of ForrestFSB of Forrest133 E Krack St, Forrest, IL 61741A5.0 ★Texas Ratio: 7.75% Money Market Account at 4.00% APY, United Trust BankUnited Trust Bank12330 S Harlem Ave, Palos Heights, IL 60463A+5.0 ★Texas Ratio: 2.60% Money Market at 4.00% APY, Waterman BankWaterman Bank248 W Lincoln Hwy, Waterman, IL 60556A+5.0 ★Texas Ratio: 3.95% Business Money Market at 3.82% APY, State Bank of TexasState Bank of Texas2615 W Devon Ave, Chicago, IL 60659A+5.0 ★Texas Ratio: 2.36% High-Rate Jumbo Money Market at 3.76% APY, and Republic Bank of ChicagoRepublic Bank of Chicago101 Main St, West Chicago, IL 60185A+5.0 ★Texas Ratio: 4.71% Business Money Market at 3.75% APY. Money market rates as of June 16, 2026 according to verified data from MonitorBankRates.
Use the tables below to compare money market rates across Illinois side-by-side. Illinois money market rates currently reach as high as 4.00% APY from FSB of Forrest at 133 E Krack St, Forrest, IL 61741. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Illinois and surrounding area. Last Updated and Verified: June 16, 2026
Compare the Best Money Market Rates Today in Illinois
Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
FSB of Forrest
Institution Rating:
A5.0 ★ Texas Ratio: 7.75%
133 E Krack St, Forrest, IL 61741
Money Market Account
4.00%
$0
▼
Rate3.93%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
United Trust Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.60%
12330 S Harlem Ave, Palos Heights, IL 60463
Money Market
4.00%
$0
▼
Rate3.92%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
New Money Only
United Trust Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.60%
12330 S Harlem Ave, Palos Heights, IL 60463
Premium Money Market Special
4.00%
$100,000
▼
Rate3.92%
Min Deposit$100,000
Min Balance—
UpdatedJun 16, 2026
Details
Special rate as of 4/9/2025
United Trust Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.60%
12330 S Harlem Ave, Palos Heights, IL 60463
Premium Money Market Special
3.90%
$10,000
▼
Rate3.83%
Min Deposit$10,000
Min Balance—
UpdatedJun 16, 2026
Details
Special rate as of 4/9/2025
United Trust Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.60%
12330 S Harlem Ave, Palos Heights, IL 60463
Money Market
3.90%
$0
▼
Rate3.83%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
New Money Only
Waterman Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 3.95%
248 W Lincoln Hwy, Waterman, IL 60556
Business Money Market
3.82%
$2,500
▼
Rate3.75%
Min Deposit$2,500
Min Balance—
UpdatedJun 16, 2026
Details
3
Waterman Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 3.95%
248 W Lincoln Hwy, Waterman, IL 60556
Money Market
3.82%
$2,500
▼
Rate3.75%
Min Deposit$2,500
Min Balance—
UpdatedJun 16, 2026
Details
3
State Bank of Texas
Institution Rating:
A+5.0 ★ Texas Ratio: 2.36%
2615 W Devon Ave, Chicago, IL 60659
High-Rate Jumbo Money Market
3.76%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Annual Percentage Yield is accurate as of posting date and applies to new money deposits only. Rate is subject to change without notice after account opening. Fees and/or withdrawals could reduce the earnings on the account.
Republic Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 4.71%
101 Main St, West Chicago, IL 60185
Business Money Market
3.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Earn 3.75% APY1 on your business savings. Accelerate your growth today!
First Merchants Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.78%
3301 Vollmer Rd, Flossmoor, IL 60422
Money Market Special
3.55%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 3, 2026
Details
APY (Annual Percentage Yield) effective 3/5/2026 for a limited time. Rates may vary by zip code.
Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.04%
415 S Main St, Crystal Lake, IL 60014
Money Market Special Intro rate
3.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
$15,000+
Great Lakes Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.19%
2525 Green Bay Rd, North Chicago, IL 60064
Business Money Markets
3.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Great Lakes Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.19%
2525 Green Bay Rd, North Chicago, IL 60064
Business Money Market Account
3.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
2.05% APY after the promotion
Together Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.30%
1153 Blue Spring Plz, Shiloh, IL 62269 7397
Select Money Market (IRA)
3.50%
$0
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
New money only
Together Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.30%
1153 Blue Spring Plz, Shiloh, IL 62269 7397
Money Market Account
3.50%
$0
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
New money only
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
5069 N Broadway St, Chicago, IL 60640
Premier Money Market
3.40%
$0
▼
Rate3.35%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
2500 N Halsted St, Chicago, IL 60614 6999
Business IMMA - Tier 9
3.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
2500 N Halsted St, Chicago, IL 60614 6999
Business IMMA - Tier 8
3.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
5069 N Broadway St, Chicago, IL 60640
Money Market Account
3.35%
$0
▼
Rate3.30%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
2500 N Halsted St, Chicago, IL 60614 6999
Business IMMA - Tier 7
3.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
101 W Main St, Mascoutah, IL 62258
Alumni MMDA (Money Market)
3.34%
$10,000
▼
Rate3.29%
Min Deposit$10,000
Min Balance—
UpdatedJun 16, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
101 W Main St, Mascoutah, IL 62258
Business Alumni Money Market*
3.34%
$10,000
▼
Rate3.29%
Min Deposit$10,000
Min Balance—
UpdatedJun 16, 2026
Details
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
5069 N Broadway St, Chicago, IL 60640
Premier Money Market
3.30%
$0
▼
Rate3.25%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Selfreliance Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.40%
2332 W Chicago Ave, Chicago, IL 60622
Money Market
3.29%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Rates are subject to change at any time.
Selfreliance Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.40%
2332 W Chicago Ave, Chicago, IL 60622
Money Market Accounts
3.29%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
2500 N Halsted St, Chicago, IL 60614 6999
IRA-HSA IMMA - Tier 9
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Old National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 5.09%
4753 N Broadway St, Chicago, IL 60640
Market Monitor Money Market
3.25%
$20,000
▼
Rate—
Min Deposit$20,000
Min Balance—
UpdatedJun 16, 2026
Details
Earn a competitive rate when you open a Market Monitor account with a minimum $20,000 in new money. If you are unable to meet the minimum opening deposit of $20,000 for this competitive new money rate plan, your account will be repriced at our standard Market Monitor rate plan. Rates and tiers for deposit balances are: 3.21% (3.25% APY) if daily collected balance is $20,000 or more; 0.05% (0.05% APY) if daily collected balance is $19,999.99 or less. Offer available at Old National banking centers located in Iowa, Illinois, Indiana, Michigan, Minnesota, North Dakota, Wisconsin, and the Kentucky counties of Daviess, Henderson, Hopkins, Muhlenberg, and Union.
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
2500 N Halsted St, Chicago, IL 60614 6999
IRA-HSA IMMA - Tier 8
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
2500 N Halsted St, Chicago, IL 60614 6999
IRA-HSA IMMA - Tier 7
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
2500 N Halsted St, Chicago, IL 60614 6999
IMMA - Tier 9
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
2500 N Halsted St, Chicago, IL 60614 6999
IMMA - Tier 8
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
2500 N Halsted St, Chicago, IL 60614 6999
IMMA - Tier 7
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Central Federal SLA
Institution Rating:
A+5.0 ★ Texas Ratio: 4.92%
5953 W Cermak Rd, Cicero, IL 60804
Premier High Yield Money Market
3.25%
$100,000
▼
Rate3.20%
Min Deposit$100,000
Min Balance—
UpdatedJun 16, 2026
Details
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
3333 W 26th St, Chicago, IL 60623
High-Yield Money Market
3.20%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedJun 16, 2026
Details
Variable rate based on zip code. Minimum of $25,000 not currently deposited at Huntington. Get your variable rate after opening a Huntington Relationship Money Market Account when you maintain deposits of $25,000.00 - $2,000,000.99.
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
5069 N Broadway St, Chicago, IL 60640
Premier Money Market
3.20%
$0
▼
Rate3.15%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Byline Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 5.13%
6945 N Clark St, Chicago, IL 60626
Advantage Money Market Account
3.15%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedJun 16, 2026
Details
Must be opened with New Money, defined as new-to-Byline. $25 monthly service fee if minimum daily balance is not met.
CenTrust Bank
Institution Rating:
B+4.7 ★ Texas Ratio: 18.83%
385 Waukegan Rd, Northbrook, IL 60062
Platinum Money Market Account
3.15%
$10,000
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedJun 16, 2026
Details
APY of 3.15% is accurate as of 12/12/25 on balances of $10,000 and more. Interest paid monthly. A monthly fee of $25 will be assessed if the minimum daily balance falls below $10,000. Fees may reduce earnings on the account. Interest rates and APY may change at any time without notice at the Bank's discretion. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day. Accounts closed before the interest payment date will not earn accrued interest for that period. See Deposit Account Agreement and Disclosures for additional terms. New deposits only are defined as not currently on deposit with Centrust Bank.
Inland Bank & Trust
Institution Rating:
A+5.0 ★
2805 Butterfield Rd, Oak Brook, IL 60523
Advantage Money Market Account
3.15%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedJun 16, 2026
Details
Must be opened with New Money, defined as new-to-Byline. $25 monthly service fee if minimum daily balance is not met.
Vibrant Credit Union
Institution Rating:
A-5.0 ★ Texas Ratio: 14.65%
4400 16th St, Moline, IL 61265
Insured Money Market
3.12%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Average Daily Balance; up to $15,000,000
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.10%
2712 E Sangamon Ave, Springfield, IL 62702
Platinum Money Market Account
3.09%
$0
▼
Rate3.05%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
HCU
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
101 W Main St, Mascoutah, IL 62258
Alumni MMDA (Money Market)
3.08%
$10,000
▼
Rate3.04%
Min Deposit$10,000
Min Balance—
UpdatedJun 16, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
101 W Main St, Mascoutah, IL 62258
Business Alumni Money Market*
3.08%
$10,000
▼
Rate3.04%
Min Deposit$10,000
Min Balance—
UpdatedJun 16, 2026
Details
Armed Forces Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.63%
26 Farragut Avenue, Great Lakes, IL 60088
Premier Money Market
3.05%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
APY for 6 months
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
5069 N Broadway St, Chicago, IL 60640
Money Market Account
3.05%
$0
▼
Rate3.01%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Republic Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 4.71%
101 Main St, West Chicago, IL 60185
Digital Money Market
3.02%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedJun 16, 2026
Details
Includes our highest money market rate and the ease of online account opening. Avoid $25 monthly maintenance fee. Account must be funded with money not currently on deposit with Republic Bank of Chicago. Fees may reduce account earnings. APY may change and offer may be withdrawn at any time without notice.
Republic Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 4.71%
101 Main St, West Chicago, IL 60185
Consumer Money Market
3.02%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Earn 3.02% APY1 on your savings with our Digital Money Market account.
NuMark Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.46%
1654 Terry Dr, Joliet, IL 60436
Money Market
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
1 2
Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.67%
730 Engineering Ave, Springfield, IL 62703
Money Market Savings
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
100000 +
North Shore Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.63%
1689 N Curran Rd, Mchenry, IL 60050
Premier Money Market
3.00%
$0
▼
Rate2.97%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
First National Bank in Olney
Institution Rating:
A+5.0 ★ Texas Ratio: 4.02%
203 W Main St, Oblong, IL 62449
High Yield Money Market
2.89%
$25,000
▼
Rate2.85%
Min Deposit$25,000
Min Balance—
UpdatedJun 16, 2026
Details
Balance: $250,000.00 and up
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.10%
2712 E Sangamon Ave, Springfield, IL 62702
Platinum Money Market Account
2.84%
$0
▼
Rate2.80%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
HCU
Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.67%
730 Engineering Ave, Springfield, IL 62703
Money Market Savings
2.75%
$0
▼
Rate2.71%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
25000 - 99999.99
Cornerstone Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.16%
550 W Meadows Dr, Freeport, IL 61032 7610
Insured High Yield Money Market
2.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
North Shore Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.63%
1689 N Curran Rd, Mchenry, IL 60050
Premier Money Market
2.75%
$0
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.53%
3130 E Mound Rd, Decatur, IL 62526
MAXimum Money Market - Tier 4
2.71%
$0
▼
Rate2.68%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
101 W Main St, Mascoutah, IL 62258
Alumni MMDA (Money Market)
2.67%
$10,000
▼
Rate2.64%
Min Deposit$10,000
Min Balance—
UpdatedJun 16, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
101 W Main St, Mascoutah, IL 62258
Business Alumni PLUS Money Market*
2.67%
$10,000
▼
Rate2.64%
Min Deposit$10,000
Min Balance—
UpdatedJun 16, 2026
Details
at least once during each year
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
101 W Main St, Mascoutah, IL 62258
Business Alumni Money Market*
2.67%
$10,000
▼
Rate2.64%
Min Deposit$10,000
Min Balance—
UpdatedJun 16, 2026
Details
F&M Bank of Hutsonville
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
108 S Main St, Hutsonville, IL 62433
Platinum Money Market
2.66%
$1,500
▼
Rate2.62%
Min Deposit$1,500
Min Balance—
UpdatedJun 16, 2026
Details
Platinum Money Market $500,000.00 & Above
Cooperative Choice Network Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.71%
3919 N University St, Peoria, IL 61614 6938
Money Market
2.63%
$0
▼
Rate2.60%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
5069 N Broadway St, Chicago, IL 60640
Money Market Account
2.55%
$0
▼
Rate2.52%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.10%
2712 E Sangamon Ave, Springfield, IL 62702
Platinum Money Market Account
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
HCU
Acme Continental Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.96%
13601 S Perry Ave, Riverdale, IL 60827 1655
Money Market Accounts
2.53%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
101 W Main St, Mascoutah, IL 62258
Business Alumni Money Market*
2.52%
$10,000
▼
Rate2.49%
Min Deposit$10,000
Min Balance—
UpdatedJun 16, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
101 W Main St, Mascoutah, IL 62258
Alumni MMDA (Money Market)
2.52%
$10,000
▼
Rate2.49%
Min Deposit$10,000
Min Balance—
UpdatedJun 16, 2026
Details
Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.67%
730 Engineering Ave, Springfield, IL 62703
Money Market Checking
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
100000 +
NuMark Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.46%
1654 Terry Dr, Joliet, IL 60436
Money Market
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
1 2
Cornerstone Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.16%
550 W Meadows Dr, Freeport, IL 61032 7610
Insured High Yield Money Market
2.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Cooperative Choice Network Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.71%
3919 N University St, Peoria, IL 61614 6938
Money Market
2.43%
$0
▼
Rate2.40%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
101 W Main St, Mascoutah, IL 62258
Alumni MMDA (Money Market)
2.42%
$10,000
▼
Rate2.39%
Min Deposit$10,000
Min Balance—
UpdatedJun 16, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
101 W Main St, Mascoutah, IL 62258
Business Alumni Money Market*
2.42%
$10,000
▼
Rate2.39%
Min Deposit$10,000
Min Balance—
UpdatedJun 16, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.72%
2500 N Halsted St, Chicago, IL 60614 6999
Business IMMA - Tier 6
2.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Citizens Equity First Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.36%
2323 E Empire St, Bloomington, IL 61704 8253
Insured Money Market Account (IMMA) TIER-4
2.35%
$0
▼
Rate2.32%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
Cooperative Choice Network Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.71%
3919 N University St, Peoria, IL 61614 6938
Money Market
2.32%
$0
▼
Rate2.30%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Spring Valley City Bank
Institution Rating:
A-4.9 ★ Texas Ratio: 16.12%
315 N Cornelia St, Spring Valley, IL 61362
Platinum Money Market Accounts
2.27%
$0
▼
Rate2.25%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Compounding: Monthly
Selfreliance Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.40%
2332 W Chicago Ave, Chicago, IL 60622
Money Market Accounts
2.27%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.10%
2712 E Sangamon Ave, Springfield, IL 62702
Platinum Money Market Account
2.27%
$0
▼
Rate2.25%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
HCU
Illinois Educators Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.11%
3101 Montvale Dr, Springfield, IL 62704 4260
Money Market
2.27%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Eureka Savings Bank
Institution Rating:
A5.0 ★ Texas Ratio: 7.10%
105 W 1st South St, Wenona, IL 61377
Essential Money Market
2.27%
$0
▼
Rate2.25%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Policemens Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.46%
4100 W 76TH ST, CHICAGO, IL 60652 5600
Money Market
2.25%
$50,000
▼
Rate2.23%
Min Deposit$50,000
Min Balance—
UpdatedJun 16, 2026
Details
Citizens Equity First Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.36%
2323 E Empire St, Bloomington, IL 61704 8253
Insured Money Market Account (IMMA) TIER-3
2.25%
$0
▼
Rate2.23%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.67%
730 Engineering Ave, Springfield, IL 62703
Money Market Checking
2.25%
$0
▼
Rate2.22%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
25000 - 99999.99
Gateway Metro Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.61%
848 N Green Mount Rd, Shiloh, IL 62221 3354
Money Market
2.25%
$150,000
▼
Rate—
Min Deposit$150,000
Min Balance—
UpdatedJun 16, 2026
Details
Gas and Electric Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.19%
2300 4TH AVE, ROCK ISLAND, IL 61201
Money Market Account
2.25%
$0
▼
Rate2.23%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
$250,000 and above
First Community Bank of Moultrie County
Institution Rating:
A5.0 ★ Texas Ratio: 6.94%
1 S Main St, Sullivan, IL 61951
Select Money Market
2.22%
$1
▼
Rate—
Min Deposit$1
Min Balance—
UpdatedJun 16, 2026
Details
Tiered rates: 0.20% on $1.00-$24,999.99, 0.70% on $25,000.00-$99,999.99, 1.21% on $100,000.00-$249,999.99, 1.71% on $250,000.00-$499,999.99, 2.22% on $500,000.00 and up
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.10%
2712 E Sangamon Ave, Springfield, IL 62702
Money Market Account
2.22%
$0
▼
Rate2.20%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
$25,000 and above
IAA Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.83%
808 Iaa Dr, Bloomington, IL 61701 2214
Platinum Money Market Account
2.22%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
Rate with Platinum Checking and at least $50,000
Citizens Equity First Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.36%
2323 E Empire St, Bloomington, IL 61704 8253
Insured Money Market Account (IMMA) TIER-2
2.15%
$0
▼
Rate2.13%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
Illinois State Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.04%
1309 S Center St, Normal, IL 61761 3458
Money Market
2.11%
$75,000
▼
Rate2.09%
Min Deposit$75,000
Min Balance—
UpdatedJun 16, 2026
Details
Citizens Equity First Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.36%
2323 E Empire St, Bloomington, IL 61704 8253
Insured Money Market Account (IMMA) TIER-1
2.05%
$0
▼
Rate2.03%
Min Deposit$0
Min Balance—
UpdatedJun 11, 2026
Details
First Savings Bank of Hegewisch
Institution Rating:
A+5.0 ★ Texas Ratio: 0.21%
18207 Burnham Ave, Lansing, IL 60438
Diamond Money Market* 4th Tier
2.05%
$50,000
▼
Rate2.03%
Min Deposit$50,000
Min Balance—
UpdatedJun 16, 2026
Details
Rates can change daily, Daily compounding
First Savings Bank of Hegewisch
Institution Rating:
A+5.0 ★ Texas Ratio: 0.21%
18207 Burnham Ave, Lansing, IL 60438
Diamond Money Market*
2.05%
$50,000
▼
Rate2.03%
Min Deposit$50,000
Min Balance—
UpdatedJun 16, 2026
Details
Rates can change daily, Daily compounding
R.I.A. Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.26%
103 3rd St, Savanna, IL 61074
Business Money Market
2.02%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
1st MidAmerica Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
731 E Bethalto Dr, Bethalto, IL 62010
Money Market Deposit Accounts
2.02%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Eureka Savings Bank
Institution Rating:
A5.0 ★ Texas Ratio: 7.10%
105 W 1st South St, Wenona, IL 61377
Essential Money Market
2.02%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
First Community Bank, Xenia-Flora
Institution Rating:
A+5.0 ★ Texas Ratio: 4.12%
260 Front St, Xenia, IL 62899
Premier Money Market Account
2.02%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Warren-Boynton State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.80%
702 W Illinois St, New Berlin, IL 62670
Money Market Account
2.02%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
First Community Bank, Xenia-Flora
Institution Rating:
A+5.0 ★ Texas Ratio: 4.12%
260 Front St, Xenia, IL 62899
Money Market Account
2.02%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
FSB of Forrest
Institution Rating:
A5.0 ★ Texas Ratio: 7.75%
133 E Krack St, Forrest, IL 61741
Money Market Account
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
Gas and Electric Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.19%
2300 4TH AVE, ROCK ISLAND, IL 61201
Money Market Account
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedJun 16, 2026
Details
$100,000 - $249,999
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MonitorBankRates
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. Rates reflect recent market quotes and representative offers available to depositors in Illinois and the surrounding area.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Illinois Money Market Rate Trends
Compare local Illinois money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield MMA — IL Avg
3.196%
▲ 0.038 vs 7 days ago
Illinois high-yield MMA rates rose 0.038 points over the past 7 days to 3.196% APY.
Standard MMA — IL Avg
0.641%
▲ 0.042 vs 7 days ago
Illinois standard MMA rates rose 0.042 points over the past 7 days to 0.641% APY.
As of Jun 20, 2026 • Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Illinois money market rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Illinois directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Illinois. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in IL.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in Illinois
What is a Money Market Account (MMA)?
A Money Market Account (MMA), formally known as a money market deposit account (MMDA), is a type of deposit account that often pays higher interest rates than standard savings accounts. They usually come with check-writing privileges and debit card access, offering a balance of growth and liquidity for savers in Illinois.
Are Money Market accounts in Illinois safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Illinois up to $250,000 per depositor, per institution.
How often do MMA rates change in Illinois?
Money market rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Illinois rate tables daily to ensure you see the most current high-yield options.
Can I write checks from a Money Market Account?
Yes, most Money Market Accounts allow you to write a limited number of checks or make debit card transactions each month (typically up to 6), making them more flexible than a standard savings account.
How much do I need to deposit to open a money market account in Illinois?
Minimum deposit requirements vary widely. Some online money market deposit accounts can be opened with no minimum, while many banks and credit unions in Illinois require an initial deposit of $1,000 to $2,500 to earn the highest advertised APY. Larger deposits often unlock higher rate tiers, and FDIC or NCUA insurance protects deposits up to $250,000 per depositor, per institution.
Best Money Market Rates in Illinois
Here are some of the highest money market account APYs currently available in Illinois:
- FSB of Forrest
Money Market Account — 4.00% APY - United Trust Bank
Money Market — 4.00% APY - Waterman Bank
Business Money Market — 3.82% APY - State Bank of Texas
High-Rate Jumbo Money Market — 3.76% APY - Republic Bank of Chicago
Business Money Market — 3.75% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Illinois. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: June 16, 2026
Cities in Illinois
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