Best Money Market Rates in Effingham, Illinois (IL) - May 2026
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Brian McKay
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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 Effingham, Illinois and the surrounding area money market deposit account rates include Land Of Lincoln Credit UnionLand Of Lincoln Credit Union2302 S Banker St, Effingham, IL 62401A5.0 ★Texas Ratio: 6.84% MAXimum Money Market - Tier 4 at 2.71% APY, FNB of WaterlooFNB of Waterloo210 E Fayette Ave, Effingham, IL 62401A+5.0 ★Texas Ratio: 2.35% FNB Premier MMA at 0.40% APY, Crossroads Bank Effingham, ILCrossroads Bank Effingham, IL2000 S Banker St, Effingham, IL 62401A+5.0 ★Texas Ratio: 0.00% Money Market (Monthly) at 0.30% APY, TSB Teutopolis State BankTSB Teutopolis State Bank900 W Jefferson Ave, Effingham, IL 62401A+5.0 ★Texas Ratio: 0.01% Money Market Advantage at 0.10% APY, and United Trust BankUnited Trust BankA+5.0 ★Texas Ratio: 2.60% Money Market at 4.00% APY. Money market rates as of May 12, 2026 according to verified data from MonitorBankRates.
Effingham has 4 local institutions in our database, with money market rates as high as 2.71% APY from Land Of Lincoln Credit Union at 2302 S Banker St, Effingham, IL 62401. Use the table below to compare all available offers, including options from institutions serving the broader Illinois area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Effingham, Illinois and surrounding area. Last Updated and Verified: May 12, 2026
Compare the Best Money Market Rates Today in Effingham, Illinois & the Surrounding Area
Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
2302 S Banker St, Effingham, IL 62401
MAXimum Money Market - Tier 4
2.71%
$0
▼
Rate2.68%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
2302 S Banker St, Effingham, IL 62401
MAXimum Money Market - Tier 3
1.99%
$0
▼
Rate1.94%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
2302 S Banker St, Effingham, IL 62401
MAXimum Money Market - Tier 2
1.91%
$0
▼
Rate1.89%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
2302 S Banker St, Effingham, IL 62401
MAXimum Money Market - Tier 1
1.86%
$0
▼
Rate1.84%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
2302 S Banker St, Effingham, IL 62401
Money Market - Tier 3
1.80%
$0
▼
Rate1.75%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
2302 S Banker St, Effingham, IL 62401
Money Market - Tier 2
1.46%
$0
▼
Rate1.45%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
2302 S Banker St, Effingham, IL 62401
Money Market - Tier 1
1.36%
$0
▼
Rate1.35%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
FNB of Waterloo
Institution Rating:
A+5.0 ★ Texas Ratio: 2.35%
210 E Fayette Ave, Effingham, IL 62401
FNB Premier MMA
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
FNB of Waterloo
Institution Rating:
A+5.0 ★ Texas Ratio: 2.35%
210 E Fayette Ave, Effingham, IL 62401
FNB Premier MMA
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
FNB of Waterloo
Institution Rating:
A+5.0 ★ Texas Ratio: 2.35%
210 E Fayette Ave, Effingham, IL 62401
FNB Premier MMA - Business
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Crossroads Bank Effingham, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
2000 S Banker St, Effingham, IL 62401
Money Market (Monthly)
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
FNB of Waterloo
Institution Rating:
A+5.0 ★ Texas Ratio: 2.35%
210 E Fayette Ave, Effingham, IL 62401
FNB Premier MMA
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Crossroads Bank Effingham, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
2000 S Banker St, Effingham, IL 62401
Money Market (Monthly)
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
FNB of Waterloo
Institution Rating:
A+5.0 ★ Texas Ratio: 2.35%
210 E Fayette Ave, Effingham, IL 62401
FNB Premier MMA - Business
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
FNB of Waterloo
Institution Rating:
A+5.0 ★ Texas Ratio: 2.35%
210 E Fayette Ave, Effingham, IL 62401
FNB Premier MMA -Public Funds
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
FNB of Waterloo
Institution Rating:
A+5.0 ★ Texas Ratio: 2.35%
210 E Fayette Ave, Effingham, IL 62401
FNB Premier MMA - Business
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Crossroads Bank Effingham, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
2000 S Banker St, Effingham, IL 62401
Money Market (Monthly)
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
FNB of Waterloo
Institution Rating:
A+5.0 ★ Texas Ratio: 2.35%
210 E Fayette Ave, Effingham, IL 62401
FNB Premier MMA -Public Funds
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
FNB of Waterloo
Institution Rating:
A+5.0 ★ Texas Ratio: 2.35%
210 E Fayette Ave, Effingham, IL 62401
FNB Premier MMA - Business
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Crossroads Bank Effingham, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
2000 S Banker St, Effingham, IL 62401
Money Market (Monthly)
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
FNB of Waterloo
Institution Rating:
A+5.0 ★ Texas Ratio: 2.35%
210 E Fayette Ave, Effingham, IL 62401
FNB Premier MMA -Public Funds
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
FNB of Waterloo
Institution Rating:
A+5.0 ★ Texas Ratio: 2.35%
210 E Fayette Ave, Effingham, IL 62401
FNB Premier MMA -Public Funds
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
FNB of Waterloo
Institution Rating:
A+5.0 ★ Texas Ratio: 2.35%
210 E Fayette Ave, Effingham, IL 62401
FNB Premier MMA - Business
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Crossroads Bank Effingham, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
2000 S Banker St, Effingham, IL 62401
Money Market (Monthly)
0.10%
$1,000
▼
Rate0.10%
Min Deposit$1,000
Min Balance—
UpdatedMay 5, 2026
Details
$3 fee if balance falls below $1,000
TSB Teutopolis State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.01%
900 W Jefferson Ave, Effingham, IL 62401
Money Market Advantage
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
United Trust Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.60%
Premium Money Market Special
4.00%
$100,000
▼
Rate3.92%
Min Deposit$100,000
Min Balance—
UpdatedMay 5, 2026
Details
Rate3.92%
Min Deposit$100,000
Min Balance—
UpdatedMay 5, 2026
Details
New Money Only
Rate3.83%
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
New Money Only
United Trust Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.60%
Premium Money Market Special
3.90%
$10,000
▼
Rate3.83%
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
Huntington Relationship Money Market
3.82%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
High-Yield Money Market
3.82%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
Minimum of **$25,000** not currently deposited at Huntington.
Waterman Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 3.95%
Business Money Market
3.82%
$2,500
▼
Rate3.75%
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
Qualifying balance up to $2,499.99
Rate3.75%
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
Qualifying balance up to $2,499.99
State Bank of Texas
Institution Rating:
A+5.0 ★ Texas Ratio: 2.36%
High-Rate Jumbo Money Market
3.76%
$100,000
▼
Rate—
Min Deposit$100,000
Min Balance—
UpdatedMay 4, 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%
Business Money Market
3.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Gold Coast Bank
Institution Rating:
A5.0 ★ Texas Ratio: 6.28%
GCB Money Market Account
3.67%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details
First Merchants Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.78%
Money Market Special
3.55%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Promo Rate
Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
Money Market Special Intro rate
3.50%
$0
▼
Rate3.45%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
$15,000+
Together Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.65%
Money Market (IRA)
3.50%
$0
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
New money only
Great Lakes Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.78%
Business Money Markets
3.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Great Lakes Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.78%
Business Money Market Account
3.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
New money only
Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
Money Market Special
3.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
Premier Money Market
3.40%
$0
▼
Rate3.35%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
Business IMMA - Tier 8
3.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
Business IMMA - Tier 9
3.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
Business IMMA - Tier 7
3.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
Money Market Account
3.35%
$0
▼
Rate3.30%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
Alumni MMDA (Money Market)
3.34%
$10,000
▼
Rate3.29%
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
Business Alumni Money Market*
3.34%
$10,000
▼
Rate3.29%
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
Premier Money Market
3.30%
$0
▼
Rate3.25%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Selfreliance Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.56%
Money Market Accounts
3.29%
$0
▼
Rate3.25%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Selfreliance Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.56%
Money Market
3.29%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
up to
Central Federal SLA
Institution Rating:
A+5.0 ★ Texas Ratio: 4.92%
Premier High Yield Money Market
3.25%
$100,000
▼
Rate3.20%
Min Deposit$100,000
Min Balance—
UpdatedMay 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
IMMA - Tier 8
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
IMMA - Tier 9
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
IRA-HSA IMMA - Tier 7
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
IRA-HSA IMMA - Tier 9
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
IMMA - Tier 7
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
IRA-HSA IMMA - Tier 8
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Republic Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 4.71%
Digital Money Market
3.22%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 4, 2026
Details
Republic Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 4.71%
Consumer Money Market
3.22%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
Huntington Relationship Money Market
3.20%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
Premier Money Market
3.20%
$0
▼
Rate3.15%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
High-Yield Money Market
3.20%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
Minimum of **$25,000** not currently deposited at Huntington.
Byline Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 5.13%
Advantage Money Market Account
3.15%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
$25,000 minimum to open account. $25,000 minimum to earn 3.15% APY.
CenTrust Bank
Institution Rating:
B+4.7 ★ Texas Ratio: 18.83%
Platinum Money Market Account
3.15%
$10,000
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
Qualifying balance up to $10,000.00
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 3, 2026
Details
$25,000 minimum to open account. $25,000 minimum to earn 3.15% APY.
Vibrant Credit Union
Institution Rating:
A-5.0 ★ Texas Ratio: 15.61%
Insured Money Market
3.14%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $15,000,000
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
money market
3.09%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
Platinum Money Market Account
3.09%
$0
▼
Rate3.05%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
Alumni MMDA (Money Market)
3.08%
$10,000
▼
Rate3.04%
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
Business Alumni Money Market*
3.08%
$10,000
▼
Rate3.04%
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
Money Market Account
3.05%
$0
▼
Rate3.01%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Armed Forces Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.63%
Premier Money Market
3.05%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
North Shore Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.63%
Premier Money Market
3.00%
$0
▼
Rate2.97%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
NuMark Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.18%
Money Market
3.00%
$250,000
▼
Rate2.96%
Min Deposit$250,000
Min Balance—
UpdatedMay 10, 2026
Details
Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
Money Market Savings
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
First National Bank in Olney
Institution Rating:
A+5.0 ★ Texas Ratio: 4.02%
High Yield Money Market
2.89%
$25,000
▼
Rate2.85%
Min Deposit$25,000
Min Balance—
UpdatedMay 5, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
Platinum Money Market Account
2.84%
$0
▼
Rate2.80%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
Money Market Savings
2.75%
$0
▼
Rate2.71%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Cornerstone Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.64%
Insured High Yield Money Market
2.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Revity Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.46%
Money Market Account
2.75%
$0
▼
Rate2.75%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cooperative Choice Network Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.78%
Money Market
2.63%
$0
▼
Rate2.60%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Acme Continental Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.04%
Money Market Accounts
2.53%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
Platinum Money Market Account
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Rock Valley Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.65%
Money Market Tier 4
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.64%
Insured High Yield Money Market
2.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
NuMark Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.18%
Money Market
2.50%
$100,000
▼
Rate2.47%
Min Deposit$100,000
Min Balance—
UpdatedMay 10, 2026
Details
Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
Money Market Checking
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Cooperative Choice Network Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.78%
Money Market
2.43%
$0
▼
Rate2.40%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
Business IMMA - Tier 6
2.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Citizens Equity First Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.76%
Insured Money Market Account (IMMA) TIER-4
2.35%
$0
▼
Rate2.32%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cooperative Choice Network Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.78%
Money Market
2.32%
$0
▼
Rate2.30%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Selfreliance Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.56%
Money Market Accounts
2.27%
$0
▼
Rate2.25%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
money market
2.27%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
Platinum Money Market Account
2.27%
$0
▼
Rate2.25%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Illinois Educators Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.66%
Money Market
2.27%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Citizens Equity First Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.76%
Insured Money Market Account (IMMA) TIER-3
2.25%
$0
▼
Rate2.23%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
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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 Effingham, 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.
Effingham, IL Money Market Rate Trends
Compare local Effingham, IL 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
3.070%
▼ 0.361 vs 7 days ago
Illinois high-yield MMA rates fell 0.361 points over the past 7 days to 3.070% APY.
Standard MMA — IL Avg
0.712%
▲ 0.093 vs 7 days ago
Illinois standard MMA rates rose 0.093 points over the past 7 days to 0.712% APY.
As of May 13, 2026 • Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Effingham, 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 Effingham, 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 Effingham, 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 Effingham, 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 Effingham, 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 Effingham, 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 Effingham, 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 Effingham, Illinois
Here are some of the highest money market account APYs currently available in Effingham, Illinois and the surrounding area:
- Land Of Lincoln Credit Union
MAXimum Money Market - Tier 4 — 2.71% APY - FNB of Waterloo
FNB Premier MMA — 0.40% APY - Crossroads Bank Effingham, IL
Money Market (Monthly) — 0.30% APY - TSB Teutopolis State Bank
Money Market Advantage — 0.10% APY - United Trust Bank
Money Market — 4.00% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Effingham, Illinois. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: May 12, 2026
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