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Illinois MMA Rate Trends

Best Money Market Rates in Elgin, Illinois (IL) - March 2026

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| ✓Fact Checked | Last Updated: March 20, 2026

Current Elgin, Illinois and the surrounding area money market rates include De Witt Savings BankDe Witt Savings Bank302 W Main St, Clinton, IL 61727A+5.0 ★Texas Ratio: 3.19% N-Vest Money Market Tier 7 at 4.07% APY, FCB BanksFCB Banks201 N Commercial St, Albers, IL 62215A+5.0 ★Texas Ratio: 3.72% Hometown Money Market (with Direct Deposit) at 4.05% APY, United Trust BankUnited Trust Bank12330 S Harlem Ave, Palos Heights, IL 60463A+5.0 ★Texas Ratio: 2.60% Premium Money Market Special at 4.00% APY, United Equity Credit UnionUnited Equity Credit Union687 Lincoln St, Galesburg, IL 61401A+5.0 ★Texas Ratio: 3.09% Money Market Account 12 Months at 3.90% APY, and Waterman BankWaterman Bank248 W Lincoln Hwy, Waterman, IL 60556A+5.0 ★Texas Ratio: 3.95% Money Market at 3.82% APY.

To see how these money market rates in Elgin, Illinois and the surrounding area compare, use our comprehensive tables below for side-by-side comparisons so you can find the best yields available. Rates in Elgin, Illinois (IL) are continually updated we recommend checking back frequently.

Rates reflect recent market quotes and representative offers available to depositors in Elgin, Illinois and surrounding area. Last Updated and Verified: March 20, 2026

Elgin, IL Money Market Rate Trends

Compare local Elgin, IL MMA rate quotes against the statewide average

Weekly money market rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.

View Full Illinois MMA Trends →
High-Yield MMA — IL Avg
1.415%
▲ 0.731 from last week

Illinois high-yield MMA rates rose 0.731 points this week to 1.415% APY, up from 0.683% last week.

Standard MMA — IL Avg
1.130%
▲ 0.361 from last week

Illinois standard MMA rates rose 0.361 points this week to 1.130% APY, up from 0.768% last week.

As of Mar 20, 2026 • Rate data sourced from 8,500+ monitored institutions Powered by MonitorBankRates

Compare the Best Money Market Rates Today in Elgin, Illinois & the Surrounding Area

Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
1660 Larkin Ave, Elgin, IL 60123
Relationship Money Market Account
3.66%
$0
View
▼
Rate3.60%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

With Private Client Account****

The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
1660 Larkin Ave, Elgin, IL 60123
Relationship Money Market Account
3.56%
$0
View
▼
Rate3.50%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

With Huntington Platinum Perks Checking***

The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
1660 Larkin Ave, Elgin, IL 60123
Relationship Money Market Account
3.51%
$0
View
▼
Rate3.45%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

With Huntington Perks Checking**

The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
1660 Larkin Ave, Elgin, IL 60123
Relationship Money Market Account
3.45%
$0
View
▼
Rate3.40%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Non-Relationship Rate

The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
1660 Larkin Ave, Elgin, IL 60123
High-Yield Money Market
3.20%
$25,000
View
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMar 20, 2026
Details

Minimum of $25,000 not currently deposited at Huntington.

Consumers Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.16%
111 S HAWTHORNE ST, ELGIN, IL 60123
Money Market IRA
0.50%
$0
View
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Consumers Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.16%
111 S HAWTHORNE ST, ELGIN, IL 60123
Money Market Account
0.40%
$250,000
View
▼
Rate0.40%
Min Deposit$250,000
Min Balance—
UpdatedMar 18, 2026
Details

Consumers Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.16%
111 S HAWTHORNE ST, ELGIN, IL 60123
Municipality Money Market
0.40%
$0
View
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Consumers Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.16%
111 S HAWTHORNE ST, ELGIN, IL 60123
Municipality Money Market
0.35%
$0
View
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Consumers Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.16%
111 S HAWTHORNE ST, ELGIN, IL 60123
Money Market
0.35%
$0
View
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Consumers Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.16%
111 S HAWTHORNE ST, ELGIN, IL 60123
Money Market Account
0.35%
$100,000
View
▼
Rate0.35%
Min Deposit$100,000
Min Balance—
UpdatedMar 18, 2026
Details

Consumers Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.16%
111 S HAWTHORNE ST, ELGIN, IL 60123
Money Market
0.30%
$0
View
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Consumers Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.16%
111 S HAWTHORNE ST, ELGIN, IL 60123
Money Market Account
0.30%
$50,000
View
▼
Rate0.30%
Min Deposit$50,000
Min Balance—
UpdatedMar 18, 2026
Details

Consumers Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.16%
111 S HAWTHORNE ST, ELGIN, IL 60123
Municipality Money Market
0.30%
$0
View
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Consumers Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.16%
111 S HAWTHORNE ST, ELGIN, IL 60123
Money Market
0.25%
$0
View
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Consumers Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.16%
111 S HAWTHORNE ST, ELGIN, IL 60123
Money Market Account
0.25%
$25,000
View
▼
Rate0.25%
Min Deposit$25,000
Min Balance—
UpdatedMar 18, 2026
Details

Consumers Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.16%
111 S HAWTHORNE ST, ELGIN, IL 60123
Municipality Money Market
0.25%
$0
View
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Consumers Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.16%
111 S HAWTHORNE ST, ELGIN, IL 60123
Money Market
0.20%
$0
View
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

De Witt Savings Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 3.19%
302 W Main St, Clinton, IL 61727
N-Vest Money Market Tier 7
4.07%
$25,000
View
▼
Rate4.00%
Min Deposit$25,000
Min Balance—
UpdatedMar 13, 2026
Details

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Hometown Money Market (with Direct Deposit)
4.05%
$0
View
▼
Rate3.98%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

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
View
▼
Rate3.92%
Min Deposit$100,000
Min Balance—
UpdatedMar 15, 2026
Details

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Jumbo Commercial Money Market (with Primary Business Checking at FCB)
3.95%
$0
View
▼
Rate3.88%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Hometown Money Market (without Direct Deposit)
3.95%
$0
View
▼
Rate3.88%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

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
View
▼
Rate3.83%
Min Deposit$10,000
Min Balance—
UpdatedMar 15, 2026
Details

United Equity Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.09%
687 Lincoln St, Galesburg, IL 61401
Money Market Account 12 Months
3.90%
$0
View
▼
Rate3.83%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details

Waterman Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 3.95%
248 W Lincoln Hwy, Waterman, IL 60556
Money Market
3.82%
$2,500
View
▼
Rate3.75%
Min Deposit$2,500
Min Balance—
UpdatedMar 17, 2026
Details

Qualifying balance up to $2,499.99

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
View
▼
Rate3.75%
Min Deposit$2,500
Min Balance—
UpdatedMar 17, 2026
Details

Qualifying balance up to $2,499.99

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Hometown Money Market (with Direct Deposit)
3.75%
$0
View
▼
Rate3.69%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Together Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.65%
1153 Blue Spring Plz, Shiloh, IL 62269 7397
Money Market (IRA)
3.75%
$0
View
▼
Rate3.68%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details

New money only

Together Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.65%
1153 Blue Spring Plz, Shiloh, IL 62269 7397
Money Market
3.75%
$0
View
▼
Rate3.68%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details

New money only

Republic Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 4.71%
101 Main St, West Chicago, IL 60185
Business Digital Money Market
3.75%
$2,500
View
▼
Rate3.69%
Min Deposit$2,500
Min Balance—
UpdatedMar 17, 2026
Details

Minimum deposit to open: $2,500; If balance falls below $2,500, a $25 maintenance fee will be assessed. Maximum account balance is $250,000. If balance exceeds $250,000, Annual Percentage Yield (APY) on entire balance will decrease to 3.50%. Account must be funded with money not currently on deposit with Republic Bank of Chicago within the last 180 days (i.e., new money which has not been held in a Republic Bank deposit account of any kind in the last 6 months).; Other terms and conditions may apply1.

UMB Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.71%
201 E Main St, Collinsville, IL 62234
UMB Retail Money Market
3.71%
$0
View
▼
Rate3.65%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Jumbo Commercial Money Market (with Primary Business Checking at FCB)
3.70%
$0
View
▼
Rate3.64%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Jumbo Commercial Money Market (without Primary Business Checking at FCB)
3.70%
$0
View
▼
Rate3.64%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Gold Coast Bank
Institution Rating:
A5.0 ★ Texas Ratio: 6.28%
1165 N Clark St, Chicago, IL 60610
GCB Money Market Account
3.67%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Hometown Money Market (without Direct Deposit)
3.65%
$0
View
▼
Rate3.59%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Jumbo Commercial Money Market (with Primary Business Checking at FCB)
3.60%
$0
View
▼
Rate3.55%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

De Witt Savings Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 3.19%
302 W Main St, Clinton, IL 61727
N-Vest Money Market Tier 6
3.56%
$25,000
View
▼
Rate3.50%
Min Deposit$25,000
Min Balance—
UpdatedMar 13, 2026
Details

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Jumbo Commercial Money Market (with Primary Business Checking at FCB)
3.55%
$0
View
▼
Rate3.50%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Great Lakes Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.78%
2525 Green Bay Rd, North Chicago, IL 60064
Business Money Market Account
3.50%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Republic Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 4.71%
101 Main St, West Chicago, IL 60185
Business Digital Money Market
3.50%
$2,500
View
▼
Rate3.45%
Min Deposit$2,500
Min Balance—
UpdatedMar 17, 2026
Details

Minimum deposit to open: $2,500; If balance falls below $2,500, a $25 maintenance fee will be assessed. Maximum account balance is $250,000. If balance exceeds $250,000, Annual Percentage Yield (APY) on entire balance will decrease to 3.50%. Account must be funded with money not currently on deposit with Republic Bank of Chicago within the last 180 days (i.e., new money which has not been held in a Republic Bank deposit account of any kind in the last 6 months).; Other terms and conditions may apply1.

Peoples Bank (IN)
Institution Rating:
A5.0 ★ Texas Ratio: 9.70%
4824 W 147th Street, Midlothian, IL 60445
Money Market Special
3.50%
$0
View
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

United Equity Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.09%
687 Lincoln St, Galesburg, IL 61401
12 Months Money Market Account
3.50%
$0
View
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details

United Equity Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.09%
687 Lincoln St, Galesburg, IL 61401
6 Months Money Market Account
3.50%
$0
View
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details

Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
415 S Main St, Crystal Lake, IL 60014
Money Market Special Intro rate
3.50%
$0
View
▼
Rate3.45%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

$15,000+

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Jumbo Commercial Money Market (without Primary Business Checking at FCB)
3.45%
$0
View
▼
Rate3.40%
Min Deposit$0
Min Balance—
UpdatedMar 18, 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
3.40%
$0
View
▼
Rate3.35%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
2500 N Halsted St, Chicago, IL 60614 6999
Business IMMA - Tier 8
3.35%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Jumbo Commercial Money Market (without Primary Business Checking at FCB)
3.35%
$0
View
▼
Rate3.30%
Min Deposit$0
Min Balance—
UpdatedMar 18, 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
View
▼
Rate3.30%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
2500 N Halsted St, Chicago, IL 60614 6999
Business IMMA - Tier 9
3.35%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
2500 N Halsted St, Chicago, IL 60614 6999
Business IMMA - Tier 7
3.35%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 20, 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
View
▼
Rate3.29%
Min Deposit$10,000
Min Balance—
UpdatedMar 18, 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
View
▼
Rate3.29%
Min Deposit$10,000
Min Balance—
UpdatedMar 18, 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
View
▼
Rate3.25%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Jumbo Commercial Money Market (without Primary Business Checking at FCB)
3.30%
$0
View
▼
Rate3.26%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Hometown Money Market (with Direct Deposit)
3.30%
$0
View
▼
Rate3.25%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Selfreliance Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.56%
2332 W Chicago Ave, Chicago, IL 60622
Money Market Accounts
3.29%
$0
View
▼
Rate3.25%
Min Deposit$0
Min Balance—
UpdatedMar 11, 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
View
▼
Rate3.20%
Min Deposit$100,000
Min Balance—
UpdatedMar 16, 2026
Details

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
2500 N Halsted St, Chicago, IL 60614 6999
IMMA - Tier 7
3.25%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
2500 N Halsted St, Chicago, IL 60614 6999
IRA-HSA IMMA - Tier 8
3.25%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
2500 N Halsted St, Chicago, IL 60614 6999
IRA-HSA IMMA
3.25%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
2500 N Halsted St, Chicago, IL 60614 6999
IMMA - Tier 9
3.25%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
2500 N Halsted St, Chicago, IL 60614 6999
IMMA - Tier 8
3.25%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
2500 N Halsted St, Chicago, IL 60614 6999
IRA-HSA IMMA - Tier 9
3.25%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
2500 N Halsted St, Chicago, IL 60614 6999
IMMA
3.25%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

United Equity Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.09%
687 Lincoln St, Galesburg, IL 61401
24 Months Money Market Account
3.25%
$0
View
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details

United Equity Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.09%
687 Lincoln St, Galesburg, IL 61401
18 Months Money Market Account
3.25%
$0
View
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
2500 N Halsted St, Chicago, IL 60614 6999
IRA-HSA IMMA - Tier 7
3.25%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Peoples Bank (IN)
Institution Rating:
A5.0 ★ Texas Ratio: 9.70%
4824 W 147th Street, Midlothian, IL 60445
Money Market Special
3.25%
$0
View
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Verve a Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.81%
525 W Roosevelt Rd, Chicago, IL 60607 4908
Optimum Money Market
3.24%
$0
View
▼
Rate3.19%
Min Deposit$0
Min Balance—
UpdatedMar 17, 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
3.22%
$2,500
View
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMar 17, 2026
Details

Byline Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 5.13%
6945 N Clark St, Chicago, IL 60626
Advantage Money Market Account
3.20%
$25,000
View
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMar 18, 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
3.20%
$0
View
▼
Rate3.15%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Hometown Money Market (without Direct Deposit)
3.20%
$0
View
▼
Rate3.15%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Hometown Money Market (with Direct Deposit)
3.20%
$0
View
▼
Rate3.15%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Inland Bank & Trust
Institution Rating:
A+5.0 ★
2805 Butterfield Rd, Oak Brook, IL 60523
Advantage Money Market Account
3.20%
$25,000
View
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMar 18, 2026
Details

$25,000 minimum to open account. $25,000 minimum to earn 3.20% APY.

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
View
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMar 18, 2026
Details

Qualifying balance up to $10,000.00

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Hometown Money Market (with Direct Deposit)
3.10%
$0
View
▼
Rate3.06%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

FCB Banks
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
201 N Commercial St, Albers, IL 62215
Hometown Money Market (without Direct Deposit)
3.10%
$0
View
▼
Rate3.06%
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
2712 E Sangamon Ave, Springfield, IL 62702
Platinum Money Market Account
3.09%
$0
View
▼
Rate3.05%
Min Deposit$0
Min Balance—
UpdatedMar 20, 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)
3.08%
$10,000
View
▼
Rate3.04%
Min Deposit$10,000
Min Balance—
UpdatedMar 18, 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
View
▼
Rate3.04%
Min Deposit$10,000
Min Balance—
UpdatedMar 18, 2026
Details

First Community Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
801 Lincoln Hwy, Fairview Heights, IL 62208 2216
Money Management Checking (Money Market)
3.05%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 18, 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
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 17, 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
View
▼
Rate3.01%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

American Bank and Trust Company, N.A.
Institution Rating:
A5.0 ★ Texas Ratio: 7.79%
3730 18th Ave, Rock Island, IL 61201
Money Market account details Diamond
3.04%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Connexus Credit Union
Institution Rating:
B-4.3 ★ Texas Ratio: 22.87%
1980 National Blvd, Galesburg, IL 61401
Money Market Accounts
3.01%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
730 Engineering Ave, Springfield, IL 62703
Money Market Savings
3.00%
$0
View
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Verve a Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.81%
525 W Roosevelt Rd, Chicago, IL 60607 4908
Optimum Money Market
2.99%
$0
View
▼
Rate2.95%
Min Deposit$0
Min Balance—
UpdatedMar 17, 2026
Details

First Community Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
801 Lincoln Hwy, Fairview Heights, IL 62208 2216
Money Management Checking (Money Market)
2.90%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
2712 E Sangamon Ave, Springfield, IL 62702
Platinum Money Market Account
2.84%
$0
View
▼
Rate2.80%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Revity Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.46%
3970 Maryville Rd, Granite City, IL 62040 4179
Money Market Account
2.75%
$0
View
▼
Rate2.75%
Min Deposit$0
Min Balance—
UpdatedMar 11, 2026
Details

United Equity Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.09%
687 Lincoln St, Galesburg, IL 61401
36 Months Money Market Account
2.75%
$0
View
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details

United Equity Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.09%
687 Lincoln St, Galesburg, IL 61401
60 Months Money Market Account
2.75%
$0
View
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details

United Equity Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.09%
687 Lincoln St, Galesburg, IL 61401
48 Months Money Market Account
2.75%
$0
View
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedMar 15, 2026
Details

Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
730 Engineering Ave, Springfield, IL 62703
Money Market Savings
2.75%
$0
View
▼
Rate2.71%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

Cornerstone Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.64%
550 W Meadows Dr, Freeport, IL 61032 7610
Insured High Yield Money Market
2.75%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMar 18, 2026
Details

Verve a Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.81%
525 W Roosevelt Rd, Chicago, IL 60607 4908
Optimum Money Market
2.75%
$0
View
▼
Rate2.71%
Min Deposit$0
Min Balance—
UpdatedMar 17, 2026
Details

Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
3130 E Mound Rd, Decatur, IL 62526
MAXimum Money Markets
2.71%
$0
View
▼
Rate2.68%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details

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 Elgin, 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.

Methodology & Data Sources

Direct-Sourced & Verified Money Market Rate Data: We aggregate money market account rates for Elgin, 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 Elgin, 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 Elgin, Illinois

What is a Money Market Account (MMA)?

A Money Market Account (MMA) is a type of savings 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 Elgin, 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 Elgin, 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.

Best Money Market Rates in Elgin, Illinois

Here are some of the highest money market account APYs currently available in Elgin, Illinois and the surrounding area:
  • De Witt Savings Bank
    N-Vest Money Market Tier 7 — 4.07% APY
  • FCB Banks
    Hometown Money Market (with Direct Deposit) — 4.05% APY
  • United Trust Bank
    Premium Money Market Special — 4.00% APY
  • United Equity Credit Union
    Money Market Account 12 Months — 3.90% APY
  • Waterman Bank
    Money Market — 3.82% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Elgin, Illinois. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 20, 2026

Elgin, Illinois Rates & Resources

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