Pesotum, Illinois Money Market Rates - October 2026
Brian McKay
Brian McKay
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Pesotum, Illinois money market account rates from banks and credit unions serving Illinois range from 2.50% to 4.07% APY, verified by MonitorBankRates as of October 23, 2026. Current Pesotum, Illinois and the surrounding area money market deposit account rates include De Witt Savings BankDe Witt Savings BankA5.0 ★Texas Ratio: 6.29%Real return: +0.37%APY minus 3.7% CPIRate verified Oct 21, 2026 N-Vest Money Market at 4.07% APY, United Trust BankUnited Trust BankA+5.0 ★Texas Ratio: 3.55%Real return: +0.30%APY minus 3.7% CPIRate verified Oct 21, 2026 Money Market - New Money Only at 4.00% APY, FCB BanksFCB BanksA5.0 ★Texas Ratio: 7.31%Real return: +0.15%APY minus 3.7% CPIRate verified Oct 20, 2026 Hometown Money Market (with Direct Deposit) at 3.85% APY, Consumers Credit UnionConsumers Credit UnionA5.0 ★Texas Ratio: 6.15%Real return: +0.12%APY minus 3.7% CPIRate verified Oct 20, 2026 Business Money Market at 3.82% APY, and Waterman BankWaterman BankA5.0 ★Texas Ratio: 8.69%Real return: +0.12%APY minus 3.7% CPIRate verified Oct 21, 2026 Business Money Market at 3.82% APY. Money market rates as of October 23, 2026 according to verified data from MonitorBankRates.
Pesotum is a smaller community with no bank or credit union branches currently in our database. 150 institutions serving the Illinois area are available to Pesotum residents, with money market rates as high as 4.07% APY from De Witt Savings Bank. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Pesotum, Illinois and surrounding area. Last Updated and Verified: October 23, 2026
Compare the Best Money Market Rates Today in Pesotum, Illinois & the Surrounding Area
Balance: $100,000.00 and over; New money only; money not currently on deposit with United Trust Bank; penalty may apply for early withdrawal
Balance: $100,000 and over; Penalty may be imposed for early withdrawal
Balance: $10,000-99,999.99; New money only; money not currently on deposit with United Trust Bank; penalty may apply for early withdrawal
Balance: $10,000-99,999.99; Penalty may be imposed for early withdrawal
Balance: $1,000,000+; Minimum Balance to Earn Interest: $1,000,000
Balance: $2,500.00 and over; APY paid on the entire balance
Balance: $2,500.00 and over; APY paid on the entire balance
Balance: $500,000+; Rates effective April 3, 2026
Balance: $250,000-$1,000,000; Credit Frequency: Monthly
- Sep 24, 20263.80%▲ from 3.40%
- Sep 19, 20263.40%first recorded
Annual Percentage Yield applies to new money deposits only; $100,000.00 minimum balance required to earn stated rate; $20 monthly service charge if average daily balance is below $25,000; rate subject to change after account opening
No rate tiers; No minimum balance to earn APY; APY may change after account opening; APY accurate as of 09/17/2026; Limited to 6 preauthorized transfers or withdrawals per monthly statement cycle; Excess withdrawal fee for more than 6 withdrawals or transfers per month may reduce earnings; Open online
Balance: $500,000 - $999,999.99; Minimum Balance to Earn Interest: $500,000
Balance: $1,000,000+
Balance: $1,000,000+
Credit Frequency: Monthly
- Sep 24, 20263.75%▲ from 3.35%
- Sep 8, 20263.35%first recorded
Balance: $100,000 and above; New money only; Minimum opening new money deposit is $100,000
Balance: $250,000 or more; Federal Funds Effective Rate minus 0.25%
- Sep 24, 20263.70%▲ from 3.44%
- Sep 14, 20263.44%first recorded
Balance: $1,000,001-$1,500,000; Credit Frequency: Monthly
- Sep 24, 20263.70%▲ from 3.30%
- Sep 8, 20263.30%first recorded
Balance: $500,000 - $999,999.99
Balance: $500,000 - $999,999.99
Balance: $250,000 - $499,999.99
Balance: $1,500,001; Credit Frequency: Monthly
- Sep 24, 20263.60%▲ from 3.20%
- Sep 8, 20263.20%first recorded
Valid Thru: 10/25/2026
Balance: $1,000,000.00 and over
- Sep 27, 20263.56%▲ from 3.34%
- Sep 19, 20263.34%first recorded
Balance: $1,000,000.00+; Compounding & Crediting: Monthly; Rate may change after account is opened; APY paid on entire balance
- Sep 27, 20263.56%▲ from 3.34%
- Sep 19, 20263.34%first recorded
Balance: $500,000 - $999,999.99
Balance: $100,000 - $249,999.99
Balance: $100,000 and greater
- Oct 3, 20263.51%▲ from 3.25%
- Sep 7, 20263.25%first recorded
Balance: $1,000,000+
Balance: $500,000+; Average Daily Balance tier; Effective as of 10/20/2026
Balance: $250,000 plus
- Oct 20, 20263.50%▲ from 2.00%
- Sep 24, 20262.00%▲ from 1.75%
- Sep 11, 20261.75%first recorded
Valid Thru: 10/25/2026
Valid Thru: 10/25/2026
Balance: $100,000 and above; New money only; Minimum opening new money deposit is $100,000
Balance: $15,000+; Intro rate
- Oct 10, 20263.50%▲ from 1.25%
- Sep 14, 20261.25%first recorded
Balance: $100,000 - $499,999.99
Credit Frequency: Monthly
- Sep 24, 20263.45%▲ from 3.05%
- Sep 8, 20263.05%first recorded
Balance: $100,000 - $249,999.99; Federal Funds Effective Rate minus 0.50%
- Sep 24, 20263.44%▲ from 3.19%
- Sep 14, 20263.19%first recorded
Balance: $25,000 to $49,999.99; New clients only; requires $25,000 deposit within 30 days of opening and daily balance of at least $25,000 to maintain rate (ZIP 55402)
Balance: $500,000 - $999,999.99
Qualifications Required: 21+ debit or credit card transactions per month; minimum $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days; Level 2: All-In; Balance: $500,000 and over
- Oct 10, 20263.40%▲ from 3.25%
- Sep 14, 20263.25%first recorded
Balance: up to $15,000,000; Average Daily Balance; Rate tied to daily Effective Federal Funds Rate at account opening less .50%; APYs accurate as of August 12, 2026
Balance: $25,000 - $99,999.99
Balance: $25,000.00 to $2,000,000.99; Requires an open Huntington Perks Checking account; Minimum balance to earn interest is $25,000.00 and must be new money to Huntington
Balance: $25,000.00 to $2,000,000.99; Requires an open Huntington Platinum Perks Checking account; Minimum balance to earn interest is $25,000.00 and must be new money to Huntington
Balance: $250,000 - $499,999.99
Balance: $500,000.00 - $999,999.99
- Sep 27, 20263.33%▲ from 3.08%
- Sep 19, 20263.08%first recorded
Balance tier from $500,000.00; Compounding & Crediting: Monthly; Rate may change after account is opened; APY paid on entire balance
- Sep 27, 20263.33%▲ from 3.08%
- Sep 19, 20263.08%first recorded
Balance: $250,000 - $499,999.99; Minimum Balance to Earn Interest: $250,000
Balance: $100,000 - $249,999.99
Balance: $1,000,000 and over; Relationship Package Qualifications apply
Qualifications Required: 21+ debit or credit card transactions per month; minimum $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days; Level 2: All-In; Balance: $250,000-$499,999.99
- Oct 10, 20263.30%▲ from 3.15%
- Sep 27, 20263.15%first recorded
Balance: $500,000 and up; Dividends compound monthly
Balance: $0 - $24,999.99
Balance: $250,000+; Average Daily Balance tier; Effective as of 10/20/2026
Balance: $1,000,000 and over; Relationship Package Qualifications apply
Balance: $250,000 - $1,000,000; Min. to Earn: $250,000.00
Balance: $200,000 - $249,999.99; Minimum Balance to Earn Interest: $200,000
Balance: $250,000 - $499,999.99
Balance: $250,000.00 and above
- Oct 9, 20263.20%▲ from 3.09%
- Sep 14, 20263.09%first recorded
Balance: $10,000 and more; New deposits only (funds not currently on deposit with Centrust Bank); Offer may be rescinded at any time; Interest paid monthly; $25 monthly fee if minimum daily balance falls below $10,000; APY accurate as of 12/12/25
Balance: $50,000 or more; Compounding and crediting: Monthly
Balance: $1,000,000 and over; Minimum amount to open is $1,000
Balance: $1,000,000 and over; Minimum daily balance of $1,000 to obtain the disclosed APY; Compounded monthly
Balance: $100,000 and over
Balance: $250,000 and over; Limited withdrawals; Fees may reduce earnings on accounts
Level 1; Balance: $500,000 and over
- Oct 10, 20263.00%▲ from 2.85%
- Sep 14, 20262.85%first recorded
Balance: $100,000 and over; Minimum Balance to open a Money Market: $2,000
- Oct 14, 20263.00%▲ from 2.50%
- Sep 14, 20262.50%first recorded
Balance: $100,000.00 - $249,999.99
- Oct 9, 20262.94%▲ from 2.84%
- Sep 14, 20262.84%first recorded
Balance: $25,000 - $49,999; Compounding and crediting: Monthly
Level 1; Balance: $250,000-$499,999.99
- Oct 10, 20262.90%▲ from 2.75%
- Sep 27, 20262.75%first recorded
Balance: $250,000 - $499,999.99; Rates effective April 3, 2026
Balance: $25,000 - $99,999.99
Minimum balance tier: $500,000.00; Three free withdrawals per month
Balance: $150,000.00 or more; footnote (*) refers to Elite Money Market Account
Balance: $150,001 and Above
- Oct 10, 20262.75%▲ from 2.51%
- Sep 14, 20262.51%first recorded
Balance: $50,000 - $99,999.99; Minimum Balance to open a Money Market: $2,000
- Oct 14, 20262.75%▲ from 2.25%
- Sep 14, 20262.25%first recorded
Tier 4; Balance: $250,000.00 minimum
Tier: TIER-4; Min. to Earn APY: $100,000.00; Minimum to open: $2,500
- Oct 14, 20262.70%▲ from 2.55%
- Sep 18, 20262.55%first recorded
Valid Thru: 10/25/2026
Valid Thru: 10/25/2026
Valid Thru: 10/25/2026
Balance: Over $50,000
Balance: $50,000.00 - $99,999.99
- Oct 9, 20262.63%▲ from 2.53%
- Sep 14, 20262.53%first recorded
Tier: TIER-3; Min. to Earn APY: $50,000.00; Minimum to open: $2,500
- Oct 14, 20262.60%▲ from 2.45%
- Sep 18, 20262.45%first recorded
Balance: $75,000.01 and above
Balance: $100,000 and over
Balance: $50,000.01 and greater; Dividend Paid: Quarterly
Minimum balance tier: $250,000.00; Three free withdrawals per month
Balance: $100,000 - $249,999.99; Limited withdrawals; Fees may reduce earnings on accounts
Balance: $500,000 to $999,999.99; Minimum amount to open is $1,000
Balance: $500,000 to $999,999.99; Minimum daily balance of $1,000 to obtain the disclosed APY; Compounded monthly
Tier: TIER-2; Min. to Earn APY: $25,000.00; Minimum to open: $2,500
- Oct 14, 20262.50%▲ from 2.35%
- Sep 18, 20262.35%first recorded
Balance: $75,000 and above; Tier 4; Dividend is paid for the highest tier that has a balance for the entire balance
Balance: $2,000 - $49,999.99; Minimum Balance to open a Money Market: $2,000
- Oct 14, 20262.50%▲ from 2.00%
- Sep 14, 20262.00%first recorded
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.
Pesotum, IL Money Market Rate Trends
Compare local Pesotum, 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.
Illinois high-yield MMA rates fell 0.013 points over the past 7 days to 3.112% APY.
Illinois standard MMA rates fell 0.012 points over the past 7 days to 0.584% APY.
Pesotum, Illinois Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current IL high-yield MMA average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Money market account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current IL high-yield money market average of 3.112% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield money market rates tend to adjust faster than standard branch-based accounts.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Pesotum, Illinois.
Money Market Account Earnings in Pesotum, Illinois
Annual interest earnings at current IL average APYs, based on the high-yield and standard money market averages tracked in our database. Balances reflect the higher minimums typical of money market accounts. Compounding assumed monthly.
| Balance | HY Money Market (3.112% APY) | Monthly Earnings | Standard MMA (0.584% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $311.23 / year | $25.94 | $58.40 / year | $4.87 |
| $25,000 | $778.07 / year | $64.84 | $146.00 / year | $12.17 |
| $50,000 | $1,556.15 / year | $129.68 | $292.00 / year | $24.33 |
| $100,000 | $3,112.30 / year | $259.36 | $584.00 / year | $48.67 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, rate tier, and daily balance maintained. Rates are variable and subject to change. Source: Pesotum, Illinois money market rate averages as of October 25, 2026. | ||||
Available in Pesotum, Illinois Area
About Our Pesotum, Illinois Money Market Rate Database
MonitorBankRates tracks money market rate offers from 54 banks and credit unions available to Pesotum, Illinois residents via statewide and national offers. No branch locations physically in Pesotum are currently in our database, but all listed offers are open to Pesotum depositors. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1 to 5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: De Witt Savings Bank offers a money market account at 4.07% APY with a minimum deposit of $25,000. Use the rate table above to compare all current offers in Pesotum, Illinois.
How to Find the Best Money Market Rates in Pesotum, Illinois
What to compare when shopping for a money market account in Pesotum, Illinois
To find the best money market APYs in Pesotum, Illinois, start with credit unions and online-only banks: Pesotum, Illinois has 23 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate, and pay close attention to balance tiers. Many money market accounts only pay their advertised top rate above a minimum balance of $1,000 to $25,000, with lower rates (or monthly fees) below that threshold. The current IL high-yield money market average is 3.112% but top local institutions are offering as high as 4.07%, so shopping around pays off.
Unlike a CD, money market rates are variable. Your rate can change at any time with Federal Reserve policy. Also check check-writing and debit card limits: most MMAs allow a set number of withdrawals per month, and exceeding the limit can trigger fees. Review your account periodically to ensure your APY remains competitive.
When a Money Market Account Makes Sense
- Emergency fund with flexibility: You get savings-level yields plus limited check-writing and debit access. Pesotum, Illinois high-yield money market rates currently average 3.112% APY, far above a typical checking account.
- Larger balances ($10,000+): Many MMAs pay tiered rates that rise with your balance, so bigger deposits often earn more than they would in a standard savings account.
- Parking cash between investments: A high-yield money market account at Pesotum, Illinois institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 54 institutions in Pesotum, Illinois report money market rates to our database.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return Pesotum, Illinois CD rates
- You don’t need check writing and want a lower minimum Pesotum, Illinois savings rates
- You need daily transaction access Pesotum, Illinois checking rates
Illinois Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau (state-level data shown; city data not available)
17.0% of residents are 65 or older, in line with the national average of 17.3%. At today’s IL high-yield money market average of 3.112%, saving 10% of the local median salary ($4,839/year) would earn an additional $151 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Pesotum, Illinois Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Pesotum, Illinois.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current IL Avg APY | 3.112% | View Savings Rates | 0.584%(Standard MMA) | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✓ Often yes | ✗ No | ✗ No | ✗ No |
| Debit / ATM Card | ✓ Often yes | Some institutions | ✗ Rarely | ✗ No |
| Typical Min Deposit | $0 to $2,500 | $0 to $100 | $25 to $100 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Active savers wanting flexibility + check writing | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Locking in a rate for a defined period |
APY data reflects Pesotum, Illinois averages tracked in our database as of October 25, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Pesotum, Illinois Money Market Account Calculator
See how much a money market account can earn you. Enter your deposit, monthly contribution, and time frame, or click any current Pesotum, Illinois rate on the right to apply it instantly. Interest compounds monthly.
Assumes monthly compounding and a constant APY for the full period. Money market rates are variable and can change at any time, so actual earnings will differ. Estimates are for informational purposes only.
Money Market & Savings Calculators for Pesotum, Illinois
At IL’s top money market rate of 4.07% from De Witt Savings Bank, a $10,000 deposit earns $407 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Pesotum, Illinois earner is roughly $12,100. At 3.112% APY in a money market account, saving $1,010/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountIllinois’s high-yield money market average is 3.112% APY, variable, always accessible, and often with check-writing. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Pesotum, Illinois earner makes $48,393/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.112% APY.
Retirement PlannerA $25,000 money market balance earning 3.112% APY grows to roughly $46,148 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Pesotum, 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 Pesotum, 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 Pesotum, 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 Pesotum, Illinois
What is a Money Market Account (MMA)?
Are Money Market accounts in Pesotum, Illinois safe?
How often do MMA rates change in Pesotum, Illinois?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Pesotum, Illinois?
Can I lose money in a Money Market Account?
What is the difference between a Money Market Account and a Money Market Fund?
Do I have to pay taxes on money market account interest?
Are online banks better than local banks in Pesotum, Illinois for money market accounts?
Best Money Market Rates in Pesotum, Illinois
- De Witt Savings Bank
N-Vest Money Market: 4.07% APY - United Trust Bank
Money Market - New Money Only: 4.00% APY - FCB Banks
Hometown Money Market (with Direct Deposit): 3.85% APY - Consumers Credit Union
Business Money Market: 3.82% APY - Waterman Bank
Business Money Market: 3.82% APY
Pesotum, Illinois Rates & Resources
